Week in Review: March 28th

Amid Coal Bankruptcies, Miners to Rally in Waynesburg for Benefits – Power Source By Daniel Moore Over 5,000 members of the United Mine Workers of America came to Waynesburg, PA to save pensions and healthcare programs for retiring miners. Financial burdens have swept the industry, forcing the annulment of union contracts. During bankruptcy procedures, judges […]

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Non-U.S. Shales Prove Difficult to Crack

Wall Street Journal By JUSTIN SCHECK and SELINA WILLIAMS After spending more than five years and billions of dollars trying to re-create the U.S. shale boom overseas, some of the world’s biggest oil companies are starting to give up amid a world-wide collapse in crude prices. Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell […]

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Leonid Bershidsky: Vladimir Putin’s Gas Crunch

National Post By Leonid Bershidsky BERLIN — Ever since Russia became something of a rogue state in the eyes of its European energy clients, it has tried to demonstrate that it can mostly do without them — if not immediately, then in a few years’ time. Two major deals have been announced since the annexation of […]

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China Shale Boom Fizzles as Clean Energy, Imports Take Lead

Bloomberg By Aibing Guo China has sharply cut its output target for shale, signaling the country’s drilling boom is fizzling out before it even gets going. The nation has reduced its goal for the end of the decade to a third of an earlier estimate, as difficult geology, lack of infrastructure and limited exploration rights conspire […]

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How Russia Could Derail US Natural Gas Exports

Christian Science Monitor  By Kurt Cobb Russia and China have signed two large natural gas deals in the last six months as Russia turns its attention eastward in reaction to sanctions and souring relations with Europe, currently Russia’s largest energy export market. But the move has implications beyond Europe. In the department of everything is connected, U.S. […]

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U.S. shale boom not exportable, says former Chesapeake CEO

By James Osborne Aubrey McClendon, former CEO of natural gas giant Chesapeake Energy, argued in a speech Wednesday that the U.S. shale drilling boom is unlikely to be replicated in other countries. McClendon, who now has a new shale venture, American Energy Partners, said the combination of entrepreneurial spirit, expansive infrastructure and the private ownership […]

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oil-pump-dusk

Dollar Climbs to 7-Year High as Energy Stocks, Oil Tumble

Bloomberg By Nick Gentle and Stephen Kirkland The dollar rose to an almost seven-year high versus the yen as growth in manufacturing underscored the strength of the American economy. Most U.S. stocks fell as oil slid to its lowest level in more than two years. The Bloomberg Dollar Spot Index was up 0.7 percent by 5 […]

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Why China’s Slowdown Is Taking a Heavy Toll on Canada

Huffington Post If beaten-up Canadian investors are looking to assign blame for the bruising suffered by their portfolios of late, they could do worse than point an accusatory finger at China. The resource super-cycle that drove valuations so much higher over the last decade is now hobbling along at a snail’s pace and China is […]

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Wireless remotes for RT System

Wireless Seismic facing patent infringement suit

Fuel Fix by Ryan Holeywell Wireless Seismic, the Sugar Land-based company with investment from energy giants Total and Chesapeake, is facing a federal lawsuit alleging that it’s infringing on a rival firm’s patents. On Tuesday, the company was featured in the Houston Chronicle. A day later, U.S. District Court Judge Keith P. Ellison signed an order […]

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