Former Shell president warns consumers about unfair, high gas prices
Former Shell Oil President John Hofmeister, predicted more volatility and higher prices in the oil market during an interview on the FOX Business Network.
The problem with Big Oil — It’s too big
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.
OPEC oil freeze talks may be resurrected
The Organization of the Petroleum Exporting Countries may resurrect its heretofore futile attempts to freeze petroleum output in a bid to inject life into oil prices.
Do oil companies really need $4 billion per year of taxpayers’ money?
What would happen if the federal government ended its subsidies to companies that drill for oil and gas?
Clinton campaign studying alternative to U.S. ethanol mandate
Democratic U.S. presidential candidate Hillary Clinton’s campaign has solicited advice from California regulators on how to revamp a federal regulation requiring biofuels like corn-based ethanol be blended into the nation’s gasoline supply, according to campaign and state officials.
Tesla loses $293 million as deliveries fall short, expenses rise
Tesla Motors Inc.’s loss widened in the second quarter amid higher costs, but the company stuck to an ambitious plan that calls for building nearly 80,000 cars in 2016 and pulling forward a cheaper sedan aimed at the mass market.
U.S. to speed permits for drilling on federal land
U.S. officials have announced plans to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average amid an ongoing price slump.
Here’s why it’s all downhill for oil refiners
As earnings season gets into full swing, a casual glance at the fundamentals shows there is little for refiners to be excited about.
Non-OPEC production peaks as U.S. production nears bottom
Bakken production was up 6,540 barrels per day while all North Dakota production was up 5,383 bpd. This was not posted as a correction to last month’s data, though it looks like that is exactly what it is.
Why you can thank low oil prices for cheaper food
After suffering a plunge over the past two years, crude-oil prices are expected to drop another 15% in 2016, contributing to a decline in most food costs, the World Bank said in a report released Tuesday.
