One spillover effect of the US energy boom has been putting relatively obscure places on the map. One of those is Bakken, an oil hub in the west that some believe could challenge the Gulf Coast's prodigious crude output.
The world's largest energy consumer is producing more of its own supplies and importing less foreign oil, leading some to argue that a strategic stockpile is no longer viable.
"Tell me the case where you need it?," T. Boone Pickens said of the US's strategic petroleum reserve. Getting rid of it would save the country "one heck of a lot of money," he said.
Liberty Media bought a 27.3 percent stake in Charter Communications on Tuesday, taking advantage of a "rare" opportunity to buy a stake in the cable operator. "We're very happy" with the purchase, CEO Greg Maffei said.
Right now, China's energy-hungry economy appears more important to oil markets than instability in crude-producing countries. Yet analysts say the world's second-largest economy has less pull on market prices than it did even a few short years ago.
Gasoline prices, which have been on a near-relentless surge since late 2012, may be showing tentative signs of easing, according to an AAA report.