In a presentation yesterday to investors, Valero Energy Corp. (NYSE: VLO) CEO Bill Klesse said that stagnant demand for refined products in the US would be replaced by foreign demand for gasoline…
The proposed 1,700-mile Keystone XL pipeline will not make the US more energy independent nor will it lower gasoline prices. If anything, the pipeline from western Canada’s oil sands to the US…
When President Obama killed the application from TransCanada Corp. (NYSE: TRP) to build the 1,700-mile Keystone XL pipeline, the move did not kill the idea of the pipeline. The president said Transcanada…
Yahoo! (NASDAQ: YHOO) is in patent talks with Facebook. The portal claims that the social network has used some of its intellectual property without permission or license fees. Yahoo!’s claims are based on…
Yahoo! (NASDAQ: YHOO) threatens a patent suit against Facebook, citing a number of violations. (Reuters) TransCanada (NYSE: TRP) cuts the length of its Keystone XL pipeline in the hopes of finishing some…
Just before Congress left town for the holiday, it passed and President Obama signed a bill to extend payroll tax cuts for two months. The bill included a provision demanding that the…
Now that the US House of Representatives has approved (if unwillingly) the Senate bill providing a two-month extension to lower payroll taxes and extend unemployment benefits, the bill goes to President Obama…
Paul Ausick What appeared just a few days ago to be an agreement on a funding bill to pay for government expenditures through next year now looks to be another in a long string…
Paul Ausick The latest delay to a US decision on whether or not to allow the Keystone XL pipeline project has shifted attention to two other proposed pipelines that would carry bitumen from the…
The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline’s flow direction, pushed…
The U.S. Supreme Court will hear arguments about the Obama health care law. (Reuters) Angela Merkel says Europe may face its greatest crisis since World War II. (Reuters) Italy’s Monti will discuss…
In 2010, US refineries took delivery of about 5.4 billion barrels of crude oil. Of that total, more than 50%, 2.8 billion barrels, arrived at the refineries by pipeline. The US petroleum…
A decision is expected by the end of this year from the US State Department on whether or not the US will allow the Keystone XL pipeline to be built. TransCanada Corp.…
The State Department recently supported a proposal to run a pipeline from Canada down the middle of the U.S. The Keystone XL project will, according to operator TransCanada (NYSE: TRP), create 20,000 jobs…
Douglas A. McIntyre LG Display (NYSE: LPL) cuts capital expenditures as demand for LCD screens is hurt by tablet PC sales. (Reuters) Samsung to delay its tablet launch in the U.S. because of IP lawsuits…
