Business
Energy

EDITORS' PICK

Could The Worst Be Over For America’s Oil Frackers?

Ten weeks into the coronavirus crisis, and a month after crude oil prices dropped below zero, America’s oil producers have slashed output and cut $400 billion off their capital spending budgets.

More from Energy

3 hours ago

The Oil Price Collapse Is Already Over

Well, that was brief. The collapse in the oil price at the start of the Coronavirus crisis got many headlines, but its rapid increase as the recovery phase begins has not attracted so much attention.
16 hours ago

A 5 Trillion Dollar Subsidy: How We All Pay For Fossil Fuels

Each year, fossil fuel producers receive trillions of dollars in subsidies. This reflects an epic market failure. Our atmosphere is a vital shared resource, and current policies allow producers to treat it like a garbage dump. Climate action is key to protect our health and the health of the planet.
16 hours ago

Weak Energy Prices Show Russia’s Achilles Heel

Despite official claims that it can sustain oil prices at $25 per barrel for three to five years, the Government of Russia is already facing an increased budget deficit in 2020, while the nation’s state-owned commodity exports corporations are reporting substantial financial losses.
May 31, 2020

Climate Change Driving Forests To Smaller And Younger Trees

A new study by scientists at PNNL shows that ongoing environmental changes are transforming forests worldwide, resulting in shorter and younger trees with broad impacts on global ecosystems. Stunted growth from rising temperatures more than offset any growth gains by increased CO2 fertilization.