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2026

2026

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.

Oil “Glut” Signals Trouble for Shale and Tar Sands

There has been a huge amount written over the last few days about the plummeting oil price. One British newspaper is warning of an “oil war” as the price of Brent crude “tanks” on the back of oversupply in the...

“We came within a hair’s breadth of a calamity”

And on it goes. One accident after another. But this time a major disaster was averted by a whisker. On Monday a freight train, which was carrying fracked and highly flammable shale oil from North Dakota, derailed on a bridge...