Zero emission milestone reached as country is powered by just wind, solar and hydro-generated electricity for 107 hours
Oil majors putting a hiatus on their arctic drilling programs, for now. Shell pulled out earlier after pouring 8 billion with no result.
Thanks to the collapse in the price of natural gas and the innovative combined-cycle gas turbines which operate like jet engines boosting efficiencies to 62% and beyond (33% for coal), gas fired power generation is expected to exceed coal fired generat …
Distressed shale oil and gas companies are taking advantage of the recent oil price short squeeze to raise capital with the help of the investment banks. The catch? The money raised is to pay back the bank loans owned by the same banks before another w …
Junk bond yields hit 20%, as high as 2008 just after Lehman Brothers filed for bankruptcy, plunging the world into a global financial crisis.
As tight oil and gas companies kick the bucket, the contagion begins to spread to the banks with significant loan exposures to the energy sector.
42 tight oil and gas bankruptcies in 2015 with $17.2 billion debts. Recoveries average 15 cents on the dollar for secured and unsecured creditors.
Mining giant BHP Billiton has just written off $13 billion of its $20 billion US shale oil and gas asset purchases since 2011.
The “solar singularity” is the point where solar becomes so cheap in a majority of countries around the world that it is established as the default new power source. At this point, solar will very likely go vertical in its growth curve.
Last week Congress ended the US oil export ban, ostensibly due to the over-abundant supply from tight oil. But the irony, as Art Berman explains, is that the US is far more economically vulnerable and dependent on foreign oil today than it was when cru …