As the Senate prepares to vote on whether climate change is real as part of the proposed Keystone Pipeline bill, Sen. Bernie Sanders (I-Vt.) strongly believes “it’s a good idea” for President Barack Obama to veto the bill.
After about an hour of weaving up and down the winding, mountainous, two-lane highway that is route 58, eastbound from San Luis Obispo, I honestly started to wonder where 9 million solar panels — one of the world’s largest operating solar panel farms that was built in this region — could be hiding. I passed…
Climate risk is becoming ‘synonymous with reputation risk’ as a growing fossil fuel divestment movement gains traction with investors around the world, says major European investor Axa Investment Managers
NEW YORK (Reuters) - DoubleLine Capital's Jeffrey Gundlach said on Tuesday there is a possibility of a true collapse in U.S. capital expenditures and hiring if the price of oil stays at its current level.
Oil company executives clearly see the writing on the wall and are dramatically lowing spending heading into 2015. Unfortunately, existing wells will likely continue to produce more oil than we need, particularly as OPEC maintains its quotas and Russia boosts production. All of these factors point to potentially lower crude prices in 2015 and more pain for Houston.
The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th. - 2014/12/26
Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.
DAVOS, Switzerland (Reuters) - OPEC defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to