Daily Archives: October 29, 2015

One Chart That Explains The Stupidity Of Congress’ SPR Plan

Rate this article Article Abstract: Buy high, sell low. The definition of stupid.That’s what Congress is considering as it eyes selling oil from the U.S. Strategic Petroleum Reserve (SPR) to pay for certain projects in its latest spending plan.The last time the U.S. bought oil for the SPR in 2000 through 2005, oil prices were…

Why Do Oil Companies Manage Their Own Logistics?

Rate this article Article Abstract: As Canada’s upstream petroleum industry struggles to deal with low commodity prices, more and more attention is being paid to the relationship between exploration and production companies (E&P) and their oilfield service (OFS) suppliers. Clients have successfully extracted as much price reduction as they can from their vendors. The next…

Top Oil Companies Report Dismal Earnings

Rate this article Article Abstract: After a dismal quarter for oil prices, the oil majors are starting to report their earnings – and they don’t look good.Royal Dutch Shell is the latest to release figures, outdoing some of their peers in terms of red ink. Shell posted a rather large third quarter cost-of-supplies loss –…

10 Tips For Oil Companies To Ride Out The Storm

Rate this article Article Abstract: It’s been a long and tough year so far for oil and gas producers.While cheap oil has been a boon for American consumers and some businesses, it has caused substantial damage to the energy sector and various components of the global economy.Long gone are the days $100-plus oil. A worldwide…

As Fuel Prices Drop, Consumers Spend Savings On – More Fuel

Rate this article Article Abstract: It’s not news that the drop in oil prices has had a double-edged effect; hurting energy companies’ bottom lines but blessing motorists with less-expensive gasoline. What’s odd – some would say senseless – is what these consumers do with the money they’ve saved.First, they spent about 80 percent of the…

Copper Foam Could Revolutionize Battery Storage

Rate this article Article Abstract: Imagine a lightweight battery that can be any size or shape imaginable, that’s economical and environmentally friendly to make and to use, that charges faster than a conventional battery and holds that charge longer.You’re not dreaming because it may be a reality in the not-too-distant future, powering everything from electric…

This Breakthrough Could Lead To More NatGas Vehicles On The Road

Rate this article Article Abstract:  University of California at Berkeley chemists have developed an innovative new storage material for methane that could lessen the complexity of filling up with natural gas, and extend the range of such vehicles. The material is a flexible metal organic framework that expands when methane is pumped in. The UC…

Fluor energy construction firm sees $70 as the new $100 oil

Rate this article Article Abstract: Fluor posted relatively flat net income of $176 million from continuing operations for the third quarter that was down 3 percent from last year, but revenues were down much more and the energy engineering and construction company reduced its earnings guidance going forward. from Fuel Fix Click Here To Read…