oil

Stories 61 - 80 | << Prev   Next >>

Why Oil Prices Keep Hitting New Lows

US oil prices briefly dipped under $50 a barrel today

(Newser) - Wonder whether gas prices will hold at their incredible $2.20 national average? Based on today's news, filling up the tank won't get harder over the next few weeks, the Wall Street Journal reports. US oil prices dipped below $50 a barrel for the first time in nearly...

Congress Moving Keystone; Could Hit Obama Next Week

White House says president has 'dim view' of measure, may veto

(Newser) - A bipartisan effort to advance the Keystone XL pipeline bill picked up steam just a few hours after Congress got back from an extended break yesterday. The House is expected to vote on the measure sometime today, and the bill would then head to the Senate early next week, reports...

Oil Magnate Loses Favorite Geode in $1B Divorce

Harold Hamm will pay ex-wife $322M now, $7M a month starting in 2015

(Newser) - Oil tycoon Harold Hamm got two horses named Star and Uno, firearms, and family photos, but he lost his favorite geode to his ex-wife. The 68-year-old Continental Resources CEO still has "billions to spare," though, even after an Oklahoma City judge ruled yesterday that he must pay Sue...

Part of Scotland Could Break Off From Scotland

Shetland archipelago may want to do its own thing if Scotland gains independence

(Newser) - As the world watches to see what happens after Scotland's vote for independence from the UK today, one group of Scots may be considering alternative future plans—to break away from Scotland. If Scotland's "yes" campaign wins out, First Minister Alex Salmond shouldn't necessarily bank on...

Oil Tanker 'Vanishes' With $100M Cargo

Kurdish ship carries crude that may legally belong to Iraq

(Newser) - The US Coast Guard has lost track of a Kurdish tanker carrying $100 million in disputed oil off the coast of Texas, the Independent reports. Headed for Galveston, the United Kalavyrvta was anchored at least 60 miles off-shore when it vanished from radar screens. The ship's haul fell under...

Obama Approves Sonic Gun for East Coast Oil Search

Eastern Seaboard will be open for exploration in 2018

(Newser) - The Obama administration is opening the Eastern Seaboard to oil exploration for the first time in decades, it announced today, and it's approving the use of a controversial sonic cannon in the effort. Companies will be able to apply for permits from Delaware to Florida in 2018, when the...

In 40-Year First, US Paves Way for Oil Exports

Administration allowing two firms leeway on 1970s ban

(Newser) - Since the 1970s, the US has largely banned the exporting of unrefined oil. But the rules put in place after that decade's Arab oil embargo are changing: The Commerce Department is allowing two companies to export condensate, a form of ultralight oil that can be turned into gasoline, diesel,...

Exxon Valdez Happened 25 Years Ago—but Isn't Over

Marybeth Holleman: We must 'stop using so much oil'

(Newser) - Today marks a rather ominous anniversary: Twenty-five years ago, Alaska's Prince William Sound was devastated by more than 11 million gallons of crude oil that poured into it compliments of the Exxon Valdez. Writing at CNN , Marybeth Holleman argues that "was" implies an end that has yet to...

EPA's New Rule Will Make Gas Pricier, Earth-Healthier

Oil refiners will need to cut gasoline's sulfur content some 60%

(Newser) - The Environmental Protection Agency is today putting in place a new rule to drastically cut sulfur from gasoline, a measure it says will ultimately save lives, the New York Times reports. Sulfur in gasoline renders vehicle pollution control systems less effective, boosting smog-causing emissions associated with heart and lung disease,...

Keystone Alternative Will Kill 6 People a Year: Report

Oil trains would cause fatalities, says State Department analysis

(Newser) - An alternative to the Keystone XL pipeline could pose a danger of its own, according to a State Department analysis. If, instead of the pipeline, trains were used to transport 830,000 barrels of oil per day, the vehicles could cause six new railroad fatalities and 49 additional injuries per...

Protesters Climb Western Europe's Tallest Building

London Shard demonstration is Greenpeace effort against Shell

(Newser) - Greenpeace is taking its case against Arctic oil drilling to the skies. Demonstrators are climbing the tallest building in western Europe, London's 87-story Shard, to make their point. Safety personnel and police are watching after the team of six women began ascending the building via the roof of a...

Oil-Soaked Birds Turn Up in Arkansas Spill

Smell permeates town as Keystone debate rages

(Newser) - Ten surviving "oiled ducks" and two dead ones have turned up following a pipeline leak in Arkansas , Exxon Mobil says. "I'm an animal lover, a wildlife lover, as probably most of the people here are," says a local judge. "We don't like to see...

Obama to Unveil $2B Energy Research Plan

He'd shift revenue from oil and gas leases to pay for it

(Newser) - President Obama wants to get the country off of fossil fuels—using the oil companies' own money. President Obama will today unveil a plan to pump $2 billion into alternative energy research over the next decade, diverting the money from federal oil and gas leases, the New York Times reports....

New Gulf Leases Could Yield 1B Barrels of Oil

38M acres set for auction

(Newser) - The US is nearly ready to auction off oil and gas drilling leases for up to 38 million acres in the Gulf of Mexico—an area which could yield some 1 billion barrels of oil and 4 trillion cubic feet of natural gas, the Wall Street Journal reports. The March...

Shell Drilling Ship Runs Aground off Alaska

Ship is carrying 150K gallons of diesel

(Newser) - Royal Dutch Shell's foray into Arctic offshore drilling has suffered a serious setback after one of its two Alaskan drilling rigs ran aground off a small island while trying to escape a fierce storm. The Kulluk drilling ship grounded last night on rocks off the southeast side of Sitkalidak,...

Dodgers Pitcher Sues Over Endangered Ocelots

Josh Beckett says pipeline builder destroyed its habitat on his land

(Newser) - Los Angeles Dodgers pitcher Josh Beckett is suing a pipeline builder, claiming it destroyed the habitat of the endangered ocelot on his huge South Texas ranch. The lawsuit filed by the pitcher's Beckett Ventures Inc. says Eagle Ford Midstream LP violated the federal Endangered Species Act by clearing land...

Iran: We Stopped Hack on Oil Rigs

Cyberattack blamed on Israel

(Newser) - Iranian oil platforms' communication networks have been hit with an attempted cyberattack—but the country's tech experts have managed to deflect it, says an official. "This attack was planned by the regime occupying Jerusalem"—not-so-subtle code for Israel—"and a few other countries," says the...

Blasts, Fire Rock California Oil Refinery

Residents ordered to stay indoors in SF Bay Area

(Newser) - Explosions tore through a Chevron oil refinery as it erupted in flames yesterday, driving toll takers from the Richmond Bridge and San Francisco Bay Area residents indoors. At least two fires were triggered when a diesel leak exploded at the Richmond refinery, one of the largest in the nation, reports...

New UAE Pipeline Bypasses Gulf

Move makes Strait of Hormuz closure less of a threat

(Newser) - The United Arab Emirates has officially opened a pipeline that gives the oil-exporting Persian Gulf nation some protection from the Gulf's political woes. The 236-mile Abu Dhabi Crude Oil Pipeline cuts through rugged terrain to reach Fujairah on the UAE's Indian Ocean coast, reports the BBC . The pipeline...

Iran: We're Building a Nuclear Sub

Project can be used to justify nuclear enrichment

(Newser) - Iran says it has begun building a nuclear submarine—a move which conveniently gives it an excuse to enrich uranium to above weapons grade. An Iranian rear admiral announced the project in Iran's state-run Fars News Agency yesterday, and went out of his way to remind reporters that powering...

Stories 61 - 80 | << Prev   Next >>