BP miscalculation makes for one costly mistake

By Freedom Newspapers It certainly looks as if BP miscalculated when it came to how often it needed to perform maintenance on a pipeline leading from the oil field at Prudhoe Bay on the North Slope of Alaska. As Severin Borenstein, of the Energy Institute at the University of California-Berkeley said, that’s an internal BP […]

Proposal would convert bases into oil refineries

By Marlena Hartz: CNJ staff writer A state representative from Pennsylvania is trying to turn BRAC-list military bases into oil refineries. Though Cannon Air Force Base may be an ideal spot for a refinery according to his criteria, he never suggested oil come specifically to Cannon, said Derek Karchner, communication director for Rep. Joe Pitts, […]

AAA: Gas prices will increase this week

Staff and wire reports Crude-oil prices spiked to a new high Tuesday, as traders grew increasingly concerned about the amount of damage Hurricane Katrina did to the nation’s energy infrastructure. The runup in trading prices doesn’t directly affect consumer prices, but the market’s jittery climb suggests U.S. consumers are about to see another surge in […]