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Low Oil Prices Putting The Freeze On Fracking Projects Around The World
2014-12-08 11:26:00| Climate Ark Climate Change & Global Warming Newsfeed
Business Insider: The collapse of oil prices may have a bigger impact on the shale boom than anyone realizes. The biggest threat may not be to the existing wells in the US, but the untapped resources around the world. According to Bloomberg, "Russia, China, Australia, Mexico and Argentina hold some of the [world's] richest shale reserves," but haven't yet invested in the fracking technology to drill them. Because the price of oil isn't high enough to cover the costs, there's just no economic incentive to start....
Plunging oil prices hit real estate market in Oman
2014-12-06 16:33:08| Real Estate - Topix.net
The growth enjoyed by the real estate market in 2011 and 2012 was due to the policy of the Ministry of Housing to distribute residential plots to most of the citizens in the Sultanate. Photo - File Muscat: The real estate market, not just in the Sultanate, but in the other Gulf Cooperation Countries as well, is strongly associated with national economic activities involving funds derived from crude oil exports.
Tags: real
estate
market
prices
Commentary: Could falling oil prices spark a financial crisis?
2014-12-05 19:55:32| Green Car Congress
Tags: prices
financial
oil
crisis
Airlines soar as oil prices plunge; but don't look for lower fares yet
2014-12-03 00:14:35| Airlines - Topix.net
Airline stocks are flying high, thanks to a steep drop in oil prices, but don't expect a sudden slashing of fares. Air Canada shares had their best close in six years, ending the day at $11.51, while WestJet Airlines hit an all-time high during intraday trading.
What lower oil prices mean for Canadian rails
2014-12-02 18:55:30| Railroads - Topix.net
Black tank cars used to transport crude oil from North Dakota are parked among other rail traffic at a train yard in Tacoma, Wash. Declining oil prices will likely have a negative impact on Canadian railroads given their exposure to the energy sector, but the damage may not be as bad as some expect.
Tags: prices
lower
oil
canadian
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