oil reserves

ConocoPhillips CEO sends strong message on Venezuela’s oil future

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ConocoPhillips CEO sends strong message on Venezuela’s oil future

With 30 years of Wall Street experience, Co-Editor-in-Chief Todd Campbell explains why ConocoPhillips’ position on the Venezuela oil rig is a reality check for the energy sector. Energy companies have felt significant pressure over the past year as OPEC production has increased, leading West Texas crude oil prices fell to $62 a barrelbelow Permian Basin … Read more

Why Venezuela’s ‘very dense, very sloppy’ increase in oil production could harm the environment

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Why Venezuela’s ‘very dense, very sloppy’ increase in oil production could harm the environment

BOGOTA, Colombia (AP) — Environmental experts warn that U.S. efforts to modernize and boost Venezuela’s vast oil reserves could worsen decades of ecological damage and increase pollution from global warming in a country already struggling with the legacy of a declining oil industry. The warnings come as Washington has stepped up pressure on Venezuela following … Read more