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Items Tagged with 'oil industry'

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Oil price halved June to December last year

Even as the Great Recession was unfolding in 2008, the seeds for a second-half 2014 collapse in oil prices were being sown. Oil industry boom-and-bust is more than just a cliché, it’s both cause and effect of bad decision making.
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Oil industry in rush to replace old tank cars

The U.S. Transportation Department has drafted rules that provision a six-year period for oil companies and railroad operators to replace old tank cars that are prone to rupture with new, safer ones, but it seems that operators have no plans to wait that long.
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