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Oil Price Slide Worsens Company Debt Woes
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Companies have been borrowing more and more to drill in America’s oil fields, a trend occurring long before the dramatic slide in oil prices of the last six months.
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When Oil Prices Drop, Size And Location Matter
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The rapid slide in oil prices is having the most impact on small oil companies in the Bakken.
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As Oil Prices Fall, Energy States Suffer
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A new study ranks states whose economies will be hardest hit by falling oil prices. North Dakota tops the list.
IE Read Feed
Deep Debt Keeps Oil Firms Pumping
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The Wall Street Journal | Even as oil prices continue to plunge, U.S. oil companies plan to keep drilling in order to pay off large amounts of debt.
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Oil’s Fall Continues Into 2015, And Stock Markets Shudder
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The New York Times |Oil prices hit a new 5-year low this week, with West Texas Intermediate falling below $50 a barrel on Monday.
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The Boom: Short-Term Gain, Long-Term Pain
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The United States has been experiencing an oil and gas boom for the last five years. It has helped the country’s economic recovery and created thousands of jobs for people in states like North Dakota, Wyoming and Texas. But although booms are often heralded for the economic opportunities they provide, they also have a darker side.
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The Bust: A Difficult Cycle To Break
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Oil prices have been in freefall in recent months, dropping by more than half since June. For energy states, that’s bad news. The American West has a long tradition of booms and busts, and in some states, like North Dakota and Wyoming, they continue to be a defining feature of the economy. But do they have to be?
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As Oil Dips, What To Watch For In Colorado And Other Boom States
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KUNC | A useful guide for monitoring the impact of the oil price slide in energy boom states.
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Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015
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EIA | The US Energy Information Administration (EIA) is predicting oil production to continue to rise next year, despite the slide in oil prices.
