Oil « CBS Dallas / Fort Worth

Crude Oil Railroad Shipments Triple In 2012

The amount of crude oil U.S. freight railroads hauled last year more than tripled as shale oil production surged in North Dakota and other locations.

2013/02/21

Compnay banner during an ExxonMobil annual shareholder meeting. (credit: Brian Harkin/Getty Images)

Refining Margins Boost 4Q Profit At Exxon Mobil

Exxon says fourth-quarter earnings rose 6 percent to $9.95 billion with help from higher profit margins in its refining business.

2013/02/01

Coast Guard Attempts Burning Off Oil Leaking From Sunken Rig

Feds, Transocean Reach $1.4B Deal Over Gulf Spill

The Justice Department has reached a $1.4 billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico.

2013/01/03

An oil drilling rig is seen on September 29, 2010. (credit: KAREN BLEIER/AFP/Getty Images)

Exxon: US Energy Revival Has Staying Power

Exxon says the energy renaissance in the U.S. has staying power and predicts that North America will become a net exporter of oil and gas by the middle of the next decade.

2012/12/11

In this photo illustration a man refuels his car at a gas station. (credit: Getty Images/Miguel Villagran)

Retail Gasoline Prices In Texas Slip 2 Cents

Retail gasoline prices across Texas have slipped 2 cents this week to settle at $3.14 per gallon.

2012/12/06

$Employees of an oil and gas company work on a natural gas valve at a hydraulic fracturing site. (credit: Spencer Platt/Getty Images)$

Fracking Will Help North Texas Lead The Way In American Oil Boom

Local experts say in just a few short years, the United States will produce more oil than Saudi Arabia. But, some of the technological advances that boost production are often controversial in our communities– for example: fracking.

CBS 11–2012/11/14

Texas Retail Gasoline Prices Tumble 12 Cents

Retail gasoline prices have taken a tumble this week across Texas.

2012/10/25

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

Texas Landowners Take Stand Against Big Oil

Oil has lived in harmony with farmland and cattle across Texas, a symbiosis nurtured for generations and built on an honor code that allowed agriculture to thrive while oil was extracted.

2012/10/17

President Barack Obama and Gov. Mitt Romney. (Getty Images/Luke Sharrett and Joe Raedle)

CBS Local Presidential Forum: Obama/Romney: Duke It Out Over Energy And Health Care

The two presidential candidates were asked a question by CBS Local about Obamacare vs. Romneycare and asked them to talk about the similarities or differences between the two plans.

2012/10/15

CBS Local Presidential Forum Obama/Romney: Square Off Over Education and Energy

Today on the CBS Local forum, Romney and Obama were asked: What will you do to make the U.S. more energy independent?

2012/10/12

A man pumps gas in California (Credit: FREDERIC J. BROWN/AFP/GettyImages)

Opinion: Gas Prices Are The Government and Obama’s Fault

Americans continually hear that the president of the United States can do nothing about gas prices. John Hofmeister says that isn’t true. The doubled gas prices could have been avoided but no one in a political position who can do anything about the prices wants to do anything.

2012/10/10