Remove 2016 Remove Cleaning Remove Oil Prices Remove Vermont
article thumbnail

Day Of Reckoning For US Shale Will Have To Wait

Green Car Congress

In fact, Jeffries sees the spring of 2016 as a more critical deadline for struggling drillers hoping to keep their credit lines open. “We E&P companies could resort to loans in order to pay off maturing debt, not unlike charging one credit card to wipe clean the debt on another. rig count has declined by more than half, U.S.

article thumbnail

Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Oil 150