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.
Exxon says fourth-quarter earnings rose 6 percent to $9.95 billion with help from higher profit margins in its refining business.
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.
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.
Retail gasoline prices across Texas have slipped 2 cents this week to settle at $3.14 per gallon.
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.
Retail gasoline prices have taken a tumble this week across Texas.
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.
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.
Today on the CBS Local forum, Romney and Obama were asked: What will you do to make the U.S. more energy independent?
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.
Oil tycoon T. Boone Pickens and his fourth wife, Madeleine, are filing for divorce.