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Some oil rms borrowed billions. Now they're getting burned.
2016-03-27 18:43:31| Oil & Gas - Topix.net
Valero Energy spent $50 million to improve its refinery in Three Rivers, Texas, before oil prices plunged. Swift Energy chief Terry Swift walks the grounds at a company drilling site in Tilden, Texas.
Oil i rms borrowed billions. Now they're getting burned.
2016-03-26 18:11:16| Energy - Topix.net
He'd borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he'd gone too far, this was his debt: $1.349 billion. His company, founded by his father almost 40 years earlier, had plunged into bankruptcy and laid off 25 percent of its staff.
Renewable energy could save world billions
2016-03-17 18:54:00| Climate Ark Climate Change & Global Warming Newsfeed
Irish Examiner: Boosting renewable energy generation to meet global climate goals could save as much as $4.2trn (3.75trn) a year by 2030, according to a report asking lawmakers to strengthen clean energy policies. Doubling the share of renewables in the worlds energy mix to 36% between now and 2030 would cost $290bn (261bn) a year and limit global warming to below two degrees celsius, according to the Abu Dhabi-based International Renewable Energy Agency report published yesterday. Mitigating against the harmful...
Tags: world
save
energy
renewable
Oil Driller's Lawsuit Could Cost Texas Billions in Tax Refunds
2016-01-30 16:48:57| Oil & Gas - Topix.net
A loss oil driller's tax challenge could cost Texas up to $4.4 billion in refunds, comptroller Glenn Hegar warns. As plunging oil prices hollow out drilling country across West and South Texas, energy companies are hoping for a mammoth windfall from an unconventional source: the Texas Supreme Court.
Billions of Dollars at Stake in Supreme Court Energy Fight
2016-01-20 09:39:19| Energy - Topix.net
Power generators may see billions of dollars in new revenue if the U.S. Supreme Court strikes down a federal rule that pays factories and office buildings to dim the lights when energy is most needed. Generators say the payouts for curtailing electricity use for what is known in the industry as demand response are too generous.
Tags: energy
court
dollars
fight
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