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Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. by Nick Cunningham of Oilprice.com.

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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.

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ExxonMobil vs. Chevron: Fight For Second-To-Last Place Among Fossil Fuel Companies

CleanTechnica EVs

Article courtesy of Union of Concerned Scientists. As the weather grows warmer, bears, birds, and corporate America begin to emerge from their respective hibernations. Bears will awaken hungry with thoughts of berries; birds will fly north, reversing their southern migration; corporate America will prepare their proxies and ballots.

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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.

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Thanks For The Sheer Speculation B t Article On The Benefits Of Oil Drilling @LATimes. Were You Overcome & Made Dopey By The Toxic Fumes From Chevron El Segundo?#JoeTakesOnTheNews

Creative Greenius

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I’ve Done The Math – Now I’m Doing Something About It

Creative Greenius

Bill McKibben’s “Do The Math” article in 2012′s Rolling Stone magazine taught us that we cannot burn any more than 565 gigatons of carbon if we want to stay at 2° or lower. But our friends in the oil, coal and gas industry have 5,795 gigatons of carbon on the books. ” What a no-brainer.

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US Lifted The Crude Oil Export Ban, And Exports Went Down

Green Car Congress

Just over three months after the authorities lifted the four-decade ban on crude oil exports, the US has actually exported less this year than it did over the same period the year before, when the ban was still in place. crude oil export volumes since the beginning of this year. oil, according to a Reuters source. Census Bureau.

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