By Deborah Lawrence Rogers   Crude prices have been tumbling lately. Brent crude, the global barometer, fell below $90/ bbl while WTI has tumbled lower to about $85/bbl. Pundits who extol conventional wisdom have been in a froth. As giddiness about US shale production emerged over the past few years, these pundits proclaimed that the […]

Japan’s Sumitomo Corporation, one of the largest trading houses in Asia, announced a considerable impairment charge of its US tight oil assets in the Permian Basin. It was the largest loss for the company since 1998 and wiped out ~96% of its profit for the year. Although there were two other impairments, they paled in […]

Various philanthropies and high wealth individuals controlling ~ $50 billion in assets announced that they intend to divest their portfolios of all fossil fuel stocks over the next five years. The most interesting comment to come out of this announcement came from Stephen Heintz, an heir of John D. Rockefeller who, of course, made his […]