One of the great things about science is that it allows you to make predictions. Three top climate scientists just made a very bold prediction regarding sea level rise; we should know in a few years if they are correct.
With gas prices having plummeted, the residents and leaders of Williston are left wondering if their city can turn short-term gains into long-term growth.
The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity.
Just the whiff of an OPEC meeting has driven oil prices higher, squeezed shorts in the futures market — and made further inaction by the cartel more likely.
OPEC has cried wolf again, but there’s reason to believe that this time, the cartel is serious about constricting oil production. Which, of course, will send the price — and thus the price of gasoline — upward. And there’s nothing American drivers will be able to do about it.
Oil prices would have to skyrocket above $350 per barrel for electric vehicle makers to make a dent in the auto market, according to a study done by researchers at the University of Chicago.
Former Shell Oil President John Hofmeister, predicted more volatility and higher prices in the oil market during an interview on the FOX Business Network.
Since oil prices began to fall in mid-2014, cheap crude has been blamed for 195,000 job cuts in the U.S., according to a report published by outplacement firm Challenger, Gray & Christmas.
The number of cities reporting on their efforts to tackle global warming has risen 70 percent to 533 around the world since the adoption of the Paris climate change agreement in 2015, the group collecting the data said
If what has been happening in oil and gas over the last two years was made into a TV show, it would have been a real hit.
