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Views Mixed on U.S. Oil Storage Crunch

March 26, 2015 3:19 pm | by Andy Szal, Digital Reporter | Articles | Comments

For some, the news triggered speculation that declining storage space in the U.S. - at a time when the market already has too much oil - could further erode crude prices. Others believe the nation's oil capacity is already at or near its peak with millions of gallons of potential space to spare.

Shell Cuts Staff in North Sea

March 26, 2015 2:43 pm | by Associated Press | News | Comments

The oil company said the cuts are part of a range of initiatives it has been pursuing to manage costs and improve competitive performance.

Lawmakers Unhappy with New Fracking Rules

March 26, 2015 2:36 pm | by Kevin Freking, AP | News | Comments

Republican and Democratic lawmakers in the House have found something in common. Many have issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing.

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Study: Electric Cars Could Alleviate Urban Heat

March 24, 2015 4:14 pm | by Andy Szal, Digital Reporter | News | Comments

Researchers from Michigan State University reported electric vehicles only emit about one-fifth the heat of conventional gas-powered vehicles. In areas with heavy traffic, scientists argued reducing heat emissions from cars could also lead to residents using less air conditioning.

Door Opens For Fracking Wildcatters in North Carolina

March 24, 2015 3:53 pm | by Andy Szal, Digital Reporter | News | Comments

But skeptics questioned how soon the natural gas industry could get up and running in a state without a history of such drilling.

$20 Oil Could Be a Reality if This Happens

March 24, 2015 3:43 pm | by Bloomberg Business | Videos | Comments

The U.S. is pumping so much oil it's running out of places to stash it, and that could have a big impact on oil prices.

Worker Safety Still Plagues US Oil Refineries

March 23, 2015 5:41 pm | by Andy Szal, Digital Reporter | Articles | Comments

Worker fatalities at U.S. oil refineries between 2005 and 2015 nearly matched the total from the previous decade despite safety recommendations made in the aftermath of a 2005 accident.

California First to Feel Hydro-Power Crunch of Drought

March 23, 2015 5:31 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

Despite the state's ambitious clean-air goals, officials are turning to dirtier, more costly fossil-fuel plants to fill some of the power gap.

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You Can go Home: Returnees to ND Oil Boom Town Here to Stay

March 23, 2015 10:43 am | by SHARON COHEN, AP National Writer | Articles | Comments

The discovery of crude oil here has been a powerful population magnet, not just bringing hordes of outsiders to the Bakken but luring back others who've discovered that, yes, they can go home again.

Oil Markets, Strong Production Lead US Gas Prices Lower

March 23, 2015 9:44 am | by The Associated Press | News | Comments

Industry analyst Trilby Lundberg said Sunday that falling oil prices and strong production at U.S. refineries led to lower numbers at the pump.

Train Derailments in Texas, Colorado Cause Leaking Chemicals, Dumped Coal

March 23, 2015 9:38 am | by The Associated Press | News | Comments

In Texas, the cars derailed Saturday evening near Valley Mills, a town about 25 miles northwest of Waco. Texas Department of Public Safety spokesman Trooper D.L. Wilson said that about four homes were evacuated.

Obama Administration Proposes Fracking Rules

March 20, 2015 3:35 pm | by Andy Szal, Digital Reporter | News | Comments

Industry groups hammered the proposal; the Independent Petroleum Association of America and the Western Energy Alliance filed a federal lawsuit in Wyoming in hopes of blocking the rules.

US Stocks Rise on Rebound in Oil, Strong Company Results

March 20, 2015 12:08 pm | News | Comments

After dropping more than 3 percent Thursday, oil was up $1.39, or 3 percent, to $46.86 a barrel. Energy stocks rose far more than the rest of the market, with the S&P 500 Energy sector up 1.3 percent.

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Dow Chemical's Secret Sauce

March 19, 2015 3:36 pm | by Fox Business | Videos | Comments

Dow Chemical CEO Andrew Liveris discusses why lower crude prices are a benefit for his company, and where he looks to profit outside the U.S.

Understanding The Shale Revolution: Q&A With Dow's Rick Strittmatter

March 19, 2015 2:59 pm | by Bridget Bergin, Associate Editor, Manufacturing.Net | News | Comments

"There aren’t just challenges with fracking — there are solutions being generated regularly," Strittmatter told Manufacturing.Net in a recent interview.

US Refineries Gearing up to Process More Domestic Shale Oil

March 19, 2015 2:50 pm | by Andy Szal, Digital Reporter | News | Comments

Refineries responding to the survey expected to increase their capacity for "very light and sweet" crude oil by more than 730,000 barrels per day from 2014 to 2016

Oil Prices Curb Fracking Efforts Abroad

March 19, 2015 2:35 pm | by Andy Szal, Digital Reporter | News | Comments

Chevron, Exxon Mobil and Royal Dutch Shell each suspended shale exploration in Europe, Russia and China, while those companies have cut fracking spending in nations such as Hungary, Romania, Turkey and Ukraine.

Obama to Order Gov't to Cut Its Greenhouse Gas Emissions

March 19, 2015 10:09 am | by The Associated Press | News | Comments

Obama will sign an executive order targeting greenhouse gases at the White House.

Kansas Ethanol Producers Say Proposed Tax Would Close Plants

March 19, 2015 10:05 am | by The Associated Press | News | Comments

The House Taxation Committee held a hearing on a bill Wednesday that would impose a 4.33 percent tax on ethanol products and electricity from renewable sources.

Feds Eye Oil, Gas Drilling Off East Coast, Alaska, Gulf

March 19, 2015 10:02 am | by WAYNE PARRY, Associated Press | News | Comments

Business and petroleum groups say they want to be able to explore whether significant oil and gas reserves exist that could stabilize energy prices and help the economy overall.

Saudi Arabia Hopes to Lure Shale Workers From The US

March 18, 2015 3:34 pm | by Andy Szal, Digital Reporter | News | Comments

Saudi Arabia hopes U.S. shale workers — many of them casualties of the ongoing downturn in crude prices — will consider the deserts of the Middle East as their new home.

Oilpatch Firms Selling Stock to Shore up Finances, But Who's Buying?

March 18, 2015 10:54 am | by Lauren Krugel, The Canadian Press | News | Comments

Energy firms have been looking to raise billions in financing by selling big chunks of their own stock — betting that investors smell a buying opportunity.

Greenbrier Shares Find Energy Outside of Energy Sector

March 18, 2015 10:39 am | by The Associated Press | News | Comments

The railroad freight-car maker Greenbrier announced a sharp hike in orders during the second quarter, but industry watchers honed in on what railroads want to buy, rather than how much.

Panel Nears Decision on Coal-Fired Power Plant Closure Plan

March 18, 2015 10:29 am | by SUSAN MONTOYA BRYAN, Associated Press | News | Comments

New Mexico regulators are close to making a decision on what experts have called a watershed case that could influence energy policy in the state for years to come.

Oil Prices Fall to Six-Year Low

March 17, 2015 5:16 pm | by Andy Szal, Digital Reporter | News | Comments

In the wake of a 10 percent slide last week, the price of crude oil on the West Texas Intermediate index fell to about $44 per barrel, the lowest level in six years.

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