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Ivy League Universities Pushing Oil Industry Agenda With No Accountability
Ivy League Universities Pushing Oil Industry Agenda With No Accountability Harold Hamm isn’t the kind of guy you’d expect to be name dropping Ivy League schools. Born in Oklahoma, his education ended with his graduation from high school. Which didn’t stop him from becoming a multi-billionaire by building his own oil and gas fracking company, […]
The Dismal Thing Schlumberger CEO Just Said about US Oil
The Dismal Thing Schlumberger CEO Just Said about US Oil 2016 to be brutal. Then, dreams of “potential spike in oil prices” An engineer in the oil industry, who’d sold his house in Houston and bailed out after finding work in another state, just told me this: A young civil engineer that I am working […]
Can The Oil Industry Really Handle This Much Debt?
Can The Oil Industry Really Handle This Much Debt? As the crude industry has been wrestling with low oil prices that declined by over 50 percent since its highest close at $107 a barrel in 2014, many exploration and production companies worldwide and in the U.S., in particular, have faced large shortfalls in revenue and […]
Secret files: British government courting Arab tyrants, fossil fuel interests
Secret files: British government courting Arab tyrants, fossil fuel interests Official documents show how oil and business interests trump democracy A range of official government documents released under Freedom of Information (FOI) expose how the British government is valiantly promoting democracy in the Middle East: by courting the region’s most vociferous opponents of democracy. The […]
Nicole Foss Talks Energy Industry Issues and Oil Price Collapse
Nicole Foss Talks Energy Industry Issues and Oil Price Collapse Part I- Energy Industry Issues The Doomstead Diner site blurb: Coal Industry Collapse-Carbon Sequestration One of the biggest effects we see lately is a collapse in commodity prices, through all sectors. Most intriguing to me is the collapse in coal prices, since coal is used […]
Market Meltdown Means More Pain for Oil Producers
Market Meltdown Means More Pain for Oil Producers Supply-side downward price pressure has been the story of global energy prices over the past year: newfound supply from the Shale Revolution, OPEC’s gambit of market-share grabbing inundation, and new supply coming online from Iraq and soon Iran. The result was a plunge in oil prices from […]
California Oilfield Operators Refuse To Report Water Usage, In Violation Of The Law
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 […]
Why Oil As An Election Issue Is Bad News For Canada
Why Oil As An Election Issue Is Bad News For Canada When oil becomes an election issue it is rarely good news. After Joe Clark’s minority PC government was defeated in 1979 over gasoline taxes in a budget, the subsequent Liberal administration introduced the National Energy Program. In 2008, Ed Stelmach’s Alberta PCs campaigned on […]
The Peak Oil Crisis: A $4 Trillion Hole
The Peak Oil Crisis: A $4 Trillion Hole Last week reporters at the Wall Street Journal sat down and did some arithmetic. They looked at how much oil was selling for in the spring of 2014 (over $100 a barrel); looked at what it is selling for today (under $50); and concluded that if prices […]
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers In the beginning of 2015 the biggest threat to the economy as a result of the collapse in oil prices, both in the US and worldwide, was the surge in layoffs among highly-paid energy sector job. This was confirmed in April when we showed the […]
Premiers conference could see clash over pipelines and emissions
Premiers conference could see clash over pipelines and emissions Saskatchewan Premier Brad Wall signals growing frustration with Ontario, Quebec Canada’s longest serving premier isn’t happy. Not one bit. And Brad Wall is letting some of his colleagues know it before he arrives in St. John’s for the annual meeting of the country’s provincial and territorial […]
Canadian Economy More Damaged By Oil Prices Than Expected
Canadian Economy More Damaged By Oil Prices Than Expected Canada’s oil industry has had a rough couple of months with production and exports taking a hit. Low oil prices are cutting into the profits of major producers. Producing from Alberta’s oil sands is costly and requires a high oil price to justify the expense. In […]
Oil Industry Can No Longer Ignore Climate Action
Oil Industry Can No Longer Ignore Climate Action Global momentum towards action on climate change is building in the lead up to international negotiations, set to take place later this year in Paris. With the writing on the wall, some of the largest oil companies are banding together in order not to be left out […]
Oil industry pushing for carbon tax in Alberta
Oil industry pushing for carbon tax in Alberta But if heavy emitters are going to pay, they want consumers to share the burden The biggest players in Canada’s oil and gas industry are urging Alberta’s government to step up its environmental policies and introduce a carbon tax. Alberta already has carbon pricing, but the program […]
Environmentalists Are Taking California To Court Over Illegal Oil Industry Wastewater Injection
Environmentalists Are Taking California To Court Over Illegal Oil Industry Wastewater Injection Environmentalists filed a motion requesting a preliminary injunction today in a California court to immediately stop the daily illegal injection of millions of gallons of oil field wastewater into protected groundwater aquifers in the state. Last week, Earthjustice filed a lawsuit on behalf of the Sierra Club […]
