Oil and natural gas prices have crashed in the last 18 months, wreaking havoc on the industry and leading to tens of thousands of job losses. But, as EnergyWire puts it in a new story, “we also know what economists tell us: Money doesn’t disappear; it just goes somewhere else.”
The US oil and gas industry was shocked by the sudden death of one of its most influential executives. Aubrey McClendon was killed after driving his SUV into a concrete embankment, a day after being indicted on bid rigging and price fixing charges. We explore whether Chesapeake’s cautionary tale contains glimmers of hope.
2015 was a year marked by a dramatic reversal of fortune in the oil industry. Crude oil prices dropped down to a third of their 2014 highs, effectively pouring ice water on America’s shale revolution. What does that mean for the year ahead?