Goldman commodity analysts ask: How did we get it so wrong?
Goldman Sachs Group Inc. analysts might not be the only ones to have incorrectly called commodity prices this year, but they are at least trying to figure out how they misjudged the market.
Archive for year: 2017
Trump says the Atlantic, Arctic could soon be open to oil drilling
A barrel of petroleum sells for less than $45, and many oil companies balk at the massive investment in equipment needed to drill offshore when the price is lower than $85, analysts say.
Exxon’s support for a carbon tax is the first step in Big Oil’s long, negotiated surrender
Why would Exxon back a carbon tax that would raise the price of its products? There’s more to it than you might think.
A new problem for Keystone XL: Oil companies don’t want it
After weathering years of protests, pipeline operator TransCanada is struggling to attract customers amid low crude prices and competing oil-transportation options
Air pollution exposure may hasten death, even at levels deemed ‘safe,’ study says
At a time when the Trump administration is moving to delay and dismantle air quality regulations, a new study suggests that air pollution continues to cut Americans’ lives short, even at levels well below the legal limits set by the U.S. Environmental Protection Agency.
California Supreme Court upholds cap-and-trade system
California’s cap-and-trade law, which requires companies to buy permits to emit climate-changing greenhouse gases into the air, survived a legal challenge when the state Supreme Court turned down an appeal by business groups.
Michigan official calls for shutting down oil pipeline
Michigan’s attorney general called for shutting down twin oil pipelines beneath the waterway where Lakes Huron and Michigan meet, as the state released a consultant’s report outlining alternative scenarios for the future of oil transport in the ecologically sensitive tourist destination.
Have oil prices stopped plunging?
Crude oil prices plunged to $42 a barrel last week, sinking into a bear market amid renewed concerns about a massive supply glut that just won’t go away. Some even feared a return to the sub-$30 prices that spooked global investors early in 2016.
Alaska’s 40 years of oil riches almost never was
In late May on the floor of a drilling rig on Alaska’s northernmost edge, oil workers were dwarfed by giant pieces of machinery. They were slowly pushing pipe thousands of feet below the tundra to tap one of the biggest oil fields in North America: Prudhoe Bay.
Meet the next generation of the hydrogen car
“A simple chemical reaction between hydrogen and oxygen generates energy, which can be used to power a car, producing only water, not exhaust fumes.” That was George W. Bush in 2003, proposing $1.2 billion to research fuel-cell automobiles.
