For oil companies, it’s a year of slashing costs and jobs
This year will be another hard one for the oil majors as they cut spending.
Few boom cycles are left for the oil industry
Ask almost anyone in the oil business, and they will say a bust is always followed by another boom. But what if the industry has only one big cycle left?
Chevron joins downgraded crude explorers; Exxon may be next
Chevron Corp. had its credit rating cut by Standard & Poor’s for the first time in almost three decades, the largest U.S. oil driller to face a downgrade so far amid the worst oil-market collapse in a generation. Exxon Mobil Corp. may be next.
Fuel Freedom’s 12 most popular posts of 2015
2015 was a busy year. From the world reaching a monumental climate agreement in Paris, to Russia becoming embroiled in the Syrian civil war, to one of the world’s largest automakers being caught cheating on their emission testing, there was no shortage of groundbreaking events. Read more →
Harold Hamm expects $60 oil, says America will double output again
At times like this it helps to turn to a reliable bull. So last week I paid a visit to Harold Hamm at the Oklahoma City headquarters of his Continental Resources.
In the ethanol wars, both sides are wrong
The Iowa primary has put into play one of the more obscure issues in the political life of the nation — ethanol, of all things.
Oil falls on China data and fading prospects of OPEC action
Oil fell nearly four percent on Monday as weak economic data from China, the world’s largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline.
U.S. drivers can see $1.50 gasoline for first time since 2009
American drivers are within shouting distance of $1.50 a gallon for the first time since 2009.
Senate begins debate on comprehensive bipartisan energy bill
The Senate on Wednesday started debating its first comprehensive energy legislation since the George W. Bush administration, a bipartisan measure meant to update the nation’s power grid and oil and gas transportation systems to address major changes in the ways that power is now produced in the United States.
So yes, the oil crash looks a lot like subprime
One year ago, analysts at Bank of America Merrill Lynch drew a parallel between the subprime mortgage crash and the disorderly fall in the price of oil.
