Oil Industry Fighting Back

Plans to build charging stations across the country are being crushed by groups backed by industry giants like Exxon Mobil and Koch Empire. According to utility commission filings, these groups have challenged electric companies’ across the United States. Electric utilities are seeking approval on building charging networks in locations such as shopping centers and rest […]

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BP Exits Alaska

British Petroleum (BP) announced this week that they are selling their Alaska operations to Hilcorp Energy Co. for $5.6 billion dollars, ending their six-decade existence in “The Land of the Midnight Sun.”  The sale to Hilcorp Energy Co includes BP’s stake in the Prudhoe Bay oil field, the Point Thomson gas field and the Trans-Alaska […]

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Stackin’ Equipment in Exchange For Returns on Wall Street

Halliburton Co. announced this week that it has cut eight percent of its North American workforce as a response to a slump in demand for hydraulic fracturing and have removed unused fracking equipment in the United States and Canada.  The Houston-based contractor and world’s biggest provider of fracking equipment made the decision to downsize personnel […]

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Early Morning Explosion

Early Friday morning, a massive explosion occurred in south Philadelphia at the Philadelphia Energy Solutions Refining Complex. The 150-year-old oil refinery, opened in 1866 just after the Civil War, had a vat of butane ignite and explode causing Interstates 76 and 95 to close and even “rattled” homes in the South Jersey area.

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Trump’s Tweet Tilts Markets

It has been a wild Monday for traders after President Trump tweeted yesterday that the United States will increase tariffs on $200 billion of Chinese imports, which, is casting doubt on the likelihood of a successful U.S. and Chinese trade deal.

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“Oil Buyers Club”

China and India have had considered on creating a “club” which will negotiate better prices with oil exporting countries and will be looking to import more U.S. crude oil in order to reduce OPEC’s sway. Two of the world’s largest oil importers, second and third respectfully, have exchanged senior level visits several times to discuss […]

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