The upshot is that low oil prices aren’t something to celebrate. Over time, long investment horizons tend to generate boom and bust cycles in oil production and prices. But if prices remain low for too long, that will hurt efforts to address climate change, especially in the U.S., where citizens largely oppose raising oil taxes.
Archive for year: 2015
Some of the most respected investors around are sounding dire warnings on the implications of low oil prices for the energy industry.
Most people don’t give much thought to where their garbage goes once it’s in the trash. But an innovative new facility might give Edmontonians a reason to pay attention − maybe even brag.
Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year.
The hard question to answer however and one that nobody has gotten right in a very long time is: When will prices find a floor and start to trend up again?
We hope you’re enjoying cheap gasoline for the holidays. Because the party will end sooner or later, and the hangover will be a doozy.
Natural gas is abundant and cheap in the United States, and we should be using more of it for our transportation needs, Fuel Freedom co-founder and chairman Yossie Hollander said on Fox News’s “America’s Newsroom” on Friday. “Everybody talks about the oil and gas industry, but we’re using only the oil,” he said.
Islamic State is looking at potentially vulnerable oil assets in Libya and elsewhere outside its Syria stronghold, where the militant group controls about roughly 80 percent of the oil and gas fields, a senior U.S. official said.
A Canadian start-up company bottling fresh air from the Rocky Mountains has seen sales to China soar because of rising pollution levels.
Goldman Sachs sees further weakness for oil due to the worsening of already weak fundamentals after OPEC held back from cutting production at its recent meeting.