Oil Change International

Exposing the true costs of fossil fuels

Posts in oil industry outlook

  • C: Kate Ausburn

    A Record Year for Renewables

    The renewable revolution is gathering apace according to new research. Last year was an “extraordinary” record year for the sector, with “the largest global capacity additions seen to date.”
  • fracking photo

    Fossils Fuels Could be Phased Out “Within 10 Years”

    As the saying goes: the stone age did not end due to the lack of stones and the oil age will not end due to lack of oil. It will end due to climate change and the coming clean energy revolution.
  • Bob

    Bob Dudley’s $20M Pay Packet is “Reward For Failure”

    I want to tell you a story about a man called Bob. Bob runs a large multinational oil company. His company has just recorded its worst ever record loss of $6.5 billion. He has sacked some 7,000 workers, ruining lives and ripping up livelihoods. His company has suffered a torrid, horrible year. His share price fell 13 per cent over the last year. His competitors all did much better.
  • Model 3

    “Adios Gas-Powered Cars”

    “The typical American male devotes more than 1,000 hours a year to his car”, so wrote the Austrian philosopher Ivan Illich way back in 1974.
  • Drilling_Roughnecks

    Oil Bottoms Out, But is US Shale Too Wounded to Respond?

    Eventually what goes down, must come up. And to the relief of everyone in the oil industry, the global energy watchdog, the International Energy Agency (IEA) believes that there are signs that oil prices "might have bottomed out.”
  • Flickr Creative Commons: Simon Fraser University

    For Big Oil to Survive “It Needs a Fundamental Rethink”

    The low oil price continues to cause carnage with the oil industry and increasingly once-untouchable US shale companies. Indeed, the Saudi strategy to kneecap the American fracking industry looks not only like it is paying off, but will not be reversed anytime soon.
  • Cowboy_Duel

    High Noon in Houston

    The big beasts of the global oil industry will gather today at one of the most important events in their calendar – the IHS CERAWeek conference in Houston, which is often dubbed the Davos of the energy industry.
  • oil well

    Business Model of Big Oil “Fundamentally Flawed”

    Written anywhere but the Financial Times, an article on the future of the oil industry might just pass you by.
  • Syncrude Oil Operations in Alberta Tar Sands

    Tar Sands Companies “Selling Crown Jewels” to Survive

    Desperate times mean desperate measures. Something has to give. With no end in sight to the low oil price, Canadian tar sands companies are having to sell what are being described as their “jewels in the crown” in order just to survive.
  • outstanding debt

    Is Oil Industry’s $1.6 Trillion Debt Bubble Going to Burst?

    Earlier this week, a little glimpse of hope for the oil industry concerning a respite in the oil price plunge all but vanished after it emerged that a “make or break” meeting over the weekend between key OPEC players had ended with no agreement on cutting production.
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