From FORBES Talk about feeling the Bern — the socialist candidate just told millions of workers that their companies and their jobs and their cars can go to hell. During a speech Saturday in South Carolina, Sen. Bernie Sanders launched into a harangue against political donations to conservative and libertarian causes from people like the Koch brothers and other energy-industry groups.
From SPIEGEL International Germany’s Energy Poverty Germany’s agressive … expansion of wind and solar power has come with a hefty pricetag for consumers, and the costs often fall disproportionately on the poor. Government advisors are calling for a completely new start. If you want to do something big, you have to start small. That’s something German Environment Minister Peter Altmaier knows
Extensions of existing fields continues to push reserves higher The Energy Information Administration (EIA) announced today that 2014 was the fourth-highest year on record for crude oil reserves as the United States added 3.4 billion barrels of crude oil and lease condensate to its proved reserves. U.S. total crude oil and lease condensate reserves at year-end 2014 now stand at
Whiting Petroleum Corporation (WLL) today announced it elected to redeem all of the outstanding $798 million aggregate principal amount of 8.125% Senior Notes Due 2019 of Kodiak Oil & Gas Corp. (now known as Whiting Canadian Holding Company ULC) on December 24, 2015. The redemption price will equal 104.063% of the aggregate principal amount of the notes, plus accrued and
2015 Asset Sales to Date Reach $275 Million Resolute Energy (ticker: REN) has agreed to sell its Gardendale assets for $177.5 million, concluding a “limited marketing process” that began in late September. The buyer was not named. The company has now sold nearly $275 million in assets since March 2015, including the divestures of its Midland Basin and Powder River
A shot heard round the world Last November 27, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided to move away from its traditional role of maintaining a reasonable crude oil price in order to protect its market
Cultural Attitudes: 55 Years can make a World of Difference. So can 12. Remember the iconic 1960-era engineer? He wore a pocket protector in the shirt pocket of his short-sleeved white dress shirt. He usually had two or three ballpoint pens sticking up next to a small slide rule—he was the symbol of a culture that respected and emphasized things
Tesoro Corporation (TSO), through its affiliate Tesoro Alaska Company LLC, has agreed to acquire Flint Hills Resources` (FHR) wholesale marketing and logistics assets in Anchorage and Fairbanks, Alaska. “This investment represents our commitment to efficiently and reliably serve customers in the state of Alaska,” said Greg Goff, Chairman, President and Chief Executive Officer of Tesoro Corporation. “We have been a
Petróleo Brasileiro S.A. – Petrobras informs that most unions have approved the end of the strike. The Company’s production is resuming normal levels. During the strike, production losses totaled 2.29 million barrels of oil and 48.4 million cubic meters of natural gas. Despite the impact on volume, Petrobras has confirmed it will maintain its 2015 production target of 2.125 million
Atlas Resource Partners, L.P. (ARP) (“ARP” or “the Partnership”) announced today that it has entered into an amendment to its revolving credit facility and has completed its semi-annual redetermination of its credit facility borrowing base, resulting in a revised borrowing base of $700 million, a decrease of approximately 6.7% from the previous level. In order to provide increased flexibility as a
An Exclusive Interview with Keith Burdette, Secretary of Commerce for West Virginia Coal has powered West Virginia’s economy for centuries. Generations of West Virginians have come and gone in the Mountain State, and its stalwart blue-collar coal industry continuously attracts the next wave of young people in search of a career in the rolling hills of Appalachia. But the latest generation
Coal loses support as demand in China falters The global coal trade declined for the first time in 21 years in 2014, and likely contracted further this year as well, according to information from the Energy Information Administration (EIA). The global coal trade grew rapidly from 2008 to 2013 as demand in Asia picked up to support expanding economies in
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