Oil and Gas

3:51pm

Thu March 15, 2012
Business

Shell Picks Pittsburgh Area For Major Refinery

Shell Oil plans to open a major new oil refinery, which would convert ethane into more profitable chemicals, in the Pittsburgh area.
Kevork Djansezian Getty Images

Shell Oil Co. has chosen a site near Pittsburgh for a major, multibillion-dollar petrochemical refinery that could provide a huge economic boost to the region.

Dan Carlson, Shell's general manager of new business development, said Thursday that the company signed a land option agreement with Horsehead Corp. to evaluate a site near Monaca, about 35 miles northwest of Pittsburgh.

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1:09pm

Tue March 13, 2012
Transportation

Gasoline Prices Lowest in Denver

UniSouth WikiMedia Commons

The average price for a gallon of regular unleaded gasoline is at $3.81 according to the Lundberg survey. Denver has the cheapest prices at $3.36 a gallon. 

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7:27am

Mon March 12, 2012
It's All Politics

Monday Political Grab Bag: Rising Gas Prices Hurt Obama's Ratings Etc

Some voters believe President Obama has the power to lower gas prices and are blaming him for higher costs.
Gene J. Puskar AP

Rising gas prices have many voters looking for someone to blame and President Obama appears to be as good a target as anyone, a new Washington Post/ABC News poll suggests, with the president's approval rating falling from 50 percent last month to 46 percent recently.

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6:20am

Mon March 12, 2012
The Two-Way

Report Shows Drop In U.S. Oil Imports

Originally published on Tue March 13, 2012 5:53 am

The White House will unveil a report today showing that U.S. dependence on foreign oil imports has dropped by more than two million barrels a day since President Obama took office.

The report shows U.S. imports at 8.4 million barrels a day last year from 11 million barrels a day in 2008. As a percent of all U.S. consumption, foreign imports went from 57 percent down to 45 percent in the same period, the report says.

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10:01pm

Sun March 11, 2012
Looking Up: Pockets of Economic Strength

Jobs Abound In Energy Industry's New Boom Time

Originally published on Wed November 28, 2012 3:47 pm

Oil workers on a drilling rig owned by Chesapeake Energy in Ohio. Students are flocking to the energy field.
Gus Chan The Plain Dealer/Landov

Part of a series

Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.

New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.

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