Study: Gasoline prices to fall if US exports crude

The oil industry's leading trade group on Monday cast exports of U.S. crude as an economic win for consumers, fighting back against criticism that selling the fossil fuel overseas would mean higher prices here at home. A new report released Monday found that if the U.S. ended the 39-year-old ban on exporting American crude, gasoline prices would fall slightly -- but so would refinery margins.

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Federal criminal charges likely in gas blast

A disclosure document filed with the Securities and Exchange Commission by PG&E Corp. and its subsidiary said the company expects the federal government will bring criminal charges against the utility in connection with the Sept. 9, 2010, explosion of its transmission pipeline in San Bruno.

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Study: Shale oil still profitable with price drops

HOUSTON — Even if global oil prices fell more than $30 per barrel, the overwhelmingly majority of U.S. tight oil production still would be profitable, analysts with Wood Mackenzie said Tuesday. More than 70 percent tight oil reserves would be economically viable if global oil prices fell to $75 per barrel, said Harold York, the […]

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Environmentalists challenge Obama on natural gas exports

More than a dozen environmental groups on Tuesday called on President Barack Obama to reject his previous support for natural gas and the drilling practices yielding the fossil fuel. The organizations also insisted that the administration's handling of a proposed natural gas export facility on the Maryland coast is a test of the White House's commitment to combating climate change.

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Russia and the Ukraine: The Energy Angle

Even with all the speculation and debate about Vladimir Putin’s nationalistic motives for Russia’s annexation of the Crimea, there still seems to be room for more thoughtful consideration of the oil and gas aspects of the conflict. Putin may be a nationalist and he may primarily worry about Russia’s national cohesion and periphery but Russia […]

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Industry sings ‘Happy birthday to fracking’ today

From Fuel Fix: HOUSTON — The oil and gas industry is launching a social media campaign to promote hydraulic fracturing by highlighting Monday as the hotly debated technology’s 65th birthday. On March 17, 1949, Halliburton conducted the first commercial fracking job, according to the American Petroleum Institute. Hydraulic fracturing involves treating oil and gas wells […]

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TransCanada makes final appeal for Keystone XL

Keystone XL is the safest and most environmentally sound way to transport Canadian and North Dakota oil to Gulf Coast refineries, TransCanada Corp., said in its last-ditch appeal for the pipeline's approval. The Calgary-based company's assertions joined more than 100,000 comments filed with the State Department, as it weighs whether Keystone XL is in the "national interest."

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Update: Truck spills crude oil on Eagle Ford roads

A crude oil truck lost its load along two Farm-to-Market roads in Karnes County early this morning, leaving a nine-mile trail of oil in its wake. Portions of FM 81 and FM 1144 remain closed for clean up, officials with the Karnes County Sheriff’s Department said. TxDOT’s Corpus Christi office said the spill affected three miles […]

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The War on Energy is Underway

Consumer Energy Alliance’s mission is to promote U.S. energy production.  With our membership, CEA supports public policies that ensure consumers can access affordable energy and that the energy is developed safely and responsibly. We advocate for opening areas off U.S. shores in the Atlantic, the Arctic and in the Gulf of Mexico to energy development. […]

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