U.S. Judge Approves BP Settlement for 2010 Gulf of Mexico Oil Spill – CNBC By Reuters BP received final approval from a U.S. Judge to pay $18.7 billion in fines to the U.S. government and five states affected by the 2010 oil spill. The agreement requires BP to pay at least $12.8 billion to the […]
Read More 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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Drone Analyst Judging by the headlines, 2014 turned out to be the year for drones. I referenced in Tweets a total of 503 articles with the word ‘drones’ in the headline last year. A Google search brings up about 61.4 million results referring to ‘drones.’ Granted, that search includes references to military and hobby drones, […]
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oilprice.com By Thomas Miller These days drones are catching a lot more attention than from just hobbyists and areal photographers. Even the Secret Service announced plans recently to fly Unmanned Aircraft Systems into otherwise restricted airspace in and around Washington D.C. during the wee hours of the morning. Why? To discover where potential vulnerabilities are […]
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Oil Price By Thomas Miller Have you ever noticed that during extreme economic cycles, when trends are roaring on the upside, or conversely crashing back down to earth, there often appears an air of extremism in news headlines? Take America’s most recent shale oil boom, and bust, for example. On the way up, you may […]
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Shale Energy Insider By James Perkins The future of drilling in north Ohio shale deposits is on hold because of basic economics, according to local political leaders. There were tentative plans to begin exploratory wells in the spring of 2014, but a lack of demand and increased production in the south of the state, elsewhere has […]
Read More By Bloomberg News Things are slowing down at the nation’s largest oil-import hub. The Louisiana Offshore Oil Port, which six years ago imported more than 1 million barrels a day from countries including Saudi Arabia, Nigeria and Iraq, is receiving just half of that from overseas. The trend is reflected at harbors from Mississippi to […]
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