The latest round of sanctions against Russia has created a lot of uncertainty for U.S. and European oil and gas companies. They're growing concerned that another round of sanctions could target Russia's energy sector, jeopardizing Western oil companies' activities there.
California's drought has developed an interesting relationship between farmers and oilers: California oil wells produce more water than oil, and Chevron filters that water and sells it to a local water district. Interest in the technology is growing in the Central Valley, but high costs and uneasy relations between oil and agriculture might get in the way.
The Supreme Court is upholding a major EPA air pollution rule. The rule seeks to rein in pollution from power plant smoke stacks which can make the air in downwind states unhealthy. Researchers say the rule finally addresses a disconnect between the science of air pollution and the laws that had tried to clean it up.
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