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How the plunging price of oil has set off a new global contest
2015-07-16 12:28:16| Electronics - Topix.net
He'd spent years touting his vision that America would one day dominate one of the world's most powerful markets. And when Harold Hamm, a pioneer in discovering vast reserves of shale oil under American soil, took the stage in front of several hundred oil luminaries, he never acknowledged that the narrative was in doubt.
Plunging oil prices slowing Texas' jobs growth
2015-03-07 23:24:57| Oil & Gas - Topix.net
An oil well owned an operated by Apache Corporation in the Permian Basin is viewed on February 5 in Garden City. The well produces about 55-70 barrels of oil per day.
Tags: jobs
prices
growth
texas
Plunging Oil Prices Choke Off Boom Bakersfield
2015-01-29 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
LA Times: Each year, the American Assn. of Drilling Engineers hosts a meeting here affectionately called the Liar's Club. A cocktail-fueled crowd hears oil companies' well-drilling and production forecasts - estimates often so grandiose everyone understands they are exaggerations. Pledges to drill thousands of wells are common. But at this month's meeting, no one felt like telling tall tales. Fewer than 10 wells were promised, all by small, independent companies. Giant firms - Chevron, Occidental - promised...
Tags: prices
oil
boom
bakersfield
a Plunging prices force oil majors to cut billions in spending
2015-01-26 15:38:08| Oil & Gas - Topix.net
The world's leading oil companies are reported to be planning a $28 billion cut in capital spending by 2017 to keep debt at a sustainable level at a time when oil prices continue to fall. Investment in exploration and development of oil and gas fields could drop by 20 percent by 2017 compared to last year, say analysts at Morgan Stanley as quoted by the FT .
The plunging euro won't benefit American shoppers but will make European vacations cheaper
2015-01-22 22:41:22| Auto Dealers - Topix.net
Americans hoping to save on European goods thanks to a falling euro shouldn't rush to uncork that bottle of French Bordeaux. There's very little to celebrate.
Tags: make
american
euro
benefit