Big banks slash credit lines for struggling drillers
Three Houston companies are among the drillers seeing sharp cuts to their credit lines this spring as lenders tighten their purse strings in a retreat from the cash-strapped oil industry.
Canada provides record-high share and amount of U.S. crude oil imports in 2015
Although total U.S. crude oil imports in 2015 continued to be lower than levels reached during the mid-2000s, imports from the United States’ top foreign oil supplier—Canada—were the highest on record.
Iran and oil: You ain’t seen nothing yet
The number that everyone in the energy market has penciled in for Iran’s output, absent voluntary restraint, is 4 million barrels a day. That number stems from both the country’s pre-sanctions peak and Iran’s stated ambition. Whether it gets there and how quickly is a matter of disagreement.
Why oil prices will rise and many pundits will be caught by surprise
Inevitably, we will have another price shock – or at minimum an upside surprise. It’s unavoidable at this point.
Tesla, rivals, software may kill petrol car as soon as 2025
We thought it would be useful to explain more about how it is that Elon Musk has killed the petrol car. And for that we went back to Stanford University’s Tony Seba, the academic who predicts that fossil fuels, coal and oil in particular, will be redundant by 2030.
What is octane?
You pull into a gas station and are presented with three options: regular, mid-grade, or premium —all gasoline of course, as true fuel choice isn’t currently a reality in America. But have you ever wondered what those three numbers — 87, 89, and 93 or some similar variation — on the pump itself mean? Read more →
Oilsands workers call on Alberta government to retrain electricians as solar installation specialists
Green energy is finding champions in Alberta oil and gas workers, and the provincial government says it’s willing to listen to what they have to say.
Gas prices will be low for Easter, but don’t get used to it
With gasoline prices at their lowest point for the Easter weekend since 2004, holiday travelers have something to cheer about. But they better fill up their tanks fast.
Coming to the oil patch: Bad loans to outnumber the good
Bad loans are likely to outnumber good ones soon in the U.S. oil patch, an indication of the pressure on energy companies and their lenders from the crash in prices.
Big Corn finds unlikely allies in U.S. biofuel push: carmakers and drivers
U.S. corn producers may have found two unlikely allies in their decade-long battle with big oil to get ethanol into the nation’s fuel stream: automobile manufacturers and American drivers.
