The New York Times’ public editor, finally weighed in on the much-criticized reporting on natural gas by DC-based Ian Urbina—and it came as a sharp and almost unprecedented rebuke of the reporting techniques and ethics of its national editor and staff. Read more »

President Barrack Obama's gamble to release 30 million barrels from the U.S. Strategic Petroleum Reserves has failed miserably. Oil took a quick hit after the news first broke on Obama's decision to make the risky play and now the prices are nearing the same numbers they were before the announcement. Read more »

Vedanta Resources Plc took another 10 percent stake in Cairn Energy Indian assets as part of an overhaul of a long-delayed deal which will cut the price tag by more than $600 million (375 million pounds). Read more »

Motorists should brace for big increases in pump prices this week, the Department of Energy said, citing the continued rise in international oil prices.

The price hikes have been estimated at P2 per liter for gasoline and over 80 centavos per liter for diesel.

As expected, transport groups are angry over the news.

They are planning to file a petition for fare hike for public utility vehicles.

"Ang problema, regulated ang fare hike, ang petrolyo deregulated kaya taas lang nang taas," Lando Marquez of 1-UTAK complained. Read more »

Nearly 400 supporters and opponents of natural gas drilling debated its safety and economic feasibility at a U.S. Department of Energy hearing in western Pennsylvania. Read more »

Two unexpected gushers in northeastern Pennsylvania are helping to illustrate the enormous potential of the Marcellus Shale natural gas field.

Each of the Cabot Oil & Gas Corp. wells in Susquehanna County is capable of producing 30 million cubic feet per day — believed to be a record for the Marcellus and enough gas to supply nearly 1,000 homes for a year. The landowners attached to the wells, who leased the well access, numbering fewer than 25, are splitting hundreds of thousands of dollars in monthly royalties. Read more »

A U.S. Department of Energy hearing on natural gas extraction in western Pennsylvania has drawn hundreds of supporters and opponents.

The hearing on the campus of Washington & Jefferson College is aimed at gathering comments about hydraulic fracturing, or fracking, a technique that has allowed energy companies to reach previous inaccessible stores of natural gas. Read more »

Oil fell to the lowest level in more than four months as data showed U.S. consumer spending stagnated last month and after the International Energy Agency said it’s prepared to release more crude from stockpiles. Read more »

A proposal to impose a levy on Pennsylvania's booming Marcellus Shale natural gas extraction will be debated on the floor of the state House of Representatives, a Republican spokesman said Tuesday June 28, 2011. Read more »