Energy

Momentous Change in US Crude Oil Market, with Global Impact

by Wolf Richter • Nov 29, 2019 • 131 Comments

But US “Energy Independence” is More Complicated.

Fracking Blows Up Investors Again: Phase 2 of the Great American Shale Oil & Gas Bust

by Wolf Richter • Nov 23, 2019 • 102 Comments

Including billionaires who thought they’d picked the bottom in 2016.

Oilfield Services Face Crisis as Shale Slowdown Worsens

by Nick Cunningham • Oct 22, 2019 • 37 Comments

Shale oil producers are under fire from investors, while most analysts see a supply glut in 2020.

Drama in the Oil Markets, But This Isn’t 2007 Anymore

by Wolf Richter • Sep 16, 2019 • 168 Comments

How the US shale boom changed the equation. If the attacks on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.

Here Are Photos of Some of the Dilapidated Equipment San Francisco Wants to Buy from Bankrupt PG&E for $2.5 billion

by Wolf Richter • Sep 9, 2019 • 148 Comments

Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look.

Oil Price Correction Triggers Shale Meltdown

by Wolf Richter • Aug 5, 2019 • 38 Comments

Second oil bust in five years – or phase 2 of the same oil bust – exacts its pound of flesh.

Fracking in California is About to Get a Lot More Difficult

by Nick Cunningham • Jul 15, 2019 • 42 Comments

Governor Newsom, six months on the job, finds out what’s actually going on.

Bring on Higher Oil Prices: They’ll Boost the US Economy. Powell Sees it Too. A New Experience for the US

by Wolf Richter • Jun 20, 2019 • 155 Comments

Here’s why.

A ‘’Gusher Of Red Ink’’ for US Shale

by Nick Cunningham • Jun 8, 2019 • 34 Comments

Over 170 shale companies have declared bankruptcy since 2015, affecting $100 billion in debt, including 8 bankruptcies already this year.

Fitch Cuts Pemex to Junk, on Track for Largest “Fallen Angel” in History. Cuts Mexico to Near Junk

by Don Quijones • Jun 7, 2019 • 26 Comments

President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.”

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