Welcome to the latest edition of the Energy Recap. This week, we wanted to take a look at a slightly different topic than usual, but one that still relates to energy - sustainable transportation. This includes vehicles that use alternative fuels, vehicles that are fuel efficient, bioenergy and its role in various types of transportation, and hydrogen and fuel cell technology (You can read more about each of these items on Energy.gov).
Sustainable transportation has certainly gotten more attention lately, given concerns about future oil supplies and increased awareness of environmental issues. What are your thoughts about the future of sustainable transportation? Are more "green" vehicles, electric cars/buses and the like really the wave of the future? Please let us know what you think by leaving your thoughts in the comments section below.
Energy Articles of Note
"Cenovus' Consolidation Offers Counter-Cyclical Upside" By David Addison
"Mr. Market Gave Up On Seadrill" By Vladimir Zernov
"Why It's Foolish To Be Bullish (All The Time) In Oil" By Robert Boslego
Energy Sector Bankruptcies for the Week Ended May 5, 2017
Here's a list of the most recent bankruptcy announcements in the energy sector:
We should point out that Memorial Production Partners announced on Thursday, May 4, that it has exited bankruptcy with a new name - Amplify Energy Corp. Amplify "plans to list its future shares on the OTCQX or OTCQB market."
Feel free to add anything that we might have missed in the comments section below.
U.S. Oil Rig Count
As per Baker Hughes, the number of active U.S. oil drilling rigs rose again this week.
Weekly Natural Gas Storage Report and Summary
Natural Gas Rig Count
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I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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