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For Big Oil to Survive “It Needs a Fundamental Rethink”

The low oil price continues to cause carnage with the oil industry and increasingly once-untouchable US shale companies. Indeed, the Saudi strategy to kneecap the American fracking industry looks not only like it is paying off, but will not be...

Tar Sands Companies “Selling Crown Jewels” to Survive

Desperate times mean desperate measures. Something has to give. With no end in sight to the low oil price, Canadian tar sands companies are having to sell what are being described as their “jewels in the crown” in order just...

Is Oil Industry’s $1.6 Trillion Debt Bubble Going to Burst?

Earlier this week, a little glimpse of hope for the oil industry concerning a respite in the oil price plunge all but vanished after it emerged that a “make or break” meeting over the weekend between key OPEC players had...

“No more false solutions. We don’t have time”

There were two different actions over the last few days in Paris, with the same underlying message: as we enter the so-called business end of the COP21 talks, there can be no more false solutions to climate change.