Thursday, February 27, 2025

Market Conditions Force Legacy Industries, Brands to Get Creative, Find a Buyer, or Say Goodbye

From entertainment to cell phones to oil and gas, companies are scrambling to revamp business strategies to align with changing market conditions   With oil prices half of what they were a year ago, energy CFOs on six continents are in overdrive sharpening their pencils, but forced adaptation to long term market changes is happening across all sectors. What’s on TV? In the

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Ohio Oil & Gas Production Up Exponentially from 2013

The Ohio Department of Natural Resources reported over a 200% increase in oil production, and more than a 350% increase in natural gas production, from 2013 to 2014. The Ohio Department of Natural Resources (ODNR) last week released fourth quarter production numbers for oil and gas, showing strong production growth in the state. In the fourth quarter of 2014, the

Proposed Federal Budget Seeks to Eliminate $45.5 Billion in ‘Oil and NatGas Preferences’ Over the Next Decade

Congressional Republicans have already called the proposed budget a political non-starter President Obama released his proposed federal budget, asking Congress to eliminate billions of dollars in tax breaks to the oil and gas industry in order to fund a $4 trillion budget for fiscal year 2016. The budget comes as part of a broader push to overhaul U.S. business taxes,

LNG

Exxon Mobil joins British Columbia LNG Alliance

Multiple tax reductions target LNG investment Exxon Mobil (ticker: XOM) announced last week that it will join an alliance of companies that is promoting the development of a liquefied natural gas industry in northern British Columbia, reported CBC News. The British Columbia LNG Alliance said last Wednesday that ExxonMobil Canada Ltd., a subsidiary of the U.S.-based ExxonMobil, has become the

EU Customers Pay Double U.S. Rates for Electricity

With their residential electricity prices climbing 43% from 2006 to 2013, European citizens are paying through the nose for electricity, especially when compared to U.S. residential electricity prices, which have climbed just 17% in the same time period. Average residential electricity prices in Europe are more than double prices in the U.S. “Regulatory structures—including taxes and other user fees, investment