1. KEYSTONE XL
Greens fume at State's bet on oil sands as the new Bakken
The State Department softened some of its sunniest growth predictions for Canadian oil sands by rail in its final environmental review of Keystone XL -- but greens still warn that only analysts in rose-colored glasses could see trains as a viable substitute for the pipeline.
Facing hard-to-get oil, Russia seeks U.S. help
The record-breaking budget behind the flashy 2014 Winter Olympics in Sochi sends a clear message to the world: In Russia, go big or go home. The same motto could apply to the country's oil and gas sector, which is dominated by a few companies including OAO Gazprom, OAO Lukoil and OAO Rosneft. But as these oil giants eye complex unconventional crude reserves and deepwater Arctic oil fields, they may need help from U.S. explorers who have traditionally shied away from Russia's notoriously insular energy sector.