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oil rig

Oil makes biggest monthly jump since 2009

Reuters reports that crude oil rose sharply on the last trading session of February, posting its first monthly gain since June. Brent crude LCOc1 rose $2.53 to $62.58 a barrel. February’s 18 percent gain was the biggest monthly percentage rise since May 2009. The Wall Street Journal reports that the oil-field services company Baker Hughes […]

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Big difference between crude, ethanol train crashes

Something amazing happened in the aftermath of the ethanol train derailment in Iowa. No fish died. At least none that we know of. Environmental officials in the state probably feared the worst after eight cars spilled ethanol following the Feb. 4 derailment north of Dubuque. The Associated Press quoted state Department of Natural Resources spokesman […]

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Film asks U.S. to PUMP down the oil volume

“What can you expect from a movie that’s produced by a group whose advisers include a former CIA director, a onetime Shell Oil Co. president and a man who once headed the Rockefeller Foundation? If you answered, ‘a spirited defense of America’s oil industry,’ guess again.” Read the full story by Rudy Herndon of the Moab […]