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Is Weird Weather Good For Natural Gas?
As inventories have shrunk, gas prices have more than doubled their year-earlier levels this month. The U.S. Energy Information Administration stated Thursday that natural gas stocks increased by 31...
View ArticleBP Halts This $10 Billion Project
BP’s (NYSE:BP) plans to initiate the second phase of its Mad Dog project in the Gulf of Mexico are on hold, according to company sources. Citing bad market conditions and rising inflation in the oil...
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4 Energy Stock Stories For Weekend Perusal
Royal Dutch Shell (NYSE:RDSA): Closing price $64.05 Lebanon has selected 46 energy firms to bid for offshore drilling rights, including majors like Exxon Mobil Corporation and Chevron Corporation,...
View ArticleMaybe Exxon Investors Are Waiting for Godot
Exxon Mobil Corp. (NYSE:XOM) has been waiting for more than a decade for Kazakhstan’s Kashagan oil field to start producing oil. The companies besides Exxon backing the project include Eni SpA (NYSE:E)...
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Will the U.S. Become a Natural Gas Exporter?
Thursday’s weekly report on United States natural gas stockpiles, released by the Energy Information Administration, contained no surprises: inventories rose by 30 billion cubic feet last week, well...
View ArticleHere’s How Europe’s Sputtering Economy Crashed the Carbon Market
There’s lots of angst in Euroland over the plunging price of European Union CO2 Allowances. Trading activity has crashed along with prices. And the Eurocrats are casting about ways to “fix” the...
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Natural Gas Stockpiles Grow as Domestic Energy Booms
Since the recession ended in 2009, the U.S. economy has grown 7.6 percent — a rate of expansion greater than that experienced by Britain, Japan, the euro zone, and many other advanced nations. While...
View ArticleArguments Against Exporting Natural Gas Don’t Add Up
The energy policy topic of the week is whether to export more of America’s newly abundant natural gas. Like any good card-carrying economist, my instincts favor free trade. Other things being equal,...
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U.S. Natural Gas Surplus: To Export or Not To Export?
Campaign promises are one thing to make, but quite another to fulfill. That the promises were insincere, made simply to win the election, is one way to explain why a president’s pledges failed to...
View ArticleDavid Shorr: The World Must Unite to Fix Climate Change
The climate challenge drives home the interdependent realities of the 21st century, and there have been some tough lessons learned since Kyoto. All of this ties in to energy issues that shape domestic...
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General Electric Supports Solar
Recently, it was announced that General Electric (NYSE:GE) is going to be investing in the solar energy company Sungevity. Including GE’s investment, Sungevity is getting $15 million dollars from a...
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What Is the Impact of Oil Theft?
On Friday, Royal Dutch Shell (NYSE:RDSA) reported that a fire in June, resulting in the largest oil spill this year from facilities operated by its Nigerian joint venture, was caused by oil theft. The...
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Natural Gas: Is Congress’s Push for Exports the Fix for Growing Supply?
The Energy Information Administration’s weekly natural gas storage report is out, and nothing too surprising is afoot. Working natural gas, or the natural gas available for the market, is up 82...
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Where Is Oil Headed, and Will Gasoline Follow?
According to the U.S. Energy Information Administration, the average American spent 4 percent of pre-tax income on gasoline in 2012, or $2,912 for the year. At this level, we are spending more on...
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Natural Gas Supply Still Expanding With U.S. Energy Production
The energy picture in the United States remains largely unchanged from last week, when the Energy Information Agency released its most recent natural gas storage report. Storage for the most part...
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Gulf of Mexico Is Hot for Oil Again
Deepwater drilling in the Gulf of Mexico has quickly rebounded after the BP (NYSE:BP) oil spill in 2010 to become the fastest growing offshore market in the world, with Brian Uhlmer, an analyst from...
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Natural Gas Prices: Under the Sway of High Temps and High Production
“As a president, as a father, I’m here to say we need to act,” President Barack Obama said in June, to an assembled crowd at Georgetown University. ”I refuse to condemn your generation and future...
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Is Keystone XL’s Goose Cooked?
Keystone XL protest at the White House in November 2011. Photograph by Emma Cassidy/http://www.flickr.com/photos/tarsandsaction/ Maritime acreage about 9 miles off the coast of Rhode Island went on...
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Is Obama Waging War on the Coal Industry?
After years of being questioned on his climate change promises, President Obama finally laid out his agenda for the remainder of his time in the White House. Plans include limiting the incessant flow...
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Should Chesapeake Give a Frack About the Cost of New York Land Leases?
Investors do not seem to like the idea of Chesapeake Energy (NYSE:CHK) walking away from land leases in New York state. Shares were off nearly 3 percent in morning trading Wednesday following a...
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