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Tuscaloosa Marine Shale Fracking Slows as Operators Watch Oil Prices

Susan Buchanan | Posted 02.08.2015 | Business
Susan Buchanan

When crude oil prices sank this winter, companies scaled back their fracking plans in the Tuscaloosa Marine Shale deposit, running from central and southeast Louisiana into Mississippi. Exploration and drilling is mostly on hiatus there until crude rebounds, industry members said last week.

Gunmen Storm Oilfield In Libya

Reuters | Posted 02.04.2015 | World

By Feras Bosalum and Ayman al-Warfalli TRIPOLI, Feb 4 (Reuters) - Gunmen killed 12 people, among them two Filipino and two Ghanaian ...

There's More to the Oil Crash Than Meets the Eye

J. L. Morin | Posted 01.29.2015 | Green
J. L. Morin

As New York shakes off another dose of the climate change reality dealt by winter storm Juno, many are beginning to re-appreciate the forces of Nature and the power of public policy.

Saudi Prince: Oil Will Never Be $100 A Barrel Again

CNBC | Everett Rosenfeld | Posted 01.23.2015 | Business

CNBC The world will never again see the price of oil at $100 per barrel, according to one of Saudi Arabia's biggest investors. Prince Alwaleed B...

A Time to Act on Energy Security

Ken Blackwell | Posted 01.09.2015 | Politics
Ken Blackwell

We have a unique opportunity to act quickly during this period of lower oil prices. Historically, we have moved on energy policy only in times of crisis, reacting after the damage has already been done.

A Stick in the Stocking: Santa's Supply Shock

Brian Czech | Posted 01.09.2015 | Green
Brian Czech

It would be tempting to turn this into anti-Wall Street polemic, but the inequality of Big Capital is not even the main issue here. Rather, recent talk of "supply shock" is a wake-up call for the sustainability of Big Capital, the little man, and everyone in between.

Sheiks vs. Shale: the Future of O.P.E.C.

Alexis Crow | Posted 01.05.2015 | World
Alexis Crow

Naming and shaming oil-rich enemies is an expensive policy, and Washington should opt for a different path -- especially when, despite a short burst of shale, the U.S. continues to rely on O.P.E.C. supply to meet its own resource needs.

Is Economic Warfare the Theme for 2015?

Ambassador Muhamed Sacirbey | Posted 01.05.2015 | World
Ambassador Muhamed Sacirbey

Is the Russian Ruble becoming financial rubble as consequence of targeting by the U.S. and its allies? The dramatic fall in oil prices and commensurate drop in the Russian currency, is this coincidental to broader global economic trends or an orchestrated assault?

7 Questions About the Recent Oil Price Slump

Olivier Blanchard | Posted 02.21.2015 | Business
Olivier Blanchard

Oil prices have plunged recently, affecting everyone: producers, exporters, governments, and consumers.  Overall, we see this as a shot in the arm for the global economy. There is, however, much more to this complex and evolving story.

Oil Prices Drop Below $60 For First Time In More Than 5 Years

AP | Posted 12.24.2014 | Business

The price of oil fell below $60 for the first time since July 2009 on Thursday and ended trading in New York at $59.95. Benchmark U.S. crude oil dr...

Why I've Finally Thrown in the Towel on the TSX

Jeffrey Rubin | Posted 02.09.2015 | Business
Jeffrey Rubin

Some investors might choose to steer clear of oil sands stocks for environmental or ethical reasons. Personally, I didn't disinvest from the oil sands to save the world. I did it to save my portfolio.

Oil Prices Continue to Contract as OPEC Maintains Production Levels

Sheldon Filger | Posted 02.09.2015 | Business
Sheldon Filger

Since mid-June the price per barrel of petroleum has collapsed by a staggering 37 percent. This almost perfectly mirrors -- in reverse -- the steep rise in oil prices in mid-2008, which was followed by an equally sharp contraction when the Great Recession -- the onset of the global economic and financial crisis -- struck with full fury.

Could the Oil Price Crash Kill Keystone XL?

Terry Connelly | Posted 02.03.2015 | Business
Terry Connelly

Why, indeed, would U.S. shale producers want to use public policy to subsidize Canadian oil producers in an extreme and sustained low oil price environment?

Non-Dollar Trading Is Killing the Petrodollar -- And the Foundation of U.S.-Saudi Policy in the Middle East

Alastair Crooke | Posted 02.01.2015 | World
Alastair Crooke

This new oil price drop simply is crushing producers' currencies in foreign exchange markets. The combination of the petrodollar losing its ability to act as a store of value, combined now with exchange rate blues, may be the straw that breaks the producer "camel's back" in respect to OPEC and dollar denomination. Such a moment would seem ripe for Russia and Iran to begin a gradual challenge to Saudi's leadership of the OPEC cartel and to the dollar-denominated energy system, if enough OPEC members and other producers are prepared to rebel. Iran has been lobbying hard in this direction.

The Downside of Oil Independence

Jeffrey Rubin | Posted 02.01.2015 | Business
Jeffrey Rubin

For the last few years, energy independence seemed like a pretty good deal. What we're on the verge of discovering is that much of the production that makes it possible isn't viable in a world of falling oil prices.

The Cheap Oil Curse

Robert Kuttner | Posted 01.30.2015 | Politics
Robert Kuttner

Remember "Peak Oil?" The world was running out of oil, prices would soon skyrocket, and we had better find other fuels. Well, that argument didn't work out so well for environmentalists, did it? As oil reserves and those of other carbon fuels became scarce and prices rose, the law of supply and demand kicked in. The industry invested the profits from those higher prices in new technologies, and the oil barons found even more destructive ways to extract oil and gas -- by exploiting the muck from tar sands, inventing hydro-fracking, and despoiling Third World sources. So now, oil is cheaper than it's been in years, about $66 a barrel. Regular unleaded gasoline can be had for well under $3 a gallon. One of the few things sustaining U.S. consumer purchasing power in the face of dismal wages is close to $100 billion saved in energy costs. OPEC's pricing power has been broken and the United States is about to surpass Saudi Arabia as the world's largest oil producer.

Property Rights Key to Reform, in Algeria and Across the MENA Region

Sasha Toperich | Posted 01.20.2015 | World
Sasha Toperich

Algeria, the largest nation on the African continent, is pushing economic reforms in a process that is far from easy. The balance of payment, human capital development and increasing GDP growth to reduce unemployment are the current government's key concerns today.

The Climate Post: U.S., China Reach Climate Deal

Tim Profeta | Posted 01.13.2015 | Green
Tim Profeta

Two nations that account for more than one-third of all greenhouse gas emissions reached a climate deal. The United States will accelerate the pace of its net greenhouse gas emissions reductions from 17 percent below 2005 levels by 2020 to 26-28 percent by 2025.

Falling Oil Prices Reveal America's Fracking Trap -- And Saudi Arabia's Continued Energy Dominance

Alexis Crow | Posted 01.04.2015 | World
Alexis Crow

Far from leading America to a future of energy independence, the fracking boom has locked the country into a high-cost game.

Oil - A Question of Economics

Luay Al Khatteeb | Posted 12.30.2014 | Business
Luay Al Khatteeb

The recent debate over falling oil prices has become an over simplified economic question of supply and demand, ignoring other interrelated economic theories.

Hunter Stuart

Gas Hasn't Been This Cheap In Nearly Four Years

HuffingtonPost.com | Hunter Stuart | Posted 10.28.2014 | Business

At most of the nation’s gas stations (56 percent), the price of gas is now under $3 per gallon.

OPEC Is Over

Raymond J. Learsy | Posted 12.27.2014 | Business
Raymond J. Learsy

Without enormous discipline in a vastly oversupplied market an OPEC as constituted today is no longer viable.

Oil Prices Plunging! President George H.W. Bush Where Are You As We Need You!

Raymond J. Learsy | Posted 12.21.2014 | Business
Raymond J. Learsy

To the deep consternation of the oilogopoly and their kindred and influential allies in government and finance the price of oil has been dropping precipitously.

Ben Walsh

Falling Oil Prices Are Good News For You And The Economy

HuffingtonPost.com | Ben Walsh | Posted 10.16.2014 | Business

The bad news is that oil is falling just like the stock market. The good news is that falling oil prices can help keep things from getting worse.

What Oil Price Got to Do, Got to Do With It? (10 Things to Remember About Oil Prices)

Carl Pope | Posted 12.15.2014 | Green
Carl Pope

The collapse of soaring oil prices signaled the beginning of the 2008 Great Recession. This milder repeat performance is not so confusing if we look at the basics -- and remember that what counts about oil is not where it is produced, or exactly how much we need, but its price.