Aug 23, 2012 But it probably won't have much impact on consumer's pocketbooks, especially when it comes to the price of gas or electricity.
Aug 22, 2012 From Nigeria, the Wall Street Journal has a provocative piece this morning on how the country's protecting its oil industry. The government's paying warlords, thieves and terrorists to guard the same oil pipelines they once plundered.
Aug 21, 2012 Oil refineries are among the many industries that use large volumes of water. A refinery in water-parched southern California turned to waste water for its needs.
Aug 13, 2012 Oil prices have jumped to a three month high in overseas trading. Brent Crude is at $114 a barrel this morning, despite forecasts that say global oil demand will be lower than first expected.
Aug 10, 2012 Tapping the Ogallala Aquifer decades ago turned the Panhandle into fertile farmland. Drought is reviving concern that water in the ground, like oil, eventually runs out.
Aug 7, 2012 A major refinery for Chevron caught fire in California last night. The fire in Richmond, outside of San Francisco, has been extinguished, but the fire could be bad news for drivers across the West, because one less refinery online is likely to mean higher gas prices.
Aug 7, 2012 A major refinery for Chevron caught fire in California last night. The fire has been contained, but it's still burning. And one less refinery won't be any help for already high gas prices.
Jul 31, 2012 The British oil company BP is reporting a sharp drop in profits. The company made just $238 million last quarter, compared with more than $5 billion a year ago.
Jul 24, 2012 Analysts don't expect a replay of the fight that stopped CNOOC from buying Unocal.