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Hydraulic Fracturing: Risks and Management Hydraulic fracturing, a technique used in oil and gas production, has faced strong opposition from environmental groups in the several decades since the practice came into widespread use. Opponents of hydraulic fracturing assert that the process poses innumerable risks to the environment and human health—and have lobbied governments to impose …
Canada’s freight rail transport could come to a grinding halt after the country’s two biggest railroad operators announced an unprecedented, simultaneous work stoppage following deadlocked talks over labor contracts. Canadian National Railway and Canadian Pacific Kansas City said they had locked out their workers and shut their networks in the country early on Thursday after …
Canadian Rail Stoppage Set to Squeeze North American Industries Read More »
The actions amount to further pullback by chief executive Jim Farley, who initially accelerated Ford’s shift to EVs Bloomberg News Ford Motor Co. is recalibrating its electrification strategy yet again, cancelling plans for a fully electric sport utility vehicle in a shift that may cost the carmaker around US$1.9 billion. In addition to scrapping an all-electric three-row SUV …
P-I-V-O-T: Ford Pulls Back Further fFom EVs With $1.9 Billion SUV Pivot Read More »
U.S. gasoline futures fell about 3% on Wednesday, cutting their premium over crude oil to its lowest level since November 2023, after government data showed weaker demand on a four-week- average basis. WHY IT MATTERS The U.S. consumes the most gasoline in the world, and demand for the motor fuel is typically the highest from …
U.S. Gasoline Margins Slump on Lackluster Summer Demand Read More »
By Sourasis Bose Deal creates one of the largest US coal companies Combined company to export bulk of production to Asia Arch stockholders to own about 45% of combined company Consol shareholders to own rest Aug 21 (Reuters) – Arch Resources (ARCH.N) will merge with Consol Energy (CEIX.N) in an all-stock deal to create a …
Consol Energy, Arch Resources Strike Merger Deal to Create $5 Billion Coal Mining Giant Read More »
HOUSTON, Aug 21 (Reuters) – Shares in U.S. oil producer Occidental Petroleum (OXY.N) fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor Warren Buffett’s Berkshire Hathaway (BRKa.N). Past multimillion-share purchases were so routinely timed to drops below $60 that Wall Street analysts called it “the …
Will Buffett’s ‘Put’ On Oil Firm Occidental Halt Share Drop? Read More »
Pipeline operator Enterprise Products Partners said on Wednesday it will buy smaller peer Pinon Midstream for $950 million in cash to expand its natural gas infrastructure. The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators …
Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Mln Read More »
More oil usage is fueled by global economic demands, Ebel says North America plays a key role in growing LNG market, CEO says Enbridge Inc. Chief Executive Officer Greg Ebel said oil demand may continue to grow in the decades ahead, putting his company’s internal assumptions among the more bullish forecasters of long-term crude usage. Oil demand by …
Enbridge CEO Sees Strong Oil Demand in 2050, With U.S. Supply Growing Read More »
It’s dishonest to focus on affordability and ignore the risks — and costs — associated with emissions-driven climate change By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. A few days before …
COMMENTARY: Vance Attacks Harris on Energy by Cherry-Picking Facts Read More »
Warmer temperatures are less of a threat than cold ones, and fossil fuels make us safer from both By Alex Epstein This is Part 3 of a 4 part feature where I cover 4 of the top energy issues that will be discussed this summer, especially as politicians return home for August Recess. Warmer temperatures …
COMMENTARY: Summer Talking Points: Warm Temperatures – Alex Epstein Read More »
