Further acceleration of production growth from non-OPEC suppliers, specifically from the resurgent U.S. shale sector, or a hiccup in global demand will be far bigger threats to the price of oil than the current volatility roiling equity markets. That premise may be difficult for some
The New York City Employees’ Retirement System (NYCERS) comptroller recently announced a new initiative to divest public funds entirely from fossil fuels by 2020. It’s a bold idea. But unfortunately, it’s also an ineffective and wildly costly one that the members of
Hedge fund manager Jim Chanos famously called U.S. shale producers “creatures of the capital markets” for their heavy reliance on external sources of funding to grow. He has a point. The shale industry has historically sought more than 40% of the capital it needs from debt and equity
The past year will go down in political history as the year that more people were wrong about more things than any other time – at least since the year before. President Trump was written off before inauguration day in the most derisive terms as someone who would be a failure from day
As a proud CEO of an oilfield service company founded in Oklahoma City, I was happy to see a damaging trend among local and state governments finally receiving the attention it deserves. A recent Oklahoman editorial pointed out that big city public pension funds from New York to San F
