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Editorial: Tom Wolf, revealed: Good grief

Gov. Tom Wolf supports fewer jobs for Pennsylvanians, especially for minorities attempting to step onto the first rung of the employment experience ladder. He also supports fewer small businesses doing business in the Keystone State. And the governor is in favor of sending Marcellus shale drilling companies to other states so their residents can better reap the benefits of the ...

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Lower oil price to hit U.S. oil and gas lending: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Feb 12 – “Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines,” the Office of the Comptroller of the Currency (OCC) notes with bureaucratic understatement in its handbook for U.S. bank examiners. ...

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Lindsey oil refinery falls victim to UK policy and shale: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Feb 12 – French oil major Total has announced plans to halve capacity at its Lindsey refinery on Britain’s North Sea coast as part of an overhaul of downstream activities intended to address overcapacity in the European refining sector. Total’s decision comes as no surprise. Of ...

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U.S. businesses brace for oil investment downturn: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own.) LONDON – Oil and gas production is fundamental to the U.S. economy. The sharp downturn in prices will have a negative impact on business investment in the short term before the positive impact on consumer spending takes over further down the line. Oil and gas producers accounted ...

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COLUMN-A brief history of the oil crash: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Feb 6 – In 2013 and early 2014, the growing imbalance between supply and demand in the oil market was masked by a string of supply disruptions as a result of war, unrest and sanctions. After a decade of high oil prices, supplies from North American ...

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EDITORIAL: Coalition’s anti-pipeline presentation leaves a lasting impression

U.S. Rep. Matt Cartwright today is expected to watch a rather alarming presentation from the Gas Drilling Awareness Coalition of Luzerne County. It’s our hope that Cartwright, a Democrat from Moosic, will convince his fellow lawmakers to watch it, too. The presentation, shown to the Times Leader’s Opinion Board on Wednesday, suggests dire consequences if the PennEast Pipeline project indeed ...

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Does oil’s rally put rebalancing at risk? Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON, Feb 4 – Brent crude prices rose almost 18 percent between Friday and Tuesday, despite the absence of real news, which should convince even the most ardent believers in market efficiency that oil trading is noisy and inefficient at processing new information. The 8 percent surge ...

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Oil prices jolted as falling rigs wrong-foot bears: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON, Feb 2 – Oil prices surged 8 percent on Friday as the market digested news another 94 rigs previously drilling for oil in the United States had been idled over the previous week. It was the largest number of rigs de-activated in a single week since ...

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EDITORIAL: Pro-drilling forces have a lot to prove

offshore rig

Lowcountry citizens and tourism interests need a stronger voice on proposed oil drilling off the South Carolina coast. President Barack Obama released Tuesday a draft proposal to make land off our coast available for oil and gas leases for the first time. It would take place under a 5-year plan that could begin in 2017. Seismic testing for oil deposits ...

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