Newsletter: Despite Falling Prices North America’s Fossil Fuel Sector Makes Healthy Profits

May 5, 2015By Lorne StockmanData Trends, Newsletter

This post was co-authored by Shakuntala Makhijani and Lorne Stockman. Oil, gas, and coal prices all fell dramatically in 2014, but North American fossil fuel industry* profits still totaled a healthy $257 billion. These profits were a modest 22% less than 2013, with the declines unsurprisingly concentrated in the upstream fossil fuel industry. The coal mining … Read More

Newsletter: Counter Trends: Is an Oil Production Decline Imminent, or Will Tax Breaks Trigger a Renewed Surge?

April 2, 2015By Shakuntala MakhijaniData Trends, Newsletter

Crude oil prices remained low and unstable over the past month, causing U.S. oil producers to continue to idle drilling rigs (Figure 1). [1] In light of these trends, the EIA released data suggesting a production decline in some shale plays may be imminent. The March EIA monthly Drilling Productivity Report found that while increasing productivity … Read More