Oil companies are dead-serious about slashing costs. A matter of survival.
Oil bust, sins committed & false promises made in good times sink Kern Country.
Alaska gets 90% of its budget from oil taxes, and now that budget is $3.5 billion short.
Time and money are running out for junk-rated energy companies.
Soaring US crude oil inventories.
BHP Billiton, perhaps unwittingly, explains the irony: despite oil glut, collapsed prices, layoffs… US oil production will continue to soar.
The Atlanta Fed begins to fret.
Yet, it’s just the beginning of the Great American Oil Bust.
Years of wondrous Wall-Street engineering dissolve in reality.
Were they afraid of what Thursday would bring?