Bank of America: $50 A Barrel on Its Way
The US shale industry faces a Darwinian struggle over the next few months as only the fittest producers will survive as the price of crude plunges to $50 a barrel, the Bank of America has warned.
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Read the latest insights and analysis from the experts at Oil Change International.
Banks “Circling” Tar Sands Debt
The message from the markets for the North American oil industry is summed up in four simple words by the Financial Times today: “No respite for oil.”
Falling Oil Price “Changing Whole Dynamic” for Tar Sands
When legendary guitarist Jimi Hendrix wrote the song “Castles Made of Sand,” the critics argued that the sand metaphor symbolised “the temporary nature of existence” ” and “how nothing can be taken for granted”.
US “Not Immune” to Oil Price Hike
As war rages in Iraq, and oil and gasoline prices rise, the impotence of the US oil boom is exposed.
Analysts Warn of $200 / Barrel
Last week, President Obama lauded the fact that America was poised to become the number one energy producer in the world this year.
Amidst Drilling Boom, Average Price For U.S. Gasoline Hit Record High In 2012
The U.S. is experiencing a domestic oil boom that could soon make it the world’s largest liquid fuels producer. And how has that surge in production impacted gasoline prices? In 2012, Americans paid more for gasoline than ever before.
