Oil Price Soars, Rig Count Plunges Worst Ever, But Bloodletting Just Beginning by Wolf Richter • Jan 30, 2015 • 8 Comments Oil companies are dead-serious about slashing costs. A matter of survival.
“Oil Capital of California” Declares Fiscal Emergency by Wolf Richter • Jan 29, 2015 • 3 Comments Oil bust, sins committed & false promises made in good times sink Kern Country.
Alaska’s State Budget Collapses by 50% by Oilprice.com • Jan 28, 2015 • 2 Comments Alaska gets 90% of its budget from oil taxes, and now that budget is $3.5 billion short.
Debt and Fracking at Low Oil & Gas Prices: Wave of Defaults, “Outright Liquidations” Next by Wolf Richter • Jan 25, 2015 • 3 Comments Time and money are running out for junk-rated energy companies.
Oil Drilling Cut Fastest Since Stock Market Crash by Wolf Richter • Jan 23, 2015 • 2 Comments US oil rig count swoons.
This Chart Shows Why the Oil Bust Will Last by Wolf Richter • Jan 22, 2015 • 5 Comments Soaring US crude oil inventories.
Why the Great American Oil Bust Will Be Long & Painful by Wolf Richter • Jan 22, 2015 • 11 Comments BHP Billiton, perhaps unwittingly, explains the irony: despite oil glut, collapsed prices, layoffs… US oil production will continue to soar.
Recession in Tar-Sands Rich Alberta? by Oilprice.com • Jan 21, 2015 • Comments Off on Recession in Tar-Sands Rich Alberta? The Canadian Province hit hard by low oil prices.
Manufacturing Hit by Oil-Price Plunge? Southeast Worst Since Financial Crisis by Wolf Richter • Jan 21, 2015 • 10 Comments The Atlanta Fed begins to fret.
Oil Drillers Abandon High-Cost Areas by Oilprice.com • Jan 19, 2015 • 1 Comment Slashing jobs and investments around the globe.
