Inventories at U.S. wholesalers unexpectedly fell in December following the biggest increase in more than five years, indicating distributors had trouble keeping up with demand. Benchmark crude for March delivery added 70 cents to settle at $71.89 a barrel on the Nymex. BP Plc shareholders put a resolution to the annual meeting on April 15 for a review of the risks of the company's Canadian oil sands project, following a similar protest against competitor Royal Dutch Shell Plc. As companies shut down fuel-making operations amid reduced demand, they often find other uses for some parts of their refining plants. More top stories BLOGS Former BP Chairman John Browne's just-released memoir takes on much of the blame for the 2005 Texas City refinery explosion and a 2006 oil leak on Alaska's North Slope, notes The Guardian: In the chapter aptly titled "US disasters", Browne... For the last few years folks who considered themselves climate change skeptics (or outright non-believers) liked to talk about themselves as a beleaguered band facing a vast global conspiracy perpetrating fraud. The last few months seems to have the tables... New EPA administrator "has his eyes on" Barnett drilling. Barnett shale players 'cautiously optimistic' for 2010. Quicksilver may win big in settlement. New oil/gas reserves rules like apples and soccer balls. Exxon's first Point Thomson... The last few months may have been disheartening to the environmental movement -- a weak outcome from Copenhagen, broader attention to "climategate" and then the addition of "Himalayagate." But all this clamor may have some forgetting the better environmental story... Operators at the South Texas Project nuclear power plant will begin restarting a reactor this evening that was taken off line last week because of a problem with a control rod. Unit 1 of the two-reactor power plant near Bay... Your comments The reality is that the PRO-AGW folks have received well over 10x the amount the skeptics have received. How much have various gov't given in grants?... Guvmint funds 3500 times what XOM does but only to groups who support the AGW fallacy. Using XOM as an excuse to dismiss real, peer-reviewed materials... I wonder if Browne ever got over his deep and abiding hatred of Americans?... More | Electricity | Fuel | Natural gas | Oil fields multimedia reports Exploring Mars — Shell's giant Gulf platform is back on track after Katrina. A Taste of Texas — Texas dude ranches help foreign tourists find their inner cowboy. Gas prices — What goes into the price of a gallon of gasoline?
|
|