Surpassing the BP Gulf spill fine by $1 billion, the settlement covers multi-state environmental sites. While levied on Anadarko Petroleum, the chemical contamination was the fault of subsidiary Kerr-McGee Corp., which Anadarko purchased in 2006.
Apr 5, 2014 The Wall Street Journal - Business
A $226 million contract to build 32 higher speed diesel locomotives, capable of reaching 125 mph, was awarded to the team of the German conglomerate, Siemens AG and Indiana-based engine maker Cummins, Inc over Peoria, Ill. based Caterpillar, Inc.
Mar 4, 2014 The Wall Street Journal - Business
Crude oil may be flammable, but until recently was not thought to be explosive. However, three recent oil train explosions all involving crude oil from the Bakken formation have prodded investigators to determine why Bakken crude is more explosive.
Jan 8, 2014 The Wall Street Journal - Business
With many oil pipelines stalled due to popular opposition and/or regulatory hurdles (e.g. Keystone XL and Northern Gateway, or even refineries opting for more flexibility) there seemed to be no end to the growth in moving oil by rail...until now.
Dec 12, 2013 The Wall Street Journal - Business
Two transportation experts, Ken Orski, editor of Innovation Briefs and Joshua Schank, CEO of the Eno Center take opposing sides on whether it makes sense for the federal government to invest in high speed rail in this Wall Street Journal exclusive.
Sep 26, 2012 The Wall Street Journal - Business
Petroleum products are defined as refinery products, such as fuel. The U.S. passed a threshold in November. The EIA recorded 689.4 million barrels of oil refinery products imported and 753.4 million barrels exported in the first 9 months of 2011.
Dec 18, 2011 The Wall Street Journal - Business
Wounded but far from dead, the WSJ examines the many problems plaguing California's formidable HSR project. With federal funding likely to be pulled by House Republicans, the Journal reports on the courses the project could take.
Oct 18, 2011 The Wall Street Journal - Business
Half the oil in the Persian Gulf has been pumped out of the ground - so has 'peak oil' been reached? Notably, that term doesn't even appear in the article. Instead, it discusses the difference between light and heavy oil, and the role of technology
May 25, 2011 The Wall Street Journal - Business
AASHTO is pitching a replacement of the current fed excise fuel taxes with sales taxes - initially revenue neutral, but would increase with inflation, unlike stagnant excise taxes last increased in 1993. In 6 years, might raise an extra $43 billion.
Oct 17, 2010 The Wall Street Journal - Business