SAN FRANCISCO (CBS SF) — A state appeals court upheld dismissal of a lawsuit in which environmentalists sought to challenge crude oil rail shipments through Richmond. 459 more words
Tags » Bakken Shale
Exactly three years ago from last Tuesday, a 74-car freight train carrying nearly 30,000 gallons of crude oil was parked for the night when, in a fateful series of events, its brakes were unwittingly shut off. 339 more words
Forget wealth effect. The global equity market can’t have a smooth bull run if oil prices are tanking.
This is because commodity-related capital expenditure accounts for around 30% of total capex globally, so even though consumers may benefit from cheaper oil, companies are hit first. 421 more words
Oil prices continue to swing wildly, but they are subject to a hard fact—the incessant flow of US shale oil, which, according to a leading energy research firm, is likely to dip only slightly this year before rising again by next summer. 338 more words