Archives for 2016
Rig count jumps by 20; largest increase in two years
The number of oil and gas rigs in U.S. fields boomed this week, rising by 20 — the largest jump since the peak of the shale oil boom two years ago. U.S. oil drillers collectively...
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Arctic dropped from U.S. offshore leasing program
WASHINGTON – The United States will not allow offshore oil and gas drilling in the U.S. Artic for the foreseeable future, U.S. Interior Secretary Sally Jewell announced Friday. The Obama administration had been considering allowing...
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Coal expected to surpass natural gas as dominant winter fuel source
In recent years, coal and natural gas have been dueling for the role of the nation’s largest electricity source, and it seems like coal will win that battle this winter. Coal is expected to surpass...
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Market Currents: An indicator of Venezuela’s potential bankruptcy
As the U.S. dollar climbs higher and higher (and higher), the crude complex is getting blown over by the gale-force headwinds it is providing. We edge closer and closer to the main event of the...
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Market Currents: OPEC oil exports keep rising
Crude is pushing higher, fanned by OPEC production cut hopes, but kept somewhat in check by rampant US dollar strength on the back of positive U.S. economic data. Hark, here are five things to consider...
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