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New Legal Complaint Questions Pioneer’s Sale to Exxon

New Legal Complaint Questions Pioneer’s Sale to Exxon

A new legal action on behalf of a pension fund invested in Pioneer Resources is challenging Exxon’s purchase of Pioneer Resources with accusations that Pioneer CEO Scott Sheffield made a deal that was great for him personally — but not for shareholders. In February, the Operating Engineers Construction Industry and

The U.S. Shale Oil Industry Asks You to Believe in Technology as Savior…Again

The U.S. Shale Oil Industry Asks You to Believe in Technology as Savior…Again

This article is the fourth in a series about the current state of the U.S. oil industry and how the industry is setting itself up to take the remaining profits it can and then stick the U.S. public with the cleanup bill. If you listen to them, the

A peak at this week's oil news

A peak at this week's oil news

At times it has been a bit of a lonely position writing about the truth of the U.S. oil industry this past decade. For example, I’ve pitched several larger media outlets on stories about fraud in the U.S. shale industry over the years. No one was interested.

The Media is Helping Spread Oil Industry Myths Again

The Media is Helping Spread Oil Industry Myths Again

[J]ournalists must also be careful not to believe everything people say. Sometimes, people are mistaken. Sometimes, people lie.’

After $60 Billion Offer from Exxon, Pioneer CEO Changes His Tune on US Oil Industry

After $60 Billion Offer from Exxon, Pioneer CEO Changes His Tune on US Oil Industry

Scott Sheffield is one of the most financially successful shale oil and gas CEOs in America. And while he owes this personal wealth in part to producing a lot of oil, it also has helped that he knows how to “talk his book.” Like Exxon CEO Darren Wood, who is

Exxon’s $20 Billion Fraud Lawsuit Continues

Exxon’s $20 Billion Fraud Lawsuit Continues

“No one I knew in the organization thought this was possible; the pressure to deliver on Woods’ promise to the market permeated the organization.”

We ARE Having the Wrong Debate on LNG Exports

We ARE Having the Wrong Debate on LNG Exports

Have you seen the latest messaging from the oil and gas industry public relations machine on LNG exports? At Heatmap we are told that if we want to know if LNG is bad or good that, “The answer depends on where it’s going and what it’s replacing.” Which