As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
In the aftermath of the adoption of the Kyoto Protocol in 1997, the EU, led by Germany, remained in the forefront of climate policy by pledging to reduce CO2 emissions by 20% by 2020. To achieve this objective and show the rest of the world how to be successful and green, EU nations adopted renewable […]
Find out which senators and representatives received the largest campaign contributions from the hydraulic fracturing industry during the 2004 and 2012 campaign cycles, and which Texas representative ranks No. 1.
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