Where is the oil? In the first week of December 2024, the Energy Information Administration (EIA) reported that the U.S. produced a record amount of oil at 13.6 million barrels per day. This record was achieved under the Biden administration despite how we were constantly told this administration| Powering the Planet
“Look around the poker table; if you can’t see the sucker, you’re it.”| Powering the Planet
In 2019 I wrote an article that posed the question, “Will the Public End up Paying to Clean up the Fracking Boom?” The following year I wrote the article, “With Bankruptcies Mounting, Faltering Oil and Gas Firms Are Leaving a Multi-billion Dollar Cleanup Bill to the Public” in which I| Powering the Planet
As Law360 reported, this week Exxon’s lawyers are using a technical legal agreement to claim they want a refund of $1.8 billion from America.| Powering the Planet
History is likely to show that the idea of permanently polluting huge amounts of water and then trying to bury that water deep underground under high pressure likely was a really bad idea.| Powering the Planet
In October, shortly after Exxon and Chevron announced over $100 billion in combined acquisitions, oilfield services company Halliburton’s CEO Jeff Miller warned about the reality of producing oil in the U.S. shale industry. “The reality is you have to do more work in order to stay flat.” This| Powering the Planet
A new legal action on behalf of a pension fund invested in Pioneer Resources is challenging Exxon’s purchase of Pioneer Resources with accusations that Pioneer CEO Scott Sheffield made a deal that was great for him personally — but not for shareholders. In February, the Operating Engineers Construction Industry and| Powering the Planet
Scott Sheffield is one of the most financially successful shale oil and gas CEOs in America. And while he owes this personal wealth in part to producing a lot of oil, it also has helped that he knows how to “talk his book.” Like Exxon CEO Darren Wood, who is| Powering the Planet