Economy & Business

"Shale's Running Out of Survival Tricks as OPEC Ramps Up Pressure"

"In 2015, the fracking outfits that dot America’s oil-rich plains threw everything they had at $50-a-barrel crude. To cope with the 50 percent price plunge, they laid off thousands of roughnecks, focused their rigs on the biggest gushers only and used cutting-edge technology to squeeze all the oil they could out of every well."

Source: Bloomberg, 12/29/2015

"Spending Deal To Lift Oil Export Ban"

"Lawmakers have agreed to lift the four-decade-old ban on crude oil exports as part of a spending and tax package announced by congressional leadership on Tuesday night, according to a GOP lawmaker. In exchange, Republicans agreed to extend a series of expired or expiring renewable energy tax breaks."

Source: The Hill, 12/16/2015

US Lawmakers Press Oil Companies on What They Knew About Climate Change

"A contingent of powerful U.S. representatives are pressing the chief executives of six of the country's largest fossil fuel companies, including ExxonMobil, Chevron and Shell, to answer questions about when the companies first understood that burning fossil fuels drives climate change and whether they became active partners in an effort to downplay the harm that could result."

Source: InsideClimate News, 12/10/2015

"The Inside Story of Shell’s Arctic Assault"

"A months-long investigation shows how the energy giant pressured the Interior Department during the company's gung-ho Arctic push—and got most of what it wanted (except oil)."

"Last May, four months before the oil giant Royal Dutch Shell suspended exploration in offshore Alaska, Christopher Putnam needed to get something off his chest.

Source: Audubon, 12/09/2015


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