Why plunging oil prices now hurt—yes hurt—the US economyMarketWatch“The key point to remember here is that the lower oil prices are now a net drag on the U.S. economy, because the [capital-expenditure] cutbacks triggered in the shale oil business outweigh …

Why plunging oil prices now hurt—yes hurt—the U.S. economy ...MarketWatchThanks to the shale revolution, plunging oil prices are a drag on U.S. economic growth, but the hit is uneven, notes one economist.and more » Read more http://news.google.c …

Why plunging oil prices now hurt, yes hurt, the US economyMarketWatch“The key point to remember here is that the lower oil prices are now a net drag on the U.S. economy, because the [capital-expenditure] cutbacks triggered in the shale oil business outweig …

Financial TimesSchlumberger chief warns on US shale oil productionFinancial TimesUS shale oil production could fall short of its most optimistic projections because of emerging problems in the industry, the chief executive of the world's largest oilfie …

BloombergWhat the Permian Oil Boom Looks LikeBloombergThe first clear indication that I had entered an area experiencing an oil boom was the Halliburton Co. office with a “Now Hiring” sign out front on the north side of Artesia, New Mexico. Next came a cou …

Express.co.ukFrench Riviera oil spill: British holiday HOTSPOT Saint-Tropez shut after HUGE oil spillExpress.co.ukSome of France's spectacular Riviera beaches have been shut as volunteers with shovels and sacks try to rid the coastline of a thick oily …

Permian Adds 4 Oil Drilling Rigs Despite Pipeline BottleneckZacks.comTotal U.S. Rig Count Increases: Rigs engaged in the exploration and production of oil and natural gas in the United States totaled 1063 in the week ended Oct 12, higher than 1052 in the p …

Zacks.comOil & Gas Stock Roundup: Chevron's Norway Exit, Petrobras-Murphy JV & MoreZacks.comPetrobras and Murphy Oil Corporation have entered into a joint venture (JV) agreement for deep-water oil exploration operations in the Gulf of Mexico (G …

Oil Supermajors Bet Big on Brazil's Deepwater ProspectsZacks.comA series of regulatory changes have piqued the interest of oil majors for deepwater blocks in Brazil. Earlier, Petrobras had to be selected as the managing company, which is not compulsory …

Zacks.comCana Woodford Basin Witnesses Addition of 7 Oil Drilling RigsZacks.comTotal U.S. Rig Count Rises:Rigs engaged in the exploration and production of oil and natural gas in the United States totaled 1054 in the week ended Sep 28, higher than 1053 in …