Oil and Gas

11:18am

Mon February 27, 2012
The Two-Way

TransCanada To Begin Work On One Portion Of Keystone Pipeline

After a proposal to build an oil pipeline from Canada to Texas was denied by the Obama administration, TransCanada says it will start building the Oklahoma-to-Texas portion of the Keystone XL pipeline.

If you remember back in January, the administration told TransCanada to reapply for a permit on the 1,700 mile pipeline when it had plans to avoid the environmentally sensitive Sandhills of Nebraska.

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1:57pm

Sun February 26, 2012
U.S.

What Happens If The Keystone XL Pipeline Isn't Built?

Originally published on Mon February 27, 2012 5:56 am

A mock oil pipeline near Cushing, Okla.
Brent Baughman/NPR

Part two of a two-part series on the Keystone XL pipeline

Gas isn't like a rare bottle of wine that fetches a high price just because it's rare. But at the same time, no one can agree what drives gas prices. Demand for gasoline in the U.S. is at its lowest point in more than a decade; domestic oil production is at an eight-year high.

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4:16pm

Wed February 22, 2012
Environment

Group Proposes Truce in Western Slope Drilling Battle

In western Colorado, there’s a new twist in the battle over plans to open up a scenic area near Carbondale to oil and gas drilling as a local conservation group has now offered to pay several companies not to develop leases they hold in the area.  

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4:53pm

Tue February 21, 2012
The Two-Way

Americans Shell Out More At The Pump For Gasoline

A gas pump in Portland, Oregon.
Rick Bowmer AP

Drivers are reaching deeper into their wallets to pay for gas and some parts of the country are paying more than others. AAA's Daily Fuel Gauge Report finds the national average cost of a gallon of unleaded gas today is $3.57. But that same gallon of gas can cost as little as $3.04 in Wyoming or a full dollar more in California, at $4.02.

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1:13pm

Tue February 14, 2012
Middle East

Iran Can Disrupt Key Waterway — But For How Long?

The USS Abraham Lincoln sailed from the Persian Gulf through the Strait of Hormuz on Tuesday. This photo was taken from the bridge of the aircraft carrier and shows U.S. aircraft parked on its flight deck. In the background, a U.S. destroyer patrols.
Hassan Ammar AP

The dispute over Iran's nuclear program has again rocked oil markets. And Iran is threatening to close the Strait of Hormuz, which is just 34 miles wide yet serves as the passageway for 20 percent of the world's oil.

This is not a new drama. In fact, it was a recurring issue in the 1980s. Still, there's been relatively little activity among Gulf oil producers to find alternative routes to get their oil to market.

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