In its goal of pursuing statehood, the Islamic State became an oil state at the worst time. When international oil prices were trading closer to $100/bbl, it’s estimated that IS could have been making $6 million a day from black market oil sales. The oil price decline is altering the way IS conducts its business… Keep reading →
The Wall Street Journal reported late Thursday that oil services giants Halliburton and Baker Hughes were involved in “quickly progressing” merger negotiations, which caused shares of both firms to jump. “The Journal, citing unidentified people familiar with the matter, said talks were progressing quickly and a deal could come soon.” [Fuel Fix] A new study using… Keep reading →
TransCanada’s proposed Energy East pipeline could provide Canada with an outlet for Alberta’s oil sands that sidesteps political opposition obstructing competing projects heading south and west. But with the shift in oil demand growth from the Atlantic Basin to the Pacific, moving oil east may be a second-best solution. TransCanada’s Keystone XL and Enbridge’s Northern… Keep reading →
Utilities are just beginning to utilize the advanced data monitoring, recording, and event reporting capabilities of smart meters. Around the world, new government mandates and stimulus funding have catalyzed the deployment of smart meters. In the U.S. alone, $3.4 billion allocated from American Recovery and Reinvestment Act funding will be used to facilitate the installation… Keep reading →
