Gasoline price gouging indications grow stronger
As corporate profit reports rolled in this winter from the gasoline refining industry, the case for gas price gouging grew steadily stronger.
Doomed vessel continues to claim bird lives 63 years after sinking
According to the latest report from the California Department of Fish and Wildlife’s Office of Spill Prevention and Response, the Luckenbach’s fuel coated nine birds in oil in December, killing four of them.
Wage theft claims surge as oil prices fall
Oilfield bankruptcies of companies large and small have been surging as prices remain at their lowest levels in a decade or more. But it’s not the only way a worker can be left underpaid. An Inside Energy analysis shows a growing number of oil workers are turning to the courts, saying they weren’t paid fairly even when times were good.
Motor gasoline consumption expected to remain below 2007 peak despite increase in travel
Based on estimates in the most recent Short-Term Energy Outlook (STEO), vehicle travel in the United States in 2015 was almost 4% above its 2007 level, but motor gasoline consumption has not exceeded its previous peak in 2007. Improvements in light-duty vehicle fuel economy are largely responsible for this outcome.
Saudi oil minister ‘optimistic’ that world oil market will rebalance
Ali Al-Naimi, Saudi Arabia minister of petroleum and mineral resources, remains “optimistic” that the world oil market will rebalance supply with demand, and therefore see higher oil prices return.
OPEC unsure how it can ‘live together’ with shale oil
OPEC and U.S. shale may need a relationship counselor. After first ignoring it, later worrying about it and ultimately launching a price war against it, OPEC has now concluded it doesn’t know how to coexist with the U.S. shale oil industry.
Jitters over Faraday Future’s $1 billion EV factory
Is a planned $1 billion electric-car factory in suburban Las Vegas the savior for an economically ravaged community — or just a desert mirage?
Seas are now rising faster than they have in 2,800 years, scientists say
A group of scientists says it has now reconstructed the history of the planet’s sea levels arcing back over some 3,000 years — leading it to conclude that the rate of increase experienced in the 20th century was “extremely likely” to have been faster than during nearly the entire period.
The stressed-out oil industry faces an existential crisis
The Saudis may go public, OPEC’s in disarray, the U.S. is suddenly a global exporter, and shale drillers are seeking lifelines from investors as banks abandon them. Welcome to oil’s new world order, full of stresses, strains and fractures.
After 10 years, L.A. neighbors near drilling operation still complains of health, environmental issues
Working-class, minority neighborhoods in Wilmington and South Los Angeles have been plagued for years by foul odors, noise and dirt from oil operations that are practically in their backyards. But residents and activists argue that officials’ response to those problems has been slow and woefully inadequate.
