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Tag Archives: oil and gas industry
The Movement to Stop Fossil Fuel Development Is Winning
The Movement to Stop Fossil Fuel Development Is Winning Colorado’s high court today struck down the rights of Coloradans to enact local fracking bans. It’s no surprise, given the massive sway of the oil and gas industry in the state. The suit was brought against Longmont (which passed a popular fracking ban in 2012) by Gov. John Hickenlooper and his […]
Why Canada’s Oil Industry May Never Be the Same
Why Canada’s Oil Industry May Never Be the Same Never is a long time. The dictionary definition is, “at no time in the past or future; on no occasion; not ever.” In the volatile oil and gas industry, those who try to look that far into the future and predict anything with certainty are invariably […]
‘People should be terrified fracking is spreading’ – Australian MP who set river on fire to RT
‘People should be terrified fracking is spreading’ – Australian MP who set river on fire to RT Greens MP Jeremy Buckingham © RT Fracking should be banned as a “global threat” as it causes methane leaks contaminating water in the communities near gas wells, says an Australian MP who literally set a river ablaze to […]
Top Shale Fracking Executive: We Won’t Frack the Rich
Top Shale Fracking Executive: We Won’t Frack the Rich Fracking companies deliberately keep their wells away from the “big houses” of wealthy and potentially influential people, a top executive from one of the country’s most prominent shale drilling companies told a gathering of attorneys at a seminar on oil and gas environmental law earlier this […]
We Could Be Witnessing the Death of the Fossil Fuel Industry—Will It Take the Rest of the Economy Down With It?
We Could Be Witnessing the Death of the Fossil Fuel Industry—Will It Take the Rest of the Economy Down With It? In just two decades, the total value of the energy being produced via fossil fuel extraction has plummeted by more than half. Now $3 trillion of debt is at risk. Photo Credit: Pixabay It’s […]
This Six-Year Running Oil And Gas Trend Just Reversed Itself
This Six-Year Running Oil And Gas Trend Just Reversed Itself The U.S. Senate this week approved a bill to speed permitting of new liquefied natural gas (LNG) export facilities. Just as news from one of the world’s most important LNG consumers shows the market isn’t what it used to be. The place is Japan. Where statistics released […]
Why Are Bankrupt Oil Companies Still Pumping?
Why Are Bankrupt Oil Companies Still Pumping? A central tenet in the thesis by analysts about the oil markets rebalancing has been that as prices declined, oil companies would be forced into bankruptcy. That in turn would lead to declining production, and eventually a rebalancing of supply and demand in the market, followed by higher […]
U.S. Oil Supply To Fall Faster Than Expected
U.S. Oil Supply To Fall Faster Than Expected Key package of statistics released on U.S. oil and gas activity this week, from the national Bureau of Land Management (BLM). And one number in particular stood out. Showing how drilling activity in key U.S. plays is declining at an unprecedented pace. That figure is the number […]
For Canada’s Banks This Is “The Next Shoe To Drop”, And Why It Will Drop This Spring
For Canada’s Banks This Is “The Next Shoe To Drop”, And Why It Will Drop This Spring Roughly around the time the market troughed in early February, we asked “After The European Bank Bloodbath, Is Canada Next?” The reason for this question was simple: we said that “when compared to US banks’ (artificially low) reserves […]
Presenting, “The Company That Bribed The World”
Presenting, “The Company That Bribed The World” This won’t exactly come as a surprise: the global oil industry is corrupt. We are, after all, talking about the most financialized commodity in the history of the world, and up until a few years ago, it was controlled by a cartel comprised entirely of nations run by caricatures […]
US States Team Up to Nail Big Oil for Climate ‘Fraud’
US States Team Up to Nail Big Oil for Climate ‘Fraud’ Legal experts say oil companies could face billions of dollars in liabilities. New York Attorney General Eric Schneiderman a press event Tuesday to announce a multi-state legal probe into climate denial. At left is former US vice president Al Gore. Photo provided by the […]
Impatient Banks: A Real Red Flag For The Oil Patch
Impatient Banks: A Real Red Flag For The Oil Patch Lenders to the oil and gas industry have been extraordinarily lenient amid the worst downturn in decades, allowing indebted companies to survive a little while longer in hopes of a rebound in oil prices. But the screws are set to tighten just a bit more […]
China And India Rewrite The Rules Of The Oil And Gas Game
China And India Rewrite The Rules Of The Oil And Gas Game As the current oil price crisis leads to some game-changing upheavals in the global energy market, Asia’s two powerhouses, China and India, are taking advantage of the supply glut to rewrite the long-established rules of business. India and China have seen exponential growth […]
Big-Oil Bailout Begins as Debt Spirals Down
Big-Oil Bailout Begins as Debt Spirals Down Mexico’s proud sugar daddy becomes giant financial sinkhole. Pemex, Mexico’s state-owned oil giant, cannot seem to get a break these days. It notched up 13 straight quarters of rising losses. It now owes over $80 billion to international investors and banks. It needs to raise $23 billion this year to stay […]
Court Decision Could Accelerate Oil And Gas Bankruptcies
Court Decision Could Accelerate Oil And Gas Bankruptcies Oil and gas data experts Evaluate Energy showed yesterday that U.S. E&Ps took a huge hit in 2015. With the value of total proved reserves in the sector declining by an astounding $515 billion dollars. The chart below shows just how great the damage is, compared to […]
