Independent thinking for complex markets and current events
Jan. 24—A massive drilling rig operating on ConocoPhillips’ behalf toppled over while traveling along a gravel road on Alaska’s North Slope on Friday afternoon, local and company officials said. No one was seriously injured and all personnel were accounted for in the incident, which occurred around 4:45 p.m. Friday and involved the Doyon 26 rig, …
Palantir CEO Alex Karp on Zohran Mandani: “The average Ivy League grad voting for this mayor is annoyed their education is not that valuable, and that the person who knows how to drill for oil has a more valuable profession” “I think that annoys the fuck out of these people” Palantir CEO Alex Karp on …
Big Oil says the music has stopped playing in Texas. CapEx plans RIP. New drilling RIP. Layoffs next. pic.twitter.com/OhB16MxTXo — Spencer Hakimian (@SpencerHakimian) May 7, 2025 What did I warn about last night? Why do you think OPEC increased production Monday? To shut down ours and then have pricing power. https://t.co/DPyqUfi55p — QE Infinity (@StealthQE4) …
by David Haggith The real gold is truth, but sometimes you have to drill deep to find it. “Sorry can’t hear you over the roar of so many burning dollars.” Let’s start with how Treasury Secretary Scott Bessent implied less than two days ago that a deal with China was getting close, as was de-escalation …
A federal court struck down the Biden administration’s last-minute restrictions on an upcoming offshore oil and gas lease sale in a ruling late Thursday evening. Judge James Cain of the Western District of Louisiana granted a preliminary injunction request from plaintiffs — the State of Louisiana, industry association American Petroleum Institute (API) and oil companies …
Democratic Rep. Alexandria Ocasio-Cortez, who led the charge for progressives’ once-fringe Green New Deal, is now just one election away from chairing the House subcommittee responsible for overseeing America’s oil and gas drilling on public lands, E&E News reported Tuesday. Ocasio-Cortez currently serves as the ranking member of the Energy and Mineral Resources Subcommittee, establishing …