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Blame Oil Glut on Investors Who Still Love Drilling Over Profits

2015-08-26 18:16:53| Oil & Gas - Topix.net

Investors sent a surprising message to U.S. shale producers as crude fell almost 20 percent in August: keep calm and drill on. While most oil stocks have fallen sharply this month, the least affected by the slump share one thing in common: they don't plan to slow down, even though a glut of supply is forcing prices down.

Tags: love oil investors profits

 

Oil prices drop, but drilling continues

2015-08-22 07:43:56| Chemicals - Topix.net

Oil prices drop, but drilling continues A look at the commodities markets, including crude oil, gold and wheat. Check out this story on greenbaypressgazette.com: http://gbpg.net/1JbrLfm Stacks and burn-off from the Exxon Mobil refinery are seen at dusk in St. Bernard Parish, La.

Tags: prices oil drop continues

 
 

Oil and gas drilling in Michigan down significantly

2015-08-20 19:18:07| Waste Management - Topix.net

The number of permits issued for new oil and gas wells so far this year is on track to be the lowest in more than 80 years. Mark Snow handles permits for the Michigan Department of Environmental Quality.

Tags: gas oil significantly michigan

 

To ease climate change, US should end drilling federal land: study

2015-08-20 08:47:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Up to 450 billion tonnes of greenhouse gases would be kept out of the atmosphere if the U.S. government stopped leasing federal lands to fossil fuel companies, according to a study released on Wednesday. The government currently allows energy companies to lease federal lands for drilling, and environmental groups say if the practice is not halted, the United States will be unable to meet its obligations to combat climate change. The oil, coal and gas under lands owned by the federal government...

Tags: end change land study

 

Hillary Clinton: Arctic Drilling Is Not Worth the Risk

2015-08-18 22:24:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: It`s not the first time Democratic presidential candidate Hillary Clinton has come out against Arctic drilling. But with the news yesterday that the Obama administration has given final approval to Shell to drill this summer in the world`s most pristine waters, she must have felt obligated to mention it again. This time in a tweet. The Arctic is a unique treasure. Given what we know, it`s not worth the risk of drilling. -H -- Hillary Clinton (@HillaryClinton) August 18, 2015 Hillary Clinton...

Tags: the risk worth clinton

 

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