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The late writer, Marty Rubin, once observed, “unlike wine, a bad idea does not improve with age.” That is certainly true with the carbon tax. Not only does it not improve, it is like a zombie that keeps coming back from the dead. A former Administrator of the Energy Information Administration, Jay Hakes, has just […]
Analysts believe the two-day bounce isn’t likely the start of big, lasting reversal.
While Schlumberger’s CEO said he wants the industry to rebound soon, he said the longer the downturn lasts “the stronger we will emerge relative to our competition.”
The oil crash has triggered the largest job cuts in oil field services, and Schlumberger has now eliminated about 34,000 jobs globally — a more than 25 percent reduction since its peak of nearly 130,000 jobs in 2014.
Cheney said the U.S. should get more involved with energy diplomacy to weaken its enemies
U.S. Steel is considering temporarily mothballing the pipe-making plant during the ongoing oil and gas slump. The facility is located in northeastern Texas in Morris County, which has a population of less than 13,000 people.
Flotek Industries, a supplier of equipment and materials for hydraulic fracking, said the U.S. Securities and Exchange Commission is investigating its FracMax software and the efficacy of one of the company’s chemicals.
To celebrate the birth of AA Milne (some 134 years ago), today is national Winnie the Pooh day. Once again, though, the crude complex has gone off script…acting like Eeyore instead. Hence crude prices are once again looking downbeat and depressed, wallowing in twenty-dollardom. In all fairness, it has good reason to be looking down. […]
Iran will probably start increasing exports by selling barrels it stockpiled on tankers in the Persian Gulf in anticipation of the deal.
Berkshire filed documents with the Securities and Exchange Commission on Friday that disclosed purchases of another 1.6 million Phillips 66 shares.