Xi Jinping, long distrustful of the private sector, is moving assertively to bring it to heel. China’s most powerful leader in a generation wants even greater state control in the world’s Continue Reading
Just a decade ago West Texas was the very image of a thriving industry. Bobbing pumpjacks dotted the landscape as boomtowns like Midland exploded in a flurry of economic activity Continue Reading
The shale revolution may have made the United States and the world’s largest natural gas producer, but it has failed to make the biggest U.S. shale gas drillers any richer. Continue Reading
Cash prices in the US Northeast fell in Dec. 10 trading as weather forecasts called for more mild temperatures over the next two weeks, extending an already bearish trend for Continue Reading
The pandemic-inflicted oil demand crash and price collapse did not spare any segment of the oil industry. U.S. drillers and refiners cut oil and fuel production after demand plunged, while Continue Reading
Over the last 135 years, Exxon Mobil has survived hostile governments, ill-fated investments and the catastrophic Exxon Valdez oil spill. Through it all, the oil company made bundles of money. Continue Reading
In a net-zero future, there would be almost no power plants with uncontrolled emissions. But at the start of this year’s presidential campaign, way back in the spring of 2019, Continue Reading
Applications for U.S. unemployment benefits surged last week, topping estimates with the highest level since September, suggesting that widening business shutdowns to curb the pandemic are spurring fresh job losses. Initial Continue Reading
U.S. taxpayers netted less than $50,000 on Thursday in bids for oil and gas leases in California as the Trump administration held the first federal drilling auction since 2012 in Continue Reading
Joe Biden just picked one of his most important — if unheralded — Cabinet members when it comes to enacting his agenda on climate change. Tom Vilsack, who ran the Continue Reading
