Much like last week’s oil news review, it seems an end of week headline will grab the top spot.
Keystone XL Moves Forward
Well, we’ll see how far forward. The Senate took a big step in approving the Keystone XL bill. To this point, the White House continues to threaten a veto of anything that hits Obama’s desk.
Regardless, this is the first time that the Senate has been able to muster the votes needed to pass a bill.
Crude keeps building, but where is it going?
Crude oil prices continue to slide.
At this point in the week (late Thursday) crude oil prices are posting another negative week. The significant price drop has spurred many conversations on how low it can go and when the capitulation will occur.
Here are two articles highlighting opposing views of the debate:
On the lighter side
~This video on Anadarko turning a massive spar into an artificial reef is a must watch. It really highlights the intellectual and monetary resources that oil companies have to tackle complex and unique problems.
~Roughnecks are interesting characters. (Featured image taken from this article).
Related Article: Upstream vs. Downstream
Read more about the difference between upstream and downstream segments of the oil and gas industry.