As crude oil prices continue their steady trend above $100/barrel, US refiners are preparing for the worst. Actually, the worst is already here, in the form of spiking prices. Worse than anything,…
Two weeks ago, Federal Judge Martin Feldman told the Obama administration to act within 30 days on a number of drilling permits for the deepwater Gulf of Mexico. The Bureau of Ocean…
S&P 500 WEEK TOP 10 (18 FEB -24 FEB) Ticker Weekly Price Change (%) Close Price 24Feb11 Close Price 18Feb11 Market Cap($Mil) Chesapeake Energy Corp CHK 12.9 34.35 30.43 22462.0 Cabot Oil…
Federal Judge Martin Feldman has pushed the Obama administration to resume drilling in the Gulf of Mexico ever since late June 2010. That’s when he first ruled against the moratorium on drilling…
Nothing like the Chapter 11 filing of a major public company brings in poor press notices. Borders Group filed for bankruptcy and closed 200 stores which is also bound to hurt it…
coutesy of Exxon Mobile Corp.The oil majors will be reporting reserves replacement figures for 2010 over the next few weeks as they prepare their 10-Ks for the SEC. ConocoPhillips Corp. (NYSE: COP)…
Negative press about Chevron (NYSE: CVX) has reached a boiling point after news that the oil company had been hit with a $9.5 billion ruling by an Ecuador count. The penalty comes…
Deutsche Borse and the New York Stock Exchange are near a merger arrangement, but political issues are still a problem (Reuters) Starbucks (NYSE: SBUX) and Green Mountain are close to a strategic…
Only a few years ago most of us associated biodiesel with recycling of used cooking oil to produce a transportation fuel that Willie Nelson used on his tour bus. The exhaust smelled…
The price of a barrel of North Sea Brent crude broke through $100 this morning, while the price of a barrel of West Texas Intermediate is hovering around $90. Does that mean…
coutesy of Exxon Mobile Corp.Exxon Mobil Corporation (NYSE: XOM) is helping to stabilize stocks this morning after Big Oil reported its 2010 and fourth quarter earnings. The largest fully integrated oil and…
Obama and China president Hu Jintao are likely to clash on economic issues. (Reuters) The American Chamber of Commerce in Shanghai said regulations which are not enforced are the largest problem in…
Shares in Exxon Mobil Corp. (NYSE: XOM) posted a new 52-week high of $76.62 yesterday, up about 11% in the past year. That’s not bad growth for the largest company in the…
The Alaska oil pipeline from Prudhoe Bay to Valdez was shut down early Saturday morning following a spill of about 10 barrels of oil into the basement of a pump station on…
The US Environmental Protection Agency’s appeals board has essentially canceled permits that would have allowed Royal Dutch Shell plc (NYSE: RDS-A) to operate a drillship in the Chukchi and Beaufort seas off…
