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Commentary: Could falling oil prices spark a financial crisis?

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Junk-bond debt in energy has reached $210 billion, which is about 16 percent of the $1.3 That is a dramatic rise from just 4 percent that energy debt represented 10 years ago. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors.

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US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

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US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 million b/d. million b/d.

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Opinion: Everyone Is Guessing When It Comes To Oil Prices

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Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. Biofuels grow at a slower rate due to lower crude oil prices and.

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The Game-Changing Water Revolution: Interview with Stanley Weiner

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Amid this doom and gloom, a water revolution is emerging, led by energy industry figures who realized the endless potential of tapping into new water sources and processing them with advanced desalination technology that, for the first time ever, is economically feasible. What it means for the oil and gas industry.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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The proposed route evaluated differs from the route analyzed in the 2011 Final Environmental Impact Statement in that it would avoid the environmentally sensitive Nebraska Department of Environmental Quality (NDEQ)-identified Sand Hills Region and no longer includes a southern segment from Cushing, Oklahoma, to the Gulf Coast area.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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A barrel of dilbit contains 30% diluents (that do not make significant contribution to gasoline) and 70% bitumen (with a high fraction of residuum, requiring a higher amount of energy-intensive coking to make gasoline and distillate fuels along with a higher fraction of petroleum coke than light crudes). tank-to-wheels, TTW).