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Arthur Berman

News update

Fossil fuels subsidised by $10m a minute, says IMF The Guardian UK Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund. The IMF calls the revelation “shocking” and says the figure is an

News update

The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming Zero Hedge While the mainstream media continues to chant the happy-clappy side of lower oil prices, now, we have the first casualty of the shale oil leverage debacle as WSJ reports, on Sunday, a private company that drills in Texas, WBH Energy LP,