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Browsing the "oil industry" Tag

Younger Workers Fleeing Oil Industry, Some May Work For Elon Musk

October 1st, 2020 | by Guest Contributor

These are sad days in the oil patch. US fossil fuel firms eliminated about 105,000 positions — roughly 20 percent of their workforce — between March and June, according to Accenture. BW Research Partnership puts the job losses at 118,000 between March and July


The Oil & Gas Industry Doesn’t Have A Bright Future

June 2nd, 2020 | by Gerard Reid

The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result


We Should Not Bail Out Oil Companies

April 23rd, 2020 | by Johnna Crider

We should not bail out oil companies. But we probably will since Trump is scrambling to do just that. As we know, the price of oil in the US fell below zero for the first time ever the other day


Dear Oil Executive, Is There A Lack Of Imagination?

April 21st, 2020 | by Daryl Elliott

Yesterday, the price of oil dropped below the $0 line. For the first time in history, the price was negative. Bloomberg reports that the price reached minus $37.63 per barrel. This means oil companies are paying people to haul oil away because they have so much of it, more is on the way, and they have to make room for the new oil deliveries already en route


Tesla’s Alligator-Like Adversaries Represent $3.6 Trillion In Revenue Per Year (Infographic)

June 7th, 2019 | by Guest Contributor

Many have wondered why the mainstream press coverage of Tesla is so relentlessly negative. Someone who wasn’t familiar with the company, glancing at a typical day’s headlines, might imagine that Tesla is a company that uses child labor to manufacture chemical weapons to sell to terrorists, rather than one that builds universally-admired cars in American factories with the goal of reducing air pollution and making the roads safer


Condoleezza Rice Discusses Peace In The Middle East At Stanford Global Energy Forum

November 23rd, 2018 | by Susanna Schick

One of the speakers was Saudia Arabia’s Permanent Representative to the UN, Abdallah Al-Mouallimi. He began with the official statement (as of that day, November 1st, 2018) about the massacre of Saudi journalist Jamal Khashoggi. Then he and Secretary Condoleezza Rice got down to the business of how Saudi Arabia plans to remain a viable country as demand for oil shrinks. As oil represents 46% of its GDP and 87% of its exports, this is a massive challenge to its (rather imbalanced) economy. Rice asked him a host of touchy questions with the utmost diplomacy, as expected from a former Secretary of State


Stanford University Holds Inaugural Global Energy Forum

November 23rd, 2018 | by Susanna Schick

Governor Jerry Brown and William Perry. Stanford University Staff Photographer: Harmer. While America was focused on the upcoming election, and before Global Warming rendered most of Northern California completely uninhabitable, the leaders in energy production got together on a beautiful day at Stanford to discuss the future of energy. Not just clean energy, but all energy.


Federal Judge Dismisses NYC Climate Change Lawsuit

July 23rd, 2018 | by Steve Hanley

A federal judge has dismissed a lawsuit filed by New York City against 5 major oil companies, ruling that Congress has given the EPA the exclusive right to file such legal actions. Yes, that EPA. Is there no branch of government that will protect citizens from the damage caused by fossil fuels or hold the companies responsible for their war on climate science?



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