Fuel Fix

Federal Reserve Chairman Ben Bernanke answers a question from National Press Club president Mark Hamrick. (AP photo)

Oil hovers above $107 on Bernanke comments, Iran

Oil prices hovered above $107 a barrel today after Federal Reserve Chairman Ben Bernanke suggested that the U.S. central bank would continue its policy of low interest rates to help spur job creation and economic growth.  More »
(Photo: Matt Churchill/Flickr)

Senate launches debate on oil industry taxes and gasoline prices

The Senate on Monday launched a high-profile debate on a Democratic plan to block the nation’s five biggest oil companies from taking advantage of a suite of tax breaks.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Environmentalists challenge trade secret protections for hydraulic fracturing

Environmentalists say Wyoming regulators are improperly approving oil and gas companies’ “overly broad,” boilerplate requests to shield information about the chemicals they use in drilling operations, despite a state regulation requiring the disclosure.  More »
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Marathon Oil gas pump (AP Photo/Michael Conroy)

Marathon Oil still expects production growth

Marathon Oil Corp.’s chairman, president and CEO said Monday that the company still expects production at its exploration and production and oil sands mining segments to increase by a combined 5 percent to 7 percent each year through 2016.  More »
Exxon Mobil used the Maersk Developer semi-submersible drilling rig to drill its first post-moratorium deep-water exploration well in the Gulf of Mexico. (Photo: Maersk)

Deepwater rig day rates top $600K

Rates for deep-water drilling equipment are rising along with increased exploration in Brazil, West Africa and the Gulf of Mexico, Barclays equity research reports.  More »
(AP Photo/Steve Helber)

Has President Obama increased drilling? We FuelFact it

FuelFact is a new project of FuelFix.com. In the runup to the 2012 presidential election, a lot is being said about the rising price of gasoline. We’ll be evaluating these statements, consulting with experts and rating their accuracy.  More »
(Image: Fotolia)

Senate to vote on axing oil industry tax breaks

The Senate is poised to vote today on a plan to block the nation’s five biggest oil companies from taking advantage of a suite of tax breaks.  More »
Prices for three grades of gasoline are posted in front of a service station Wednesday, Feb. 22, 2012, in Bellevue, Wash., near Seattle. (AP Photo/Elaine Thompson)

Houston gas record could be days away

Gasoline prices are likely to reach a record high in Houston in the coming days.  More »
(AP Photo/Pablo Martinez Monsivais)

Analysis: Election year fuels oil conspiracy theories

You may not have realized it, but the current run-up in oil and gasoline prices is actually a right-wing plot to oust President Barack Obama.  More »
General aviation has been hurt by rising cost of fuel, but Stinson Municipal Airfield has benefited from being convenient to the Eagle Ford Shale play. Photo: BILLY CALZADA, SAN ANTONIO EXPRESS-NEWS / gcalzada@express-news.net

Shale boom has business up at San Antonio airport

Stinson Municipal Airport, a 96-year-old airport in South San Antonio, might be in the right place at the right time.  More »
(AP Photo/Keith Srakocic)

Ohio gas drilling raises concern over water supply

Drillers hoping to retrieve gas through Utica shale wells in eastern Ohio are drawing water for their operations from ponds and streams or purchasing it from public reservoirs, worrying environmentalists who say it might endanger water supplies for the public and wildlife if there’s not enough water for everyone.  More »
Gov. Jerry Brown (AP Photo/Rich Pedroncelli,file)

California’s Brown says he’ll consider fracking standards

Governor Jerry Brown said he’ll consider opening California (STOCA1), fourth among oil-producing states, to a drilling method known as hydraulic fracturing to increase natural-gas production.  More »