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(Bloomberg) -- Chevron Corp. sees a “boom boom boom kind of economy” in West Texas, shrugging off signs of a Permian Basin slowdown showing up in everything from jobs to hotel rooms.Steve Green, president of Chevron’s North American business, was insistent that the world’s biggest shale patch won’t be susceptible to historic boom-and-bust cycles that have dominated the Texas oil economy for decades. His booming nod to continuing good times came Tuesday during a panel discussion at the Lone Star Energy Forum in Austin.“We see a long, healthy pace of activity in the Permian and Texas for decades to come,” Green said at the forum, sponsored by the Texas Oil & Gas Association.The comments come within days of earnings releases by Schlumberger Ltd. and Halliburton Co., two of the world’s biggest providers of oilfield equipment and services, which detailed an annual drop in North American sales. The companies warned investors that...
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says......
The Trump administration’s chief environmental regulator said on Tuesday final U.S. vehicle carbon dioxide standards due out later this year could be more restrictive than current rules enacted by the Obama administration because they will eliminate certain loopholes. "In some of the out years, we're actually more restrictive on CO2 emissions than the Obama proposal was" because the proposed Trump administration rules will eliminate "off ramps" that make it easier for automakers to comply, Environmental Protection Agency Administrator Andrew Wheeler told reporters after a speech to the Detroit Economic Club....
A look at the shareholders of West Fraser Timber Co. Ltd. (TSE:WFT) can tell us which group is most powerful......
Every investor in Erie Indemnity Company (NASDAQ:ERIE) should be aware of the most powerful shareholder groups......
A new study from Brookings has found that the U.S. is the only rich country in the world where the mortality rate has been going up — not down. And much of that trend is being driven by one group of Americans in particular. Yahoo Finance’s Sibile Marcellus discusses with Zack Guzman, Heidi Chung and former Congresswoman Nan Hayworth....
Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the carmaker said on Tuesday. Batteries produced in the new complex will be used by the new generation of full electric models that the company is planning to roll out, Fiat Chrysler (FCA) said in a statement. The investment is part of a plan announced by FCA last year to spend 5 billion euros in Italy between 2019-2021 to help the group to launch its first electric and hybrid models and to fill capacity utilization at its Italian plants....
