The US shale revolution is slowly grinding to a halt as the continuing low oil price takes its toll on the viability of fracking in the country.
Oil Price
āDouble Dipā Oil Plunge Gets āUglyā For The Tar Sands
Those in the oil industry hoping for a reprieve from the volatility of the oil price had their hopes dashed yesterday as the price of oil dropped to its lowest level in four months.
Oil Price āTurbulenceā Still Affecting Tar Sands and Shale
A year on from the start of one of the biggest oil price plunges in recent history, it seems there is going to be no let-up in the turbulence caused by the oil price fluctuations.
Half US Frackers āDead or Sold” By Year-End
There has been increasing speculation over the last twenty-four hours that the oil price might start to rally upwards.
Big Oil Eyes Up āThe Prizeā of Iran
As world leaders converged on the Swiss town of Lausanne over the weekend, their historic deliberations about Iranās nuclear programme were said to have reached the āend-gameā before the deadline at the end of the month.
Solidarity or self-interest: Ecuador and oil in the age of climate change
Resource sovereignty, OPEC and climate change: implications for Ecuador in the struggle to protect biodiversity and indigenous rights in Yasuni National Park
Oil Giant Shell Shelves Dirty Tar Sands Mine
In a sign that the oil price plunge is really beginning to bite, yesterday oil giant Royal Dutch Shell announced that the company is indefinitely postponing plans to develop a new tar sands mine in northern Alberta.
Crude Oil Casualties Mount
Everywhere you look there is carnage in the oil industry as the reality of low oil prices begins to bite. From North America, to the North Sea and the Arctic, the low crude oil price is reshaping the size, shape and prospects of the industry.
Response to EPA comments on Keystone XL
The EPA’s comments point to the fact that at current oil prices the pipeline would certainly trigger additional production in the tar sands, and thus significant additional emissions. Thus Keystone XL clearly fails the Presidentās climate test…
OPEC Wants to “Crush US Shale”
Just how low can the oil price go? What was unthinkable even a few months ago is now becoming distinctly probable, even likely. As analysts dissect the ramifications for the oil industry of $40 dollar barrel, oil traders are now thinking that the price of crude will halve that to a staggering $20 a barrel. Prices have not been that low for twenty years.