The plunge in crude prices cost oil companies some $35 billion in operating cash flow in the second quarter, the U.S. Energy Information Administration said Thursday. via Fuel Fix http://ift.tt/1YEgnRd
The Real Price of Oil – IEEE
On Friday, 20 June 2014, West Texas Intermediate (WTI) crude oil traded in Cushing, Okla., at US $107.95 a barrel; by the end of the year it was selling for $53.45, almost […]
U.S. propane inventories are at an all-time high
U.S. inventories of propane and propylene reached 97.7 million barrels as of September 11, the highest level in the 22 years that EIA has collected weekly propane inventory statistics. In the first […]
Oil Companies Running Out Of Options
The financial pressure on indebted oil and gas companies continues to mount, putting them in a bind as they try to mend their deteriorating balance sheets.As their debt rises, drillers have had […]
UBS predicts coal’s share of US electricity halving by 2030
UBS report suggests coal generation’s share of US electricity markets will drop to 18 percent by 2030. via Renew Economy http://ift.tt/1FQQdz1
BMW Going All-Electric
The age of electric vehicles may finally be upon us – or at least that’s what BMW is banking on. BMW recently announced that it will convert all models to electric drive […]
The Biggest Red Herring In U.S. Shale | OilPrice.com
Rig productivity and drilling efficiency are red herrings.A red herring is something that takes attention away from a more important subject. Rig productivity and drilling efficiency distract from the truth that tight […]
Five things you didn’t know about the electric vehicle market
They might not be driving them yet, but electric vehicles are definitely on the radar of some of the world’s top investment and market analysts. Last week, US-based global investment bank Morgan […]
Iran Is No Qatar, Even With World’s Second-Biggest Gas Reserves
Natural gas made Qatar’s citizens the richest in the world within a generation. Even with bigger fuel reserves, Iran will struggle to follow its neighbor’s path. Iran’s own production is consumed by […]
Logistics and Lizards Disrupt Chevron’s Project Off Australia – The New York Times
Getting anything to Chevron’s gas-processing plant on Barrow Island is a bit of a trick. Some supplies travel 15 hours from Perth to a supply base for shipping. En route, trucks cannot […]
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