• Resilient U.S. Shale Industry Squeezing Out More Oil Than Expected

    • Date: 09/05/16
    • Collin Eaton, Fuel Fix

    HOUSTON – The nation’s oil production is set to drop less than expected this year as drillers in West Texas and Oklahoma find ways to pump crude faster, and for less money, Goldman Sachs says. U.S. crude output should fall by 650,000 barrels a day this year, the investment bank said Monday, revising its previous […]

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  • Saudis’ New Oil Boss Chases Record Output To Stymie Shale

    • Date: 09/05/16
    • Anthony Dipaola , Bloomberg

    Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale. Al-Falih, also chairman of the state producer Saudi Arabian Oil Co., said on his first day in office on Sunday that […]

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  • “OPEC Is Dead”

    • Date: 07/05/16
    • The American Interest

    That statement was uttered by an OPEC official during its meeting in Vienna this week, by a delegate that, according to Reuters, sources represented a non-Gulf Arab member. And it doesn’t just seem to sum up the cartel’s frustrations on its inability to affect oil prices. It very well might be true. Reuters reports: [E]vents […]

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  • Two-Thirds Of U.S. Gas Supply Now Comes From Fracking

    • Date: 06/05/16
    • Christine Buurma, Bloomberg

    Hydraulic fracturing, the method used to extract oil and natural gas from shale formations deep underground, has gone from a niche activity to the process responsible for more than two-thirds of U.S. gas supply. Fracking now accounts for 67 percent of marketed gas output, up from less than 7 percent in 2000, according to the […]

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  • Tesla Falls On Cash Concerns, Doubt About Manufacturing Goals

    • Date: 06/05/16
    • Dana Hull, Bloomberg

    Tesla Motors Inc. fell Thursday after the company, aiming to dramatically boost production, withdrew its projection to generate more cash than it uses this year and said it will probably need to raise capital. Shares in the electric-car maker fell 4.9 percent to $211.71 at 1:28 p.m. New York time. The shares had surged late […]

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  • One Of World’s Biggest Solar Manufacturer Teetering Toward Bankruptcy

    • Date: 04/05/16
    • Joe Ryan, Bloomberg

    Yingli Green Energy Holding Co., once the world’s biggest solar manufacturer, plunged the most in more than seven months after signaling it may be teetering toward bankruptcy. Yingli Green Energy Holding Co Ltd (Adr) Stock Chart May 2015 to May 2016 Yingli declined 21 percent to $3.60 at the close in New York, the most […]

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  • EU Carbon Drops Most in Two Months As Ruling Sparks Uncertainty

    • Date: 03/05/16
    • Stephanie Bodoni and Ewa Krukowska, Bloomberg

    Permits to emit greenhouse gases under the European Union cap-and-trade program had the biggest drop in two months after the region’s top court told regulators to correct mistakes in the way they calculate the allocation of free allowances to companies. Exxon Mobil Corp., Dow Chemical Co. and OMV AG lost a challenge to a EU […]

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  • It’s George Osborne Who Is Killing British Steel, Claims Tata Boss

    • Date: 29/04/16
    • The Sun

    George Osborne risks killing off British manufacturing with sky-high green taxes and business rates – the Indian boss of the Port Talbot steelworks blasted today. Tata Steel chief Bimlendra Jha said his UK business would be MAKING money if it had Germany’s electricity prices. And he told MPs that the Government’s existing policies – such as […]

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