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Texas officials go after Exxon Mobil in well sabotage case A pair of elected officials in Texas is going after Exxon Mobil, a name synonymous with the state, for allegedly stuffing abandoned oil wells with piles of junk, sludge and tools so other companies could not drill in the same places. Topix.netCrude prices rise as the dollar weakens The effect of the weak dollar is again pushing oil prices higher in the face of little demand for energy and huge surpluses of crude. Houston ChronicleCaltex profit balloons to $298m OIL refiner Caltex Australia has posted a 52 per cent rise in first half net profit due to wider refiner margins, but says it expects the second half to be challenging. Topix.netCourt: Apex must complete $150M clean-up Apex Oil Co. of Clayton remains on the hook for a $150 million clean-up of a former refinery site in Hartford, Ill. Biz JournalStudy: Speculators dominate oil futures The federal government should tighten policies to rein in oil speculators, a Rice University policy paper recommends. Biz JournalFX Energy to abandon Ostrowiec-1 well, shares fall FX Energy Inc. on Thursday said it stopped drilling operations at the Ostrowiec-1 wildcat well, which it plans to plug and abandon because it encountered high pressure nonflammable nitrogen gas and lost circulation while coring the target reservoir. Topix.netRenewable Energy Needs Land, Lots Of Land Pending climate and energy legislation puts a lot of stock — and money — into switching from fossil fuels, like coal and oil, to renewable energy such as wind, solar and ethanol. But some new analysis by environmental experts shows that alternative energy comes with some stiff penalties. For example: Energy Sprawl. NPR |
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