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"Gasoline futures surged on Wednesday to a two-year high while crude oil was down, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of U.S. refinery capacity, curbing demand for crude while raising the risk of fuel shortages."

"The Federal Energy Regulatory Commission has approved construction of a high-pressure pipeline that will carry natural gas from the shale fields of Appalachia, across northern Ohio and into Michigan and Canada, a decision likely to be a death blow for project opponents concerned about safety and property rights."

"Even as the floodwaters continue to rise in East Texas, it's clear that Hurricane Harvey will force a new reckoning over major energy and climate policy questions."

"Oil and gas producers might have a harder time breaking even in shale plays containing federally controlled land, but that may have little to do with the regulatory and permitting burdens associated with extracting hydrocarbons from public acreage, energy researchers say."