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Impact of Massive Oil Refinery Strike on Gas Prices

February 25, 2015 10:19 am | by CBS This Morning | Videos | Comments

Gas prices that fell for months have continued to climb for 29 straight days. Meanwhile, the largest oil refinery strike in 35 years is now in its fourth week. Does it mean the end of cheap gas?

Is Keystone Down The Tubes?

February 25, 2015 10:05 am | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

On Tuesday, the Keystone XL pipeline bill arrived at President Obama's desk and was promptly vetoed. So what does the future hold for the prospects of this major pipeline?

"Oil Company Death List" Report Reveals 19 Energy Companies in Danger

February 25, 2015 9:38 am | by Andy Szal, Chem.Info | News | Comments

A report from a Baltimore-based financial network warns of 19 energy stocks in jeopardy of "going belly-up" in the wake of plummeting oil prices.

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Antarctica: Mystery Continent Holds Key to Mankind's Future

February 24, 2015 3:29 pm | by LUIS ANDRES HENAO and SETH BORENSTEIN, Associated Press | Articles | Comments

The ice tells how levels of carbon dioxide, the heat-trapping gas, have fluctuated over hundreds of thousands of years. This is also the place where a hole in the ozone layer, from man-made refrigerants and aerosols, periodically parks for a couple months and causes trouble. 

Obama to Veto Keystone XL Pipeline

February 24, 2015 2:22 pm | by JOSH LEDERMAN, Associated Press | News | Comments

President Barack Obama will veto a Republican-backed bill on Tuesday that would have approved construction of the Keystone XL oil pipeline.

Fracking Regulation Debate Heats up Colorado

February 24, 2015 2:17 pm | by DAN ELLIOTT, Associated Press | News | Comments

Similar battles are playing out in other states, but it's especially intense in Colorado, which has abundant oil and gas, a deep-rooted belief in property rights and a strong environmental movement.

A New Source of Biofuel — Leather Sludge

February 24, 2015 9:30 am | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

Properly disposing of waste from the leather processing industry is a costly and tricky endeavor — which is why a team of scientists has been hard at work demonstrating that there could be way to make good use of this toxic sludge.

Chevron Pulls Out of Shale Gas Exploration in Romania

February 23, 2015 5:13 pm | by The Associated Press | News | Comments

The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.

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Fuel-Hauling Trains Could Derail at 10 a Year

February 23, 2015 5:10 pm | by MATTHEW BROWN and JOSH FUNK, Associated Press | News | Comments

The U.S. government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing hundreds of people if an accident happens in a densely populated part of the country.

Filthy India Air Cutting 660 Million Lives Short by 3 Years

February 23, 2015 2:04 pm | by KATY DAIGLE, AP Environment Writer | Articles | Comments

India's filthy air is cutting 660 million lives short by about three years, according to research published Saturday that underlines the hidden costs of the country's heavy reliance on fossil fuels to power its economic growth with little regard for the environment.

Refinery Strike Expands Again

February 23, 2015 11:40 am | by Andy Szal, Chem.Info | News | Comments

The newly affected plants include a refinery in Port Arthur, Texas — the nation’s largest — along with two refineries and a chemical facility in Louisiana.

Report: Manufacturers Will Largely Benefit From Low Oil Prices

February 20, 2015 3:44 pm | by Andy Szal, Chem.Info | Articles | Comments

The U.S. remains a net importer of oil despite increased domestic production. That, says economist Dan Meckstroth, means the U.S. as a whole stands to benefit from an oil market that has wreaked havoc on oil exporting nations.

Fossil Fuel Divestment Effort Comes to Energy-Rich Colorado

February 20, 2015 3:33 pm | by DAN ELLIOTT, Associated Press | Articles | Comments

A campaign to get universities to stop investing in greenhouse gas-producing fuels has come deep into energy country as activists ask the University of Colorado to divest from coal and petroleum companies.

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US Rig Count Decreases 48 to 1,310

February 20, 2015 3:29 pm | by The Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 48 this week to 1,310 amid depressed oil prices.

Kansas Senate Bills Seek to Stall EPA's Regulations

February 20, 2015 3:26 pm | by The Associated Press | News | Comments

A Kansas Senate committee is considering two bills that could delay or prevent enactment of federal clean air rules to regulate carbon emissions from power plants.

TransCanada to Seek US Approval for $600M Upland Pipeline

February 20, 2015 9:55 am | by The Associated Press | News | Comments

The Canadian company behind the long-delayed Keystone XL pipeline will seek U.S. State Department approval for another pipeline — this one going north.

Walker Plans to Pursue 2 Export-Capable Gaslines

February 20, 2015 9:43 am | by BECKY BOHRER, Associated Press | News | Comments

Gov. Bill Walker said he wants Alaska to pursue two natural gas pipeline projects, both of which would be capable of exporting liquefied natural gas.

Company Whose Train Exploded Had Spent Millions on Lobbying, Campaign Contributions

February 20, 2015 9:34 am | by Andy Szal, Chem.Info | Articles | Comments

The railroad company whose train triggered a massive explosion Monday in West Virginia had spent millions lobbying against rail oversight legislation in Congress, according to a report.

In Case You Need a Laugh...

February 19, 2015 4:31 pm | by The Onion | Articles | Comments

The Onion has nailed it with this headline: "Lucrative New Oil Extraction Method Involves Drilling Directly Into Gas Stations."

$10 a Barrel Oil is Absolutely Possible: Schork

February 19, 2015 9:31 am | by Bloomberg Business | Videos | Comments

Stephen Schork, president of The Schork Group, discusses how refinery strikes and the yearly refinery maintenance season could hit demand for crude hard, sending crude prices even lower.

Blast Devastates Refinery, Sends Ash Raining Down on Area

February 19, 2015 9:20 am | by TAMI ABDOLLAH, Associated Press | News | Comments

An explosion devastated a section of a refinery on Wednesday morning, shaking nearby homes, raining down ash and injuring four people. Experts said the disruption to production would likely drive up gas prices in California.

Blast Hits Southern California Refinery

February 18, 2015 4:16 pm | by TAMI ABDOLLAH, Associated Press | News | Comments

The facility — a structure several stories tall — was shattered. Crews poured water onto the structure afterward, and a fire spokesman said at midday the situation was controlled.

Gas Explosion in Mexico Caused by Worn Bolts on Gas Truck

February 18, 2015 11:01 am | by The Associated Press | News | Comments

Mexican officials said Monday that two worn-out bolts on a gas tanker truck broke, causing a leak that resulted in a hospital explosion that killed five people last month.

Why Refinery Strike Has Had Little Bite at Gas Pump

February 18, 2015 10:56 am | by JONATHAN FAHEY, AP Energy Writer | Articles | Comments

Gasoline prices can spike for all kinds of reasons that make skeptical drivers roll their eyes: "tension" in the Middle East, a refinery suddenly shuts down for maintenance, or the annual springtime switch to summer blends of gasoline.

Warren Buffett's Firm Sells Exxon Mobil, Adds Deere Stake

February 18, 2015 9:36 am | by JOSH FUNK, AP Business Writer | News | Comments

Billionaire Warren Buffett's company unloaded its 41 million shares of Exxon Mobil Corp. and sold a smaller stake in ConocoPhillips as oil prices fell last fall.

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