Chevron Posts First Loss Since 2002 As Oil Prices PlummetChevron suffered its first money-losing quarter since 2002 in the final three months of last year, as plunging crude prices chopped more than one-third from its revenue.
Santa Clara Co. Supervisors Voice Opposition To Proposed Crude Oil TrainsThe Santa Clara County Board of Supervisors unanimously approved Tuesday a resolution against a project that would bring trains carrying oil through the county.
Refineries To Ship Even Dirtier Tar Sands Oil Into Bay Area; Fracked Crude By Rail Gets Too PriceyIt’s an unexpected consequence of the drop in oil prices. Trains carrying explosive fracked crude oil from North Dakota are no longer rolling through our neighborhoods. Crude by rail has become too expensive.
Cheap Gas Likely To Last Next 20 Years As Global Oil Prices Continue PlummetingCalifornia continues to have the highest prices among all 50 states with $3.20 per gallon -- $ .80 above the national average -- but it's starting to come back down thanks to a drop in the price of crude oil globally.
Bay Area Crude Oil-By-Rail Shipments Halted After Price Per Barrel Drops SharplyThe low price of oil has has prompted an energy company to halt the transportation by rail of Bakken crude through the Bay Area.
Crude Oil Train Derailment In West Virginia Sends Tanker Into River, Sparks FireA train carrying crude oil derailed in southern West Virginia on Monday, sending at least one tanker into the Kanawha River and sparking a house fire, officials said.
Emergency Plans Stall Out For Trains Transporting Bakken Crude Oil In The Bay Area, Part 3 Of 3As more and more Bakken crude oil is expected to be transported by railroad through the Bay Area, officials want to implement emergency plans in case of a derailment. But those plans are stalling out.
Bay Area Gas Prices Fall 26 Cents Per Gallon; Poised To Drop Even Further By New YearAverage gas prices fell 24 cents in California last month and further in the Bay Area, continuing a downward trend seen across the country, according to the American Automobile Association's Northern California chapter.
Gov. Brown Approves New Rules On Crude Oil ShipmentsEarlier this year, KPIX 5 reported on crude oil being brought into the Bay Area by rail. Until now, companies haven’t been required to give cities a heads up, but that’s about to change.
New Safety Rules Proposed For Oil Rail Tanker Cars That Carry Explosive, Fracked CrudeThousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.
Valero's Oil-By-Rail Report Minimizes Risk, Alarms Benicia Residents A new report puts into writing a plan for Valero to bring two trains per day of crude oil in and out of its Benicia refinery.
Oil-By-Rail Safety Report Says California Needs More Inspectors, New Technology To Prevent DerailmentsThe California Public Utilities Commission and the state’s Interagency Rail Safety Working Group have come up with recommendations to ensure that the state's rail network is up to the task as the amount of crude oil that's shipped into the state by rail is expected to rise substantially in the near future.