Another Year, Another Peak Global efforts to move past fossil fuels to renewable energy alternatives could have you believe that the days of peak oil demand are behind us. But that would likely be wrong. U.S. oil production hit a record of more than 13 million barrels per day, and 2024 is expected to be…Read more
Merger Momentum The past week has been big for mergers and acquisitions in the oil industry. On Monday, Chevron (CVX) revealed its intent to purchase Hess (HES) for $53 billion. But that was only the second largest deal of the week, it turned out.. The first belongs to Chevron’s competitor ExxonMobil (XOM), which announced its…Read more
