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Just nine months after a federal bankruptcy court approved its reorganization plan, Venoco LLC re-entered Chapter 11 proceedings on April 17 and handed environmentalists a victory in announcing the shutdown of an offshore oil platform. Venoco said that under its plan for bankruptcy reorganization, Platform Holly and the South Elwood Oil Field are being transferred Read More →
After euphoria comes reality. The stock market rally that accompanied the election of Donald J. Trump as the nation’s 45th president has flattened out amid the reality that governing is complex and so is the economy. With Trump’s election, the slow growth predictability of the Obama years has been replaced with something new. But aside Read More →
Nearly a year after a Plains All American pipeline broke, spilling an estimated 123,270 gallons of oil into the Pacific Ocean and disrupting tourism along the California Coast, there has been little progress in resolving the underlying issues that led to the region’s biggest environmental disaster in decades. Plains All American has proved adept at Read More →