Photographs by Tamir Kalifa for The New York TimesFor over a decade, the Permian Basin in Texas and New Mexico has been the epicenter of the American oil boom. Now, it’s the epicenter of its demise.People here have been through plenty of recessions, but nothing prepared them for the coronavirus and its economic devastation.‘This Feels Very Different’By Tamir … [Read more...] about Texas Oil Boomtowns Devastated by Coronavirus: Photos
Oil & Gas
Houston’s ‘Horrifying’ Double Crisis: Oil Crash and Virus Shutdown
HOUSTON — On the same day that the price for U.S. crude oil fell to about $30 below zero — a mind-bending concept that marked the first time oil prices had ever turned negative — Mayor Sylvester Turner of Houston, the self-proclaimed energy capital of the world, stood before reporters. His words were grim and muffled by the black mask covering his face.The … [Read more...] about Houston’s ‘Horrifying’ Double Crisis: Oil Crash and Virus Shutdown
Study tries to untangle shale gas and coal impacts on Ohio groundwater
Helen Siegel / Courtesy The Yale team conducts water sampling in eastern Ohio. The Yale University project could help residents know where to point a finger when well water becomes contaminated. Rob Reed is happy to have clean well water at his family’s Monroe County, Ohio, fruit farm. But in a region rife with fossil fuel extraction, worries about contamination … [Read more...] about Study tries to untangle shale gas and coal impacts on Ohio groundwater
The Oil Industry’s Glut Has a Bright Spot: Tanker Storage
The price of oil has plunged, but the price of finding a place to put it has soared. And if you are in the business of providing a temporary home for the world’s glut of crude, you’ve hit the jackpot.More and more massive tankers at sea are being used simply to hold the oil — as much as 2 million barrels per vessel — until it is wanted. Other vessels are … [Read more...] about The Oil Industry’s Glut Has a Bright Spot: Tanker Storage
Will the Coronavirus Pandemic Doom North Sea Oil?
For decades, the oil rigs rising out of the North Sea off Scotland provided Britain with hundreds of thousands of jobs in a thriving industry and billions in tax revenue.Much of that now seems a memory. The collapse in oil prices from the coronavirus pandemic, coupled with infections aboard the drilling rigs, are imperiling the vast industry that sprawls across the waters off … [Read more...] about Will the Coronavirus Pandemic Doom North Sea Oil?