Fuel Fix

Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil prices waver on IEA forecast

Oil prices are wavering just below $86 per barrel as economists revise their expectations for world demand.  More »
The Chevrolet Spark fuel efficient mini-car makes its world debut at the Geneva Motor Show Tuesday, March 3, 2009. The Chevrolet Spark will arrive in U.S. showrooms in 2011. (Photo by Axel Wierdemann for General Motors)

GM plans electric version of Chevy Spark for 2013

The electric Spark will go on sale in 2013 in select markets, following the 2012 introduction of the gas-burning version, the automaker said today during a media event at its Detroit headquarters commemorating the 100th anniversary of the Chevrolet brand. A123 Systems Inc., based in Waltham, Massachusetts, will supply batteries for the electric vehicle.  More »
Herman Cain, former chairman and chief executive officer of Godfather's Pizza, right, speaks while Rick Perry, governor of Texas, during a presidential debate sponsored by Bloomberg and The Washington Post held at Dartmouth College in Hanover, New Hampshire, U.S., on Tuesday, Oct. 11, 2011. The event moderated by U.S. television talk show host Charlie Rose and featuring eight Republican candidates, presents the first debate of the 2012 political season focused solely on the economy. (Photo: Andrew Harrer/Bloomberg)

Perry preaches energy independence at GOP debate, but so did Carter

Rick Perry stumbled through another debate last night, and his long-awaited plan to get America back on track featured an idea thrown around by nearly every president since Jimmy Carter – energy independence.  More »
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In efforts to protect power lines, area crews are cutting down trees that have become hazardous due to drought. Salvatore Rangel cuts down a tree on Gladys Tuesday. Guiseppe Barranco/The Enterprise

CenterPoint: report dead trees near power lines

CenterPoint Energy is asking residents to report dead or drought-stricken trees near power lines to ensure electricity service won’t be interrupted, the company said this morning.  More »
(AP Photo/Ken Taylor/Shell/PA Wire)

Total, Statoil spearhead $38 billion North Sea investment

Total SA, Statoil ASA and Chevron Corp. are planning a $38.2 billion investment drive in the biggest drilling campaign the U.K. North Sea has seen since 1995, according to Wood Mackenzie Consultants Ltd.  More »
Photo: Don Hankins/Flickr

Gas prices are on the rise again

Don’t expect gas prices to dip any further this week.  More »
Image: Flickr/Carmela Nava

Republicans study offshore drilling, one year after lifting of deep-water ban

One year ago today, the Obama administration lifted the ban on most deepwater drilling that was temporarily imposed after the Gulf oil spill. House Republicans are marking the anniversary with a hearing focused on the lingering effects of that five-month moratorium.  More »
(Photo: Modernangel, Flickr)

Never mind the radiation, Japan offers free airfare to 10,000

Six months after the Fukushima Daiichi nuclear crisis, Japan is hoping to boost tourism to the country by offer more than 10,000 free airline tickets to the country, officials reported.  More »
(Photo: Julien Tromeur, Flickr)

IEA cuts oil demand forecast on slower growth

The International Energy Agency cut forecasts for global oil demand in 2012 for a second month as the economic recovery loses momentum.  More »
(John Davenport/San Antonio Express-News)

Bumps in road to riches in the Eagle Ford

A year ago, word was out that the Eagle Ford shale showed great promise as being one of the best oil and gas plays in the nation.  More »
Secretary of State Hillary Rodham Clinton. (AP Photo/Jacquelyn Martin)

Hillary Clinton vows fair review on Keystone pipeline

Secretary of State Hillary Rodham Clinton said Tuesday she has “no reason to believe” that the State Department is biased in favor of a Canadian company’s plan to build a massive oil pipeline from western Canada to the Gulf Coast, as some critics charge.  More »

Gates talks military budget, energy at Eagle Ford conference

Former Defense Secretary Robert Gates told a gathering of energy leaders Tuesday that it would be bad policy to cut the nation’s defense and intelligence budgets as the United States must be prepared to deal with powerful and volatile nations, some of which are major oil producers.  More »
Williams Tower in Houston's Galleria area is named after the pipeline giant. (Photo: Hines)

Williams’ last-minute bid for SUG assets fell through

After apparently losing a bidding war for Houston-based Southern Union Co., pipeline giant Williams Co. made a last-minute bid for a handful of SUG assets. That deal has fallen through.  More »
Homeowner Doug Shoemaker demonstrates the Reliant e-Sense App to home improvement expert Bob Vila, while on a tour in his home in the 6th ward, Tuesday, Oct. 11, 2011, where Reliant Energy outfitted twelve families with smart meters and accessories, on a street called "Innovation Avenue." (Karen Warren / Houston Chronicle)

Houston neighborhood turned into smart meter laboratory

Reliant Energy has equipped 12 homes in the 6th Ward just West of Downtown Houston with a wide range of smart meter-enabled devices.  More »
(Photo: Kristen Taylor/Flickr)

New offshore energy sites open for business

The government has just launched websites for the two new federal agencies that oversee offshore energy development.  More »