The end of the oil age
Decades hence, 2015 might well be seen as the year the oil era entered the phase of terminal decline.
Decades hence, 2015 might well be seen as the year the oil era entered the phase of terminal decline.
Sitting in a barren parking lot under gray skies, Chevy’s new Bolt electric car doesn’t seem like a game changer. But looks can be deceiving.
Americans are eating, smoking and drinking away their savings from cheap gasoline, and if that’s not great news for their doctors it’s handing windfall revenue to companies from Monster Beverage Corp. to tobacco giant Altria Group Inc.
TransCanada Corp. says it will initiate a claim under the North American free-trade agreement and seek more than $15 billion in damages in response to the U.S. government’s decision to deny a permit for the controversial Keystone XL pipeline.
Picture this.
You’re driving down the road and you notice your tank is almost empty — time to fill up. Read more →
If low oil prices are a gift to U.S. consumers, why isn’t the U.S. economy growing faster?
The average U.S. household has saved an estimated $700 this year because of lower gas prices. And drivers can expect more savings in 2016.
Some analysts say the tensions in the Middle East are more likely to prompt the Saudis and Iranians to boost output in an already saturated global market.
What we are seeing today in the oil market is no less than war to the death between Saudi Arabia and the North American oil industry, Gal Luft, co-director of the Institute for the Analysis of Global Security (IAGS), a Washington based think tank focused on energy security, believes.
The effects of the fall in the oil price are still only beginning to work through. All we have seen so far is the prologue to what are likely to be more dramatic events in 2016.