Surging Oil Industry Brings Opportunity To Rural California

Standard and Poor’s downgraded its outlook on US-based independent Anadarko due to the likelihood of a court settlement that could exceed $9 billion. The case dates back to subsidiary Kerr-McGee’s 2002 corporate restructuring and the company’s 2005 spin-off of its titanium dioxide business. “Our negative outlook reflects our view that a Tronox settlement in excess… Keep reading →

Australian Petrol Prices On The Rise

“Peak oil” is a term that’s been bandied about for decades, but almost always in reference to supply, not demand. The Economist is calling oil “yesterday’s fuel”. “The world’s thirst for oil could be nearing a peak. That is bad news for producers, excellent for everyone else.” [Economist] There’s a nice (and very thorough) piece… Keep reading →