Fuel Fix

Mohammad Rezaie changes the gas prices at his Union 76 gas station in Oakland, Calif., Friday, Nov. 11, 2011.  The price of oil is flirting with $100 per barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and trigger another recession. (AP Photo/Paul Sakuma)

Signs of gas drop seen thwarting case against Obama

Signs that gasoline prices may have peaked signal relief to both American drivers and President Barack Obama, who Republicans have tried to tie to a climb in the costs.  More »
(Photo: BFS Man)

ERCOT doesn’t foresee rolling summer power outages

The state’s electric grid operator is predicting that Texas will make it through the summer without rolling outages after the system was pushed to the brink last year.  More »
wind turbines on the water near England

Natural gas, renewables big factor in presidential pick, poll finds

A solid majority of Americans are more likely to vote for a presidential candidate who supports developing more natural gas, boosting federal support for renewable-energy use and research, and approving construction of the Keystone XL pipeline, a new poll found.  More »
Marathon gas station sign (AP Photo/Gene J. Puskar)

Marathon selling Alaska assets

Marathon Oil Corp. plans to sell most of its Alaska assets to Hilcorp Alaska LLC as part of a corporate strategy to focus on oil shale production.  More »
(Jennifer A. Dlouhy/The Houston Chronicle)

Coal exports surge to highest level since 1991

Government data show U.S. coal exports reached their highest level in two decades last year as strong overseas demand offered an outlet for a fuel that’s falling from favor at home.  More »
A woman fills up her SUV at a California gas station. (Photo: FREDERIC J. BROWN/AFP/Getty Images)

Gasoline analysts say peak might be soon

Analysts say the rising national gasoline prices might be over, likely meaning lower prices for drivers in the coming months, according to a Los Angeles Times story.  More »

Petrobras finds oil seep near Chevron’s Brazil spill

Petroleo Brasileiro SA (PETR4), Brazil’s state-run oil producer, reported a seep in its Roncador project near the Chevron Corp. (CVX) field where 3,000 barrels leaked into the Atlantic Ocean in November.  More »
A Chesapeake Energy drilling rig (Photo: Chesapeake Energy)

Chesapeake asset sales bring $2.6 billion

Chesapeake Energy Corp. (CHK), the second- largest U.S. natural-gas producer, announced $2.6 billion in asset sales that will cut debt and fund drilling after slumping gas prices eroded cash flow.  More »
(Photo: Patricia Santos, Associated Press)

Petrobras well shows ‘high potential’ at Iara Field

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil company, discovered “good quality” oil at its third well at the Iara field in deep waters of the Atlantic Ocean near the country’s biggest deposits.  More »
A fire engine douses reactor number 3 of the Fukushima Dai-ichi nuclear plant in northern Japan on March 18, 2011. (Photo: Japanese Ground Self-Defense Force/AFP/Getty Images)

Japan closer to restarting first reactors since Fukushima

Japan’s government approved new safety measures for nuclear reactors, taking a step toward restarting the first atomic plant since the Fukushima disaster and to avert electricity shortages this summer that could set back the country’s economic recovery.  More »

Gulf Oil returns to Houston, branding 50 stations

In partnership with The Woodlands-based distributor Petroleum Wholesale, Gulf Oil will rebrand 50 ExxonMobil stations with its orange-disc logo this year.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Sierra Club sues in effort for Ohio drilling info

An environmental organization is asking an Ohio judge to force the state Department of Natural Resources to disclose plans for oil and gas drilling at state parks and other public properties.  More »