While the Standard Oil Trust fixed prices, set production quotas and ruthlessly forced out competitors, the Organization of the Petroleum Exporting Countries has control of the industry. If history repeats itself, will the oil industry respond with market manipulation?
After former BNSF locomotive engineer, Bryan Thompson, suffered injuries from an oil-by-rail train the company is arguing that some federal laws protect them from paying. Are U.S. laws and policies structured to favor the powerful rail industry over people?
A former BNSF employee is suing his former employer because he has gone through, and continues to go through, severe and permanent injuries and damages after the company's oil-by-rail train exploded while he was on the job.
Sweden has cancelled an arms sale with Saudi Arabia because of the way they jailed and fogged blogger Raif Badawi, which has ultimately hurt the two country's relationship. This may lead to Sweden focusing more on green energy since their petroleum purchase usually comes from Saudi Arabia.
Big Coal and Big Oil are dead men walking. So if you have hopes in retiring on them, think again. Stocks in these companies will get you nowhere—they're outmoded and prone to crashing. It's time to put your securities elsewhere.
Oil prices continue to plummet, hurting states in the U.S. such as North Dakota, where fractured petroleum can't compete with the prices. Yet, King Salman refuses to change the policy or give up Saudi Arabia's oil market share.
While the industry promised to phase-out DOT-111s, these “bomb trains” continue to roll through towns and cities across the U.S. It seems their promise has rung hollow.