oil industry decline

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Oil industry turns to mergers and acquisitions to survive
www.nytimes.com

Oil industry turns to mergers and acquisitions to survive

With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic.
The oil sector's political spending is down during the pandemic

The oil sector's political spending is down during the pandemic

But the drop-off is slight — a sign that it is still a force in American politics.
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Venezuela, once an oil giant, reaches the end of an era
www.nytimes.com

Venezuela, once an oil giant, reaches the end of an era

Venezuela’s oil reserves, the world’s largest, transformed the country and the global energy market. Now its oil sector is grinding to a halt — perhaps never to recover.
Shell to cut up to 9,000 jobs as oil demand slumps
www.bbc.com

Shell to cut up to 9,000 jobs as oil demand slumps

The move comes five months after it cut its dividend for the first time since World War Two.
Alberta’s oilsands owe Canadians

Alberta’s oilsands owe Canadians far more than they can pay

Why 50 years of bitumen mining will add up to a money loser for taxpayers.
Dallas Fed: Texas oil firms say oil demand has peaked
www.politico.com

Dallas Fed: Texas oil firms say oil demand has peaked

The latest Dallas Fed survey results paint a bleak picture of an oil and gas industry that has plummeted from a lofty perch it held six months ago.
Daniel Yergin, oil sector doyen
www.politico.com

Daniel Yergin, oil sector doyen

Prognosticators often lean on tropes to convince audiences that everything is changing — but when Yergin looks at the energy landscape and says "I think this is one time when this time is different," it carries a weight.

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