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Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

When oil prices were high and production was relentlessly climbing, energy related junk bonds looked highly profitable. The situation will compound itself if oil prices stay low. Without the ability to finance drilling, smaller or more indebted oil companies may not have a future.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

The State Department released the long-anticipated and voluminous Final Supplemental Environmental Impact Statement (Final Supplemental EIS) for the proposed Keystone XL oil pipeline project. The document is posted on State’s Keystone project site , which it has run since the beginning of the Keystone XL Presidential permit process in 2008.

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