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Proposed budget cuts of oil and gas tax allowances, more crude by rail to California, possible drilling boom in Illinois

Starr Spencer, Gary Gentile , senior editors for oil news, and Bridget Hunsucker, editor, discuss the Obama administration's proposed 2014 budget, which includes plans to cut $40 billion in oil and gas company tax allowances, California refiners to see more crude by rail to meet increasingly stringent state "carbon intensity" environmental guidelines, and how Illinois may be on the verge of renewed oil drilling boom.

This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.

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