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Oil and gas industry groups provided a list of names to the Railroad Commission for appointment to a council formed in response to the February power crisis. All four of the industry's top choices were selected.
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The report highlights how oil and gas regulators at the Railroad Commission of Texas have a financial stake in the very companies they regulate.
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An NPR and PBS Frontline investigation reveals how the oil and gas industry used the promise of recycling to sell more plastic, even when they knew it would never work on a large scale.
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When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis couldbe an opportunity for companies, but it comes with a tremendous amount of uncertainty.
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Oil companies have slashed production across West Texas and southeast New Mexico, where communities are also hurting from pandemic-driven business shutdowns.
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When the economy slows, so does the demand for oil. We look at the future of the oil industry.
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June futures of West Texas Intermediate dipped to around $10 a barrel Tuesday morning, prompting more chaos in the oil market.
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The pandemic means the world is using far less oil. But pumps are still going, creating a huge oversupply. Companies are often willing to operate pumps at a loss — for a little while.
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For the first time ever, a key oil benchmark, West Texas Intermediate, fell below zero on Monday. That means some traders, instead of paying money to buy oil, are paying to get rid of it.
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The International Energy Agency says the industry is about to test the limit of how much oil it can transport and store, given the phenomenal drop in demand caused by the coronavirus pandemic.