What Does ‘Keep It In the Ground’ Really Mean? Read This.
In 2010, Molly Eagen gave herself a challenge: For 100 days the Minneapolis resident would try to live without oil . Eagen, an architecture student at the time, took the Continue Reading
U.S. oil industry bankruptcy wave nears size of telecom bust
The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week’s Continue Reading
U.S. energy CEOs ready for new drilling as oil prices plot upward path
After cutting spending and staff levels to the bone, U.S. oil executives say they are getting ready for new drilling projects as a 50 percent increase in crude prices since Continue Reading
Devon Energy raises 2016 oil output forecast
Devon Energy Corp’s ( DVN.N ) oil output exceeded its expectations by 5,000 barrels per day in the first quarter, the company said on Tuesday, prompting it to raise its Continue Reading
Alberta Fires Force Evacuation as Suncor Cuts Oil-Sands Output
Alberta’s largest-ever evacuation from a wildfire has forced tens of thousands people to flee Fort McMurray and prompted Suncor Energy Inc. to reduce output in Canada’s main oil-sands region. Oil Continue Reading
North Dakota Official Exalts Oil Boom “Is Coming Back With A Rush”
North Dakota’s top oil regulator sent out a message the other day to the leaders of Williston: Get Ready. “This is going to come back pretty hard and pretty rapidly,” Continue Reading
Oil Bulls Bet the Waning U.S. Shale Boom Will Curb Global Glut
Hedge funds are rooting for a quick collapse of the U.S. shale boom. Money managers turned the most bullish since May as West Texas Intermediate crude climbed to a five-month Continue Reading
Debt: The Key Factor Connecting Energy and the Economy
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not Continue Reading
Peak Fracking, Perpetually Higher Oil Prices
Six mega-trends are combining to persistently drive gasoline prices higher until price kills demand: Peak Fracking occurred in June 2015 . Since Peak Fracking, US Oil Production has decreased approximately Continue Reading
This Data Shows The Shale Debt Crisis Is Hitting Record Levels
The bankruptcies are continuing fast and furious across the energy sector. With the ill-effects spreading beyond just the oil and gas business — evidenced by major renewables firm SunEdison filing Continue Reading