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Is The U.S. Shale Oil Boom Going Bust? : NPR

The shale oil boom that catapulted the U.S. into the world’s largest oil producer may be going bust. As oil prices drop amid weakening demand, bankruptcies and layoffs are up and drilling is down, signs of a crisis that’s quietly roiling the industry. Some of the most successful companies in …

Idle mines portend dark days for top US coal region

GILLETTE, Wyo. (AP) — At two of the world’s biggest coal mines, the finances got so bad that their owner couldn’t even get toilet paper on credit. Warehouse technician Melissa Worden divvied up what remained of the last case, giving four rolls to each mine and two to the mine …

Germany to close all 84 of its coal-fired power plants, will rely primarily on renewable energy – Los Angeles Times

Germany, one of the world’s biggest consumers of coal, will shut down all 84 of its coal-fired power plants over the next 19 years to meet its international commitments in the fight against climate change, a government commission said Saturday. The announcement marked a significant shift for Europe’s largest country …

Is oil price cartel Opec on the verge of collapse?

“Opec might die,” admitted Iranian oil minister Bijan Zanganeh to a pack of reporters at the crude cartel’s meeting in Vienna last week. “It has lost its authority and it is on the verge of collapse.” The oil price barely flinched after the 14-nation group announced a nine-month extension to production cuts …