In Oklahoma, seismologists have warned that significant temblors last week could signal a larger, more dangerous earthquake to come in a state where drilling is destabilizing the bedrock. [The Guardian] Russia’s main stock indexes plummeted on Monday as the drop in oil prices cast a pall over the country’s energy-dependent economy. [The NY Times] Data… Keep reading →
In the spirit of Charles Ponzi, today we offer advice for attracting special attention from powerful federal authorities who want to punish you.
If 2015 was defined by falling commodity prices, 2016 may simply be defined by continuing lows.
Oil prices plunged again on Wednesday by more than 5 percent as investors paid more attention to signs that global stockpiles are growing than to increasing instability in the Middle East and North Africa. [The NY Times] The New York Stock Exchange announced Wednesday afternoon it would begin proceedings to delist Oklahoma City-based SandRidge Energy,… Keep reading →
Germany energy giant E.ON has officially separated its fossil fuel assets into a new company, dubbed Uniper. [The Guardian] Oil prices quickly gave back early gains to close lower on Monday after investor concerns about Middle East tensions gave way to a continued focus on weaknesses in global economies. [The NY Times] New Jersey is… Keep reading →
The latest attempt by Saudi Arabia to kill off the threat from US shale oil has sent oil prices slumping to their lowest level since the depths of the global recession seven years ago. [The Guardian] New congressional legislation to empower nuclear energy through R&D infrastructure in a way that benefits private sector investment into advanced… Keep reading →
Credit investors who lent $11 billion to Chesapeake Energy Corp. are starting to give up on the company, the second-biggest junk-debt issuer in the U.S. energy industry. [Bloomberg] Mayor Bill de Blasio has set an ambitious goal of reducing greenhouse gas emissions by 80 percent by 2050 from curtailing the city’s waster from home heating.… Keep reading →
The Price Picture: The global oil market has seen a continued growth of production while demand has remained stagnant over past year, leading to a steady drop in prices over the past 15 months, aside from a short-lived upward tick in the second quarter of 2015. As prices have fallen from above $100/barrel in July… Keep reading →
Hillary Clinton’s campaign on Thursday unveiled a $30 billion plan to help coal communities rebound as the clean energy economy develops. [Fox News] Energy companies from Australia to China tumbled Friday as falling commodities prices stoked fears over the global outlook. [Yahoo News] AutoGrid Systems, a demand response software company based in Redwood City, said… Keep reading →
OPEC has maintained its forecasts for oil demand growth and supply in its latest report, a precursor to its highly-anticipated meeting in December. [CNBC] Vacuum cleaner manufacturer Dyson has lost its bid to change European energy labeling laws. [BBC News] Coal from Adani’s proposed $16bn Carmichael project will create annual emissions similar to those from… Keep reading →
