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Nine Uncomfortable Canadian Energy Facts
Nine Uncomfortable Canadian Energy Facts We’re not cutting emissions as much as we should, and we’re dependent on an increasingly expensive source of oil. Canada’s energy twilight: Canada can’t meet emission targets and expand bitumen or shale gas production at the same time, according to energy expert David Hughes. Photo by Jeff Peischl/NOAA. Canadians are […]
The Biggest Oil Story Of 2017
The Biggest Oil Story Of 2017 There have been plenty of eye-catching stories in the energy industry this year, but one notable development has been the rise of the U.S. as a crude oil exporter. The ban on crude exports from the U.S. was lifted at the end of 2015, and exports ticked up in […]
Peak Oil: Just A Distraction Pt 3
Peak Oil: Just A Distraction Pt 3 … [T]here is no intellectually honest way to believe that the world can continue its near-total reliance on fossil fuels for much more than another decade — a paltry window of opportunity. We also know that we cannot wait until they go into decline before reaching for renewables […]
The Oil Crash Of 2016 Has The Big Banks Running Scared
The Oil Crash Of 2016 Has The Big Banks Running Scared Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis. Since the start of 2015, 42 North American oil companies have filed for bankruptcy, 130,000 good paying energy jobs have been lost in the […]
Bypassing Big Oil’s Alliance with Government
Bypassing Big Oil’s Alliance with Government New Orleans Environmental Attorney Creates ‘Shadow Agency’ In his almost 30-year career as an advocate for environmental justice, Louisiana attorney Stuart Smith has fought many of the biggest energy companies in the world and has come away victorious in his fair share of cases. Smith tells the stories behind these cases […]
The Latest Casualty In Energy’s Hardest Hit Industry
The Latest Casualty In Energy’s Hardest Hit Industry Another coal company bites the dust. Again. Patriot Coal, a miner of coal in several Appalachian states, filed for Chapter 11 bankruptcy on May 12. Patriot said it is “in active negotiations for the sale of substantially all of the Company’s operating assets to a strategic partner.” The move […]
No Surprises: Obama’s Fracking Rules Upset Everyone
No Surprises: Obama’s Fracking Rules Upset Everyone The Obama administration’s new rules on hydraulic fracturing, or fracking, are being denounced by the energy industry as impeding a US oil renaissance and by environmental groups who call them too weak to be effective. The Interior Department and the Bureau of Land Management (BLM) drew up the […]
Oil Plunge Hits Office Market, But “So Far” No Apocalypse
Oil Plunge Hits Office Market, But “So Far” No Apocalypse “Here in Houston a number of projects have been canceled. Engineers are put on ‘hold.’ There have been some contract engineers laid off, and hiring has been suspended. Everyone is waiting for the other shoe to drop.” That’s how an engineer in the energy sector […]
Another 5,000 Victims Of The Plunge In Oil Prices
Another 5,000 Victims Of The Plunge In Oil Prices Yet another energy company is struggling to save money in the face of unexpectedly low oil prices. Weatherford International, one of the world’s largest oilfield services company, will cut 9 percent of its global workforce in the next two months to save more than $350 million […]
Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds
Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. As I write this, the price of U.S. oil is sitting at $45.76 […]
As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt
As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt Banks have been lending hand over fist to companies in the nation’s energy industry, underwriting bonds, advising on mergers, even financing the building of homes for oil workers. All of this has provided a boon to banks that have been struggling to […]
