Oil

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BP plans to move forward after settlement

Mar 5, 2012
The big oil company BP has settled with thousands of Gulf Coast residents and businesses for their economic losses and medical claims from its massive 2010 oil spill -- to the tune of $7.8 billion.
Posted In: BP, Oil, settlement, deep water drilling

Gas prices reaching new heights this year

Mar 2, 2012
Yesterday, a report of a pipeline explosion in Saudi Arabia sent oil prices up near a four-year high. The Saudis denied that report, but two things are clear: Oil traders are on edge, and prices remain very high. And obviously, that's trickling right down to the gas tank.
Posted In: gas prices, Oil

Shell tries to skirt potential court challenges

Mar 1, 2012
The oil company hopes to avoid long delays in its plans to start offshore drilling in the Alaskan Arctic Ocean. But a preemptive lawsuit may create more problems than it solves.
Posted In: Oil, Shell, Alaska, lawsuit, offshore drilling

TransCanada to continue with Keystone pipeline in south

Feb 28, 2012
The Canadian oil firm had wanted to run oil all the way from Canada to the Gulf, but President Obama rejected that earlier this year. Now, the company is settling for a pipeline from Oklahoma to Texas.
Posted In: Keystone pipeline, gas pipelines, TransCanada, Oil

Iran sanctions could lead to higher gas costs in U.S.

Feb 20, 2012
Oil prices have jumped to a near nine month high this morning. That's after Iran cut exports to Britain and France over sanctions related to Iran's nuclear program.
Posted In: Oil, Iran, sanctions, gas prices

Is Iran's nuclear program aimed at making weapons?

Feb 16, 2012
Not everyone is so sure that the answer is yes.
Posted In: Oil, Iran

Tensions in Middle East affecting oil prices

Feb 15, 2012
Oil prices are on the rise today, in part because of news out of Syria. But there are also bigger picture problems to worry about.
Posted In: Oil, middle east, Strait of Hormuz, oil prices

U.S. edging toward energy independence

Feb 7, 2012
Thanks to new domestic sources and tough mileage standards, America is producing 81 percent of its own energy, according to a new report.
Posted In: Oil, natural gas, energy crisis, fuel efficiency, bloomberg

Sand rush splits a community

Jan 27, 2012
How the discovery of a valuable commodity under the rolling hills of a rural Wisconsin community has pitted neighbor against neighbor.
Posted In: Oil, sand, fracking, community, neighbors

Europe's oil standoff

Jan 23, 2012
As part of the effort to prevent Tehran from developing its nuclear weapons program, the EU unites on imposing sanctions against Iran.
Posted In: Oil, Iran, European Union, military, Strait of Hormuz

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