Despite protestations to the contrary emanating from the Houston conference last week, the oil industry is facing increasingly severe difficulties.

For Russia's natural gas customers, the supplies of liquefied natural gas coming from the United States are more than welcome. They spell freedom.

A so-called agreement to limit oil production to help boost prices faded almost immediately, along with stock and oil prices, when it was realized there was no agreement after all.

The collapsing oil and natural gas prices plus the “straight line” thinking that drove Chesapeake Energy to its present precarious position is putting it at serious risk of bankruptcy.

If support for ethanol subsidies is waning in Iowa, of all places, does that spell the end of them altogether?