article thumbnail

Opinion: The Dark Side Of The Shale Bust

Green Car Congress

The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. But the bust is leaving towns like Williston, North Dakota stretched extremely thin as it tries to deal with the aftermath. By Nick Cunningham of Oilprice.com.

article thumbnail

White House: OPEC+ oil production increases “simply not enough”

Green Car Congress

OPEC+ is a group of 24 oil-producing nations, made up of the 14 members of the Organization of Petroleum Exporting Countries (OPEC), and 10 other non-OPEC members, including Russia. As a result, EIA’s crude oil price forecast remains mostly unchanged from the July STEO. —US Energy Information Administration (EIA).

Oil 243