Oil

The Environmental Protection Agency is expected to announce an increase in the amount of ethanol allowed in gasoline. Reporter Janet Babin talks with Bill Radke about why some environmentalists oppose that increase and whether consumers will be able to tell if they're buying gas with ethanol in it.

The European Commission is considering its own moratorium on deep sea oil drilling — at least until the U.S. inquiry into the Gulf spill has been published. London bureau chief Stephen Beard talks with Steve Chiotakis about whether a moratorium is likely in Europe.

Fort McMurray, Alberta may be the only town that breathed a sigh of relief when the recession came. Fort McMurray is a modern day boomtown that's struggling to keep up with near 10 percent a year growth and the flood of money from the nearby oil sands.

This morning's Wall Street Journal reports, the big manufacturer 3M says it will stop offering some kinds of health insurance because of the…

Iraq has announced a 25% increase in oil reserves. That would mean its oil reserves are second only to Saudi Arabia. But will even bigger reserves entice more foreign investment in Iraqi oil fields? Nancy Marshall Genzer reports.

BP's incoming Chief Executive Bob Dudley takes the helm shortly, but already he's shaking things up. He's ousted one top manager and announced a new safety czar. But it may take more than a change at the top to reform BP's culture. Janet Babin reports.

Robert Dudley will officially take over the CEO spot at BP this Friday, Oct. 1, but he's been re-shuffling the BP administration. Will he be able to successfully change BP's image?

Are the safety laws on America's pipelines springing some leaks? That's what the Senate Commerce Committee debates this afternoon. That deadly natural gas explosion in San Bruno, Calif., this month has prompted calls for more federal oversight and pipeline upgrades. Sarah Gardner reports.

Months ago British oil company BP promised $500 million for scientists to study the oil spill's impact — no strings attached. Now there are some. Eve Troeh reports.

Without these federal fossil fuel tax breaks, the oil industry may not have taken off as it did. But a century later, some believe it's time to focus the subsidies on renewable energy.