by Oilprice.com • • Comments Off on Fracking Fluids to Blame for Rail Car Explosions
There has been a surge of derailments of trains carrying crude oil that resulted in huge, deadly explosions, highly unusual for crude oil trains. But the oil originated from the Bakken shale formation in North Dakota.
by Oilprice.com • • Comments Off on Iran, Russia Ruffle US Feathers With Oil Swap Deal
Iran and Russia are in talks about a potential $1.5 billion oil-for-goods swap that could boost Iranian oil exports by 50%, which didn’t go over very well in Washington.
by Oilprice.com • • Comments Off on Offshore Fracking (And Dumping Chemicals Into Coastal Waters) Beyond The Public Eye
Oil companies have been fracking offshore California and dumping chemicals into coastal waters for as long as two decades. It wasn’t until recently that FOIA requests brought it to light. Now the EPA is feebly trying to step in.
by Oilprice.com • • Comments Off on Brazil’s Energy Sector Struggles With Its “Oil Revolution”
Brazil has been touted as Latin America’s oil powerhouse, projected to account for one-third of global supply growth by 2035. But poor policies and bad luck are throwing cold water on these projections.
by Oilprice.com • • Comments Off on Make No Mistake About It: The Storm Has Hit in Turkey
Turkish Prime Minister Erdogan, his party (the AKP), and the business elite attached to them have become targets of a focused corruption scandal that he may not survive. It should shake investor confidence to its core.
by Oilprice.com • • Comments Off on Clean Energy Presents “Perfect Storm” for Utilities
A UBS report finds that the declining costs of renewable energy and energy storage are presenting a “perfect storm” for big utilities: They upend centralized electricity generation and put the utility business model in jeopardy.
by Oilprice.com • • Comments Off on Smart U.S. Oil Money Is on Rail
US oil production is breaking 20-year records. With the International Energy Agency suggesting the boom won’t last, smart investors are getting behind rail as the delivery tool of choice. Forget the controversial Keystone XL pipeline.
by Oilprice.com • • Comments Off on Ukraine, Third-Highest Default Risk In The World, Squeezed By Russia, Makes Two Gas Deals To Save Its Hide
By Scott Belinksi, OilPrice.com: If one were to believe most Western media outlets, the Ukraine has been lost to Russia. But two gas deals the Ukraine has reportedly made, one with Russia, the other with Slovakia in the EU, show that reality is slightly more complex.
by Oilprice.com • • Comments Off on Rising Slag Heaps of Petcoke Stir Up Environmental Concerns
By John Daly, Oilprice.com. A product of the Keystone XL pipeline delay is that crude from the Alberta oil sands is refined in the Midwest, generating slag heaps of petroleum coke, or “petcoke,” whose airborne particles has local residents up in arms.
by Oilprice.com • • Comments Off on The Makings of a Petro-State in North Dakota
By Nick Cunningham, OilPrice.com: The Energy Information Administration predicts the Bakken formation in North Dakota will surpass 1 million barrels per day of oil production in December. Since 2010, production has skyrocketed. So has the money.
