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At crunch time for US drillers, warm weather threatens meltdown
2015-12-20 05:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Strapped for cash, Chesapeake Energy Corp cancelled its traditionally grand display of holiday lights this year, but like most oil and gas drillers it is still dreaming of a white Christmas. A mild North American winter could punish large drillers, especially gas giants like Chesapeake, by curbing seasonal demand for heating of homes and businesses and hurting prices. Energy companies, laden with debt and reeling from a 17-month collapse in oil prices, may now face their most critical few months...
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Category:Electronics and Electrical