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Appeals Court Doesn't Stop Crude Oil Rail Shipments Through Richmond

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

News

Explosive oil trains are feeling some serious heat this week

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

Climate & Energy

Credit Suisse: Oil Has Stabilized Because Saudis Got What They Wanted

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

Oil bulls are subject to a hard fact, which is that US shale is a stubborn bear

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