The coming few months will prove challenging for the sector, and some small and medium U.S. producers may start missing their debt repayments or even file for bankruptcy
Coal and natural gas production on federal lands have been in decline during the entire Obama Administration; only oil production has shown a bit of an upturn, but has not returned to its peak in FY 2010
While the Europeans are learning the hard way and are dispensing with lucrative subsidies, U.S. politicians want the American public to experience the same pain despite the fact that the developing world is not following in lock step
Why regulators, and especially the media, refuse to address this, even in theory, and instead choose to perpetuate the falsehood of oversupply is beyond me
When low oil prices close doors, technology steps in to reopen them, and certainly innovation will drive the next U.S. oil boom—and the latest advancements are already commercially viable.
Unfortunately, the problems with the Working Group’s estimates of the “social cost of carbon” aren’t limited to a suppression of discount rate reports. There are several other major problems, which the recent OMB document does not solve.
In reality, there is nothing new here: the Earth's climate has warmed and cooled nine times in the past 12,000 years in lock step with the waxing and waning of the Sun's magnetic activity.