-
+14 +1
Who's afraid of $50 oil? (Answer: Canada's oil industry)
Oil's month-long slide below $50 a barrel could spur another leg down for Canada's oil industry. In the next few weeks, companies will start planning next year's budgets in earnest. Current commodity prices mean more hard decisions on jobs and spending could be on the way.
-
+18 +1
The Price of Oil Is at a Six-Year Low, So Why Is So Much of It Being Pumped?
The slide has prompted fears the market may be oversupplied with oil. In some sense, the story is the same as when oil prices first started falling last summer: one of increased supply, paired with a slow recovery (America) and a slowdown (China) in oil-guzzling economies.
-
+17 +1
How to Assess the Recent Drop in Crude Oil Prices
Crude oil prices in the United States fell to their lowest level in six years on Tuesday (August 11). This is causing hardships in oil exporting countries, but it is a welcome relief to American drivers who are spending less money at the pumps. Robert Stavins, Albert Pratt Professor of Business and Government and director of the Harvard Environmental Economics Program, offers his perspective on the impacts of falling oil prices in this Q-and-A.
-
+22 +1
The Troubled Oil Business
Hitting peak oil will come faster than any of us think. But don’t blame dwindling supply - it’s all about disappearing demand.
-
+21 +1
OPEC's ‘Fragile Five’ Face Rising Cost in the Fight for Oil Market Share
Crude's at a six-year low and the political risks are mounting
-
+25 +1
Big Oil That's Making a Killing
Oil is cheap and gasoline is expensive. That's the ticket to riches if you are in huge swathes of the energy business. Don Pittis says stop weeping for downstream oil.
-
+23 +1
Oh no! 1,000 sq miles of England to be opened up for fracking
Large areas of Yorkshire, north-west and east Midlands earmarked for oil and gas exploration as government announces it will offer licences for 27 new sites
-
+22 +1
Russian Ruble Collapses to 7-Month Low
The Russian ruble has plunged 2.3 percent to hit a seven-month low amid a further drop in oil prices, the country's key export.
-
+21 +1
California Oilfield Operators Refuse To Report Water Usage, In Violation Of The Law
How much water does California’s oil and gas industry actually use? We still don’t know, despite a 2014 law signed by Governor Jerry Brown that went into effect this year requiring companies to report on all water produced, used and disposed of by oilfield operations.
-
+23 +1
A Broken Well Has Been Leaking Oil Into The Gulf Of Mexico For The Last 10 Years
According to U.S. government estimates obtained by the AP, if left unchecked, the Taylor Energy leak could continue to spill oil into the Gulf for at least another 100 years.
-
+26 +1
EXPOSED! Seismic blasting in the Arctic
-
+15 +1
Exxon's Own Research Confirmed Fossil Fuels' Role in Global Warming Decades Ago | InsideClimate News
At a meeting in Exxon Corporation's headquarters, a senior company scientist named James F. Black addressed an audience of powerful oilmen. Speaking without a text as he flipped through detailed slides, Black delivered a sobering message: carbon dioxide from the world's use of fossil fuels would warm the planet and could eventually endanger humanity.
-
+39 +1
Drilling for Arctic oil is not viable yet, says IEA chief
International energy watchdog’s new head, Fatih Birol, warns of costs and technological challenges but stops short of recommending an outright ban
-
+38 +1
Why the US hides 700 million barrels of oil underground
The world’s superpowers store an enormous stockpile of oil in secure caverns and tanks around the world. So why can’t we use it?
-
+32 +1
Iran earns more from tax than oil for first time in almost 50 years
The Iranian government is earning more from tax than oil for the first time in almost half a century as the country shifts its traditional reliance on crude to taxation revenues in the face of plummeting oil prices. President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically, according to Ali Kardor, the deputy managing director of the national Iranian oil company.
-
+45 +1
BP to pay $20bn over Deepwater Horizon oil spill in Gulf of Mexico
BP has agreed to pay out more than $20bn in compensation for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The Justice Department and five US states finalised the deal that will settle all civil claims against the British energy giant and ends five years of legal fighting over the nearly 134m-gallon spill.
-
+24 +1
Isis Inc: how oil fuels the jihadi terrorists
In the outskirts of al-Omar oilfield in eastern Syria, with warplanes flying overhead, a line of trucks stretches for 6km. Some drivers wait for a month to fill up with crude. Falafel stalls and tea shops have sprung up to cater to the drivers, such is the demand for oil. Traders sometimes leave their trucks unguarded for weeks, waiting for their turn.
-
+38 +1
Russia, Turkey trade charges: Who bought oil from ISIS?
Russian military officials laid out Wednesday what they say is "hard evidence" that Turkey is involved in an oil trade with ISIS, offering more detail on earlier claims that Turkish President Recep Tayyip Erdogan has flatly denied. "We presented evidence how the illegal oil trade is carried out to finance the terrorist groups," Russian Deputy Defense Minister Anatoly Antonov said, as reported by state-run Sputnik news. "We know how much Erdogan's words are worth."
-
+43 +1
Manslaughter charges dropped in BP spill case—nobody from BP will go to prison
In April 2010, the Deepwater Horizon oil rig exploded and began spewing oil into the US Gulf Coast. In all, this released some 134 million gallons of crude over a span of almost three months. Eleven workers were killed in the nation's worst offshore oil spill. Today, federal prosecutors moved—and a judge agreed—to drop manslaughter charges against two supervisors aboard the Deepwater Horizon when it exploded.
-
+6 +1
New Jersey gas station keeps price at $3.98, despite $1.79 price across the street
Residents of a New Jersey town are questioning why a gas station is charging $3.98 per gallon while other area stations -- including one across the street -- price gas at $1.79. The Lukoil station in Voorhees has kept the $3.98 price since at least August, despite stations including the Citgo located directly across the street selling regular unleaded for $1.79 per gallon.
Submit a link
Start a discussion