Oil rout threatens vicious cycle for economy
With oil hovering at $30 a barrel and gasoline below $2 a gallon, the pleasure of lower fuel prices is turning painful for more of the U.S. economy.
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?
Ford gets serious about electric cars
Chasing Tesla and General Motors, Ford hopes a $4.5 billion investment will help it leapfrog to the front the pack when it comes to developing electrified cars.
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.
Cheap oil buoys consumers, shakes up global governments
Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others.
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 →
Stranded Santa Barbara oil — all 17 million gallons of it — about to start moving by truck
Exxon Mobil Corp. won approval Monday for its plan to use trucks to move more than 17 million gallons of oil stranded in storage tanks after a California pipeline break in May, despite concerns from an environmental group that highway safety could be jeopardized.
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.
How the structure of global oil markets fuels authoritarianism and war
Almost every day, even if you don’t own a car, you probably buy something made from oil. Usually we don’t think about where that money goes — because the answer, at least some of the time, is that it ends up lining the pockets of some of the world’s deadliest people.
