
Fearing a flood of crude oil when the Iran sanctions are lifted in the next few months, Saudi Arabia is pumping an extra 1.5 million barrels a day and signing long-term export contracts at low prices in a desperate effort to grab cash flow and avoid bankruptcy.
by Chriss W. Street3 Jan 2016, 4:30 PM PST0

President Obama is not alone in wielding governmental power to clamp down on carbon-emitting energy. While he weaponizes the Environmental Protection Agency to take on coal-powered energy, potentially shutting down hundreds of coal-fired power plants, Alberta’s new socialist NDP government is pushing ostensibly environmentally-minded policies against oil on shared premises of combating “climate change.”
by Robert Kraychik20 Aug 2015, 6:53 AM PST0

The UK’s revenue from oil and gas has plummeted by 54 per cent in the space of a year from £4.7bn in 2013-14 to just £2.1bn in 2014-15 as world oil prices continue to drop. The fall is more than
by Nick Hallett1 Jul 2015, 1:22 AM PST0

The global shock from the release of the U.S. Environmental Protection Agency (EPA) long-postponed draft report stating that hydraulic fracturing (fracking) has not had a “widespread, systemic impact on drinking waste” caused “cheap” natural gas prices to collapse another 16 percent.
by Chriss W. Street9 Jun 2015, 4:00 AM PST0