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Plunging Oil Prices Trigger Economic Downturn in Fracking Boom Town
2015-01-03 16:21:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: When fracking and horizontal drilling made the oil embedded in North Dakotas underground Bakken shale formation accessible for extraction, it touched off something akin to a gold rush in the state. Oil production has grown 600 percent in the last decade. Small towns, called man camps, have sprouted with growing populations of oil field workers, bringing both increased economic activity and employment and increased crime and social problems such as sexual assaults. But plummeting oil prices...
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Hedge Fund Jana Partners Dumps Plunging Civeo Shares After Winning Board Seats In October
2015-01-02 01:13:55| Oil & Gas - Topix.net
I'm a staff writer on Forbes' investing team, where I cover banks, asset managers and corporate mergers. I'm on the lookout for the next big thing being pitched on Wall Street and I like to tell the good, the bad and the ugly stories of deal making that investors missed.
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2 Ways Plunging Oil Prices Could Threaten the U.S. Economy
2014-12-28 15:30:05| Oil & Gas - Topix.net
In just the last three months, oil prices have fallen by 40% to their lowest levels since the financial panic of 2008-2009. Citigroup estimates this might provide the global economy with the equivalent of more than $1.1 trillion in stimulus.
How will plunging oil prices affect Dubai's glittery real estate sector?
2014-12-21 19:52:35| Real Estate - Topix.net
The big threat to the market is that lower oil revenues in the Gulf could slash the amount of money available to buy Dubai property The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report. As the global financial crisis slashed oil and equity prices in 2008, Dubai's real estate market began a collapse that roughly halved residential prices in 12 months and forced the restructuring of tens of billions of dollars of corporate debt.
Could Plunging Oil Prices Kill Kinder Morgan's Dividend?
2014-12-11 18:37:18| Oil & Gas - Topix.net
Oil prices have recently plunged at their fastest rate since the financial crisis and are now trading at five-year lows. Understandably income investors who have been turning to high-yielding energy companies such as Kinder Morgan Inc in recent years may be nervous about the safety and growth prospects of those payouts.