Russian money behind Romanian fracking opposition

Pungesti, Romania has become the front line in a battle over fracking. The New York Times reports that when the town became the area of choice for Chevron to drill in oil shales located in Pungesti’s jurisdiction, it attracted the attention of environmentalist groups opposed to the drilling method. The environmentalists held protests to the…

OPEC seeks to stomp out American rival

Despite a rapid decrease in the price of oil, OPEC (Organization of Petroleum Exporting Countries) has decided to hold the line on oil prices and not lower them further. However, according to Motley Fool the cartel doesn’t think it should lower the price of per-barrel-oil because it was not responsible for the oversupply seen today.…