One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks, almost half the entire workforce, their jobs. Texas Oilfield Caps And now, the spread of the coronavirus coupled with an oil-price war between […]
President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers who have hit hard times because of the coronavirus and turmoil in the international market. Quarantine Deez Nutz Caps According to a release, the DOE […]
Experts say things will get worse before they get better. The coronavirus pandemic has already affected all of us directly. Texas Oilfield Caps After seeing all the recent panic buying that include toilet paper, water, meat, milk, etc… experts say fuel is next. “We highly recommend that you […]
Oil is on track for its biggest weekly decline since 2008 as the coronavirus pandemic wreaks havoc on fuel demand and threatens global economic stability. Texas Oilfield Caps Futures in New York tumbled 4.5 percent on Thursday and are on track for a 24 percent weekly drop. President […]
Russia has just sparked what may end up being among the ugliest oil price wars in recent history. And Saudi Arabia is firing back. As the two oil superpowers face-off, American oil companies may end up as the biggest victims. American Oilfield Caps Russian President Vladimir Putin announced […]
Democratic presidential front runner Bernie Sanders openly threatens the fossil fuel industry live on CNN. Oilfield1 Caps During a live interview with CNN following the democratic presidential debate in South Carolina. Democratic presidential front runner Bernie Sanders stated “the fossil fuel industry is worried & they should be […]
Rep. Alexandria Ocasio-Cortez (D-N.Y.), along with Rep. Darren Soto (D-Fla.) officially introduced a national fracking ban in the House. American Oilfield Caps The bill, announced at the end of last month, serves as a companion bill to the Senate legislation proposed by Sens. Bernie Sanders (I-Vt.) and Jeff […]
Citing substantial improvements in efficiency, Irving exploration and production company Pioneer Natural Resources plans to increase its drilling budget as other oil companies are shrinking theirs. Texas Oilfield Caps In a Wednesday afternoon statement, Pioneer said it made $756 million in 2019, a 22 percent drop from the […]
An order by a federal judge will allow Kinder Morgan to proceed with its construction plans of the Hill Country portion of its Permian Highway Pipeline. Texas AF Caps U.S. District Court Judge Robert Pitman of the Western District of Texas issued the order on Feb. 14, which […]
CORPUS CHRISTI, Texas — Emergency crews were called to the access road of I-37 at Buddy Lawrence Monday morning after reports of a loud boom and a huge fire roaring from a pipeline near the Citgo east plant. Texas AF Caps The City of Corpus Christi issued an […]
