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Low Oil Prices

Can Tourism Save Oman from Cheap Oil?

Giorgio Cafiero | Posted 02.03.2016 | World
Giorgio Cafiero

Of all Gulf Cooperation Council (GCC) members, non-OPEC Oman is most vulnerable to low oil prices. In the 1990s, the sultanate discovered that its oil reserves were substantially smaller than previously thought and Oman's sovereign wealth fund is a fraction of the size of other GCC nations.

Alaska Governor: State's Savings Mean Oil Revenue Decline Doesn't Make Budget Situation a 'Crisis'

Alaska Dispatch News | Posted 03.22.2015 | Politics
Alaska Dispatch News

Gov. Bill Walker says Alaska will tap its savings and cut budgets to get through low oil prices, but in an interview on the eve of next legislative session he was unwilling to call the state's multibillion-dollar deficits a "crisis."

Gas Prices Sink Below $2 A Gallon In Texas And Oklahoma

AP | KEN MILLER | Posted 02.04.2015 | Green

OKLAHOMA CITY (AP) — Gas has dropped below $2 a gallon at a handful of stations in Oklahoma and Texas this week, a level that a price-watching group...

Why Low Oil Prices Can Be Good For The Environment

AP | By JONATHAN FAHEY | Posted 01.14.2015 | Green

NEW YORK (AP) — Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous new projects to squeeze oil out of the tar ...

Energy Efficiency is the New Oil

Stephen Cowell | Posted 05.25.2011 | Green
Stephen Cowell

Reduced consumption has sent the price of oil plummeting from record highs. In other words, energy efficiency is the gift that keeps on giving.