Media organizations and analysts who follow the oil industry have been playing their sad fiddles for companies that once posted jaw-dropping profits. Stories seldom focus on the global benefit that low oil (and gasoline prices) provide to consumers, who have enjoyed a $3 trillion “transfer of wealth” since oil was at $115 two summers ago. Read more
Archive for month: April, 2016
Chevron Corp. plans to shed 8,000 jobs, or 12 percent of its workforce, by the end of the year as anemic oil prices make it too expensive to keep many drilling rigs in the field, executives said Friday.
It is hard to overstate the significance of the Doha debacle. At the very least, it will perpetuate the low oil prices that have plagued the industry for the past two years.
Have we finally reached the long-promised realization of commercial cellulosic ethanol?
“Another Pipeline Rejected” is now the go-to headline for updates on new fossil fuel infrastructure in the United States. Does the growing file of scrapped pipeline plans forecast the “Keystone-ization” of our energy future? Yes.
A growing number of vehicles are meeting or surpassing federal fuel economy standards, though improvements to cars outpace those to trucks, according to a new analysis by the Consumer Federation of America.
CNN aired almost five times as much oil industry advertising as climate change-related coverage in the one-week periods following the announcements that 2015 was the hottest year on record and February 2016 was the most abnormally hot month on record.
Oil markets jumped 2 percent on Thursday, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high U.S. crude inventories and relentless pumping by major producers.
Leading up to the Paris Agreement, countries submitted individual plans, known as Intended National Determined Contributions, which outline how they plan to meet greenhouse gas (GHG) reduction targets. While 37 countries have included biofuels in their INDCs, the U.S. has not.
A PowerPoint presentation was prepared by a top technology executive at Volkswagen in 2006, laying out in detail how the automaker could cheat on emissions tests in the United States.