Economy & Business

"Shale's Running Out of Survival Tricks as OPEC Ramps Up Pressure"

"In 2015, the fracking outfits that dot America’s oil-rich plains threw everything they had at $50-a-barrel crude. To cope with the 50 percent price plunge, they laid off thousands of roughnecks, focused their rigs on the biggest gushers only and used cutting-edge technology to squeeze all the oil they could out of every well."

Source: Bloomberg, 12/29/2015

"Spending Deal To Lift Oil Export Ban"

"Lawmakers have agreed to lift the four-decade-old ban on crude oil exports as part of a spending and tax package announced by congressional leadership on Tuesday night, according to a GOP lawmaker. In exchange, Republicans agreed to extend a series of expired or expiring renewable energy tax breaks."

Source: The Hill, 12/16/2015

Pages

Subscribe to RSS - Economy & Business