JAZD Oil and Gas

Oil rigs are pretty utilitarian structures, but once they’ve pumped all the oil they’re going to pump, they become useless hunks of metal. If that seems more than a little wasteful to you — not to mention an eyesore, considering how many rigs are within sight of shore — you’re not alone. But not to [...]

On December 23, crude oil prices flirted with $30. That barrier marked the bottom of the price decline that commenced in early July after oil futures hit $147. The $117 price decline has done much to alter the current and prospective landscape for the oil and gas industry and the global economy, too. Just when [...]

Whether the calls for reducing America’s oil dependence on the Middle East that played such a big part in Barack Obama’s campaign will find a home in today’s inaugural address is an open question. But one thing is increasingly clear: America won’t be able to count much on Mexico, still its third-biggest supplier, to help [...]