Oil

A pipeline carries oil near Beaumont, Texas. (credit: Joe Raedle/Newsmakers via Getty Images)

Falling Oil Prices Raise New Concerns For States

Plummeting oil prices may add a little jingle in the pockets of holiday shoppers and travelers but are raising financial worries in some states that had been tapping into surging oil tax revenues.

12/11/2014

A sign at an Exxon gas station in Miami, Florida. (credit: Eric Thayer/Getty Images)

Exxon Sees Abundant Oil & Gas In Future

North America will be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to Exxon Mobil’s annual long-term energy forecast.

12/09/2014

Gas pump

DFW Gas Prices Falling In Time For The Holidays

As holiday shoppers look for deals the best one could be found at the gas station.

CBS 11–11/28/2014

(Photo by David McNew/Getty Images)

Oil Boom Brings New Focus To Univ. Of Texas’ Land

he University of Texas System owns 2.1 million acres of land, most of it in oil-rich West Texas where royalty payments have soared past $1 billion each year.

11/28/2014

(Photo by Chip Somodevilla/Getty Images)

Senate Democrats Reject Bill To Build Keystone XL Pipeline

The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate’s 59-41 vote Tuesday night was a nail-biter to the end.

11/18/2014

FRACK-FREE-DENTON

Denton Residents Get Ready For Fracking Legal Battles

The City of Denton said there are already two lawsuits pending against the fracking ban and more are likely to follow.

11/05/2014

Denton-Anti-Fracking

Denton Voters Approve Proposal To Ban Fracking

Voters in Denton have approved a proposal to ban fracking for oil and gas, making it the first city in Texas to do so.

11/04/2014

(Photo by David McNew/Getty Images)

Low Oil Prices Send Chills Through Oil Patch

Oil has averaged $96 a barrel over the past four years, fueling more drilling, more hiring, and bigger appetites in North Dakota, Texas, Oklahoma and elsewhere. Now oil has hit a rough patch, plunging to $80 from $107

11/03/2014

Photo Courtesy of Simon & Schuster

The Pollan Family’s Butternut Squash Soup

“The Pollan Family Table” is out now from CBS sister company Simon & Schuster. This excerpt shows their recipe for butternut squash soup with toasted pumpkin seeds.

10/28/2014

(Photo by Oli Scarff/Getty Images)

Oilman Nelson Bunker Hunt Dies At 88

Nelson Bunker Hunt, a Texas oilman who once tried to corner the silver market with his brothers only to see the move end in financial disaster, has died.

10/21/2014

(credit: Gareth Fuller - WPA Pool/Getty Images)

Study: Leaky Wells, Not Fracking, Taint Water

The drilling procedure called fracking didn’t cause much-publicized cases of tainted groundwater in areas of Pennsylvania and Texas, a new study finds. Instead, it blames the contamination on problems in pipes and seals in natural gas wells.

09/15/2014

A picture shows pressure valves on a gas pipeline. (credit: Getty Images/Sergei Supinsky/AFP)

Texas Considers New Oil, Gas Pipeline Rules

The Texas Railroad Commission has proposed new rules it says will more tightly regulate the states’ network of oil and gas pipelines.

08/13/2014

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