After The Bell: Oil Prices Plunge On Rise In Domestic InventoriesOil prices plunged more than 5 percent on Wednesday, testing three-month lows, after U.S. crude inventories rose much more than analysts expected.
BP Whiting Investigating Oil Found Outside Refinery PipelineCrews at the massive BP refinery in Northwest Indiana are mopping up after the discovery of a small amount of oil near a pipeline valve.
New Rules Proposed As 5-Year Anniversary Of Oil Spill NearsAlmost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.
Defying GOP, Obama Vetoes Keystone XL Pipeline BillDefying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.
EPA: Keystone XL's Climate Impacts Need To Be RevisitedWith the recent dip in oil prices, the Environmental Protection Agency wants the State Department to "revisit" how much of a toll the Keystone XL oil pipeline would have on global warming.
BP To Sell Part Of Its Gulf Of Mexico Stake To ChevronBP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.
Both Sides In Keystone XL Debate Bend FactsLet's check some of the claims about the pipeline as a bill approving it heads toward likely passage by the Republican-led Senate and a veto by President Barack Obama.
The Pollan Family Table's Butternut Squash SoupThe Pollan Family Table is out now from CBS sister company Simon & Schuster. This excerpt shows their recipe for butternut squash soup with toasted pumpkin seeds.
Chicago Gasoline Prices Spike To Highest Levels In Six MonthsGasoline prices in Chicago are at their highest levels in six months.
Obama Tours Argonne National Laboratory, Proposes $2B In ResearchThe president spent time Friday at several stations at the facility that research how cars use energy.
CBS Local Presidential Forum: Obama/Romney: Duke It Out Over Energy And Health CareThe two presidential candidates were asked a question by CBS Local about Obamacare vs. Romneycare and asked them to talk about the similarities or differences between the two plans.
CBS Local Presidential Forum Obama/Romney: Square Off Over Education and EnergyToday on the CBS Local forum, Romney and Obama were asked: What will you do to make the U.S. more energy independent?
Opinion: Gas Prices Are The Government and Obama’s FaultAmericans continually hear that the president of the United States can do nothing about gas prices. John Hofmeister says that isn’t true. The doubled gas prices could have been avoided but no one in a political position who can do anything about the prices wants to do anything.
Expert: High Oil Prices May Not Mean Higher Gas PricesOil has been trading above $100 a barrel for the first time since July, but a local expert doesn’t think that will translate into significantly higher prices at the pump.
Gas Prices May Drop To $3.50 A GallonThere's one positive side to the turmoil in the financial markets. Experts say gas prices should continue dropping for the next 90 days or so.