Oil trains sidelined by deepening slump in U.S. shale
The amount of oil hauled on US railways has declined steeply in the past year as refineries swallow more foreign supplies in the face of falling domestic crude output.
The amount of oil hauled on US railways has declined steeply in the past year as refineries swallow more foreign supplies in the face of falling domestic crude output.
People loved to leave this town. Kids grew up and got out. Take me to Minot, they would say. To Fargo or Bismarck. Anywhere but this emptiness. Then the boom began and the world came to them.
Here’s yet another reason to believe Apple may be working on that long-rumored car.
Oil fell for a fifth straight day on Friday, losing 10 percent on the week, and Goldman Sachs said more losses were needed to force producers to cut supplies adequately to balance the glut and bleak demand outlook in the market.
In some ways, Keystone was an easy test case — a project owned by a foreign company, built to ship foreign oil through the US, mostly for export.
Decades hence, 2015 might well be seen as the year the oil era entered the phase of terminal decline.
Sitting in a barren parking lot under gray skies, Chevy’s new Bolt electric car doesn’t seem like a game changer. But looks can be deceiving.
Americans are eating, smoking and drinking away their savings from cheap gasoline, and if that’s not great news for their doctors it’s handing windfall revenue to companies from Monster Beverage Corp. to tobacco giant Altria Group Inc.
TransCanada Corp. says it will initiate a claim under the North American free-trade agreement and seek more than $15 billion in damages in response to the U.S. government’s decision to deny a permit for the controversial Keystone XL pipeline.
If low oil prices are a gift to U.S. consumers, why isn’t the U.S. economy growing faster?