As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to its debt ratings. One sector that is unchanged is oil and gas,…
The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200 points just before noon. Both crude and the wider market are making…
If you believe that an energy policy in the United States can happen in the coming years, there is almost no way that natural gas can be ignored. The massive shale plays,…
Fitch and Moody’s kept the U.S. rating at Aaa (Reuters) Years of slow growth and aging populations in the West could hasten the rise of BRIC economies (Reuters) Google+ (NASDAQ: GOOG) and…
This is the Twitter-24/7 Wall St. market report for July 28, 2011. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in…
The odds that the U.S. will default on its debt on or after August 2 increase each day. Some credit analysts believe the odds are in favor of insolvency. In the event…
Germany and France reached a deal on how to handle the Greek debt crisis (MarketWatch) China’s PMI growth rate slowed to the lowest level since July 2010 (MarketWatch) Apple (NASDAQ: AAPL) may…
Less than five years ago, natural gas was selling for as much as $13/thousand cubic feet. It sells for about a third of that today, and some of the high-dollar projects that…
The largest mining company in the world just got a little bigger. Australia’s BHP Billiton Ltd. (NYSE: BHP) has agreed to acquire Petrohawk Energy Corp. (NYSE: HK) for $12.1 billion, a premium…
Looks like the whispers we were hearing yesterday about a split-up of some sort at oil major ConocoPhillips Corp. (NYSE: COP) were true. The company has announced this morning that it will…
After markets closed yesterday, Chesapeake Energy Corp. (NYSE: CHK) announced a plan to create a $1 billion venture capital fund to promote increased demand for natural gas by replacing petroleum-based products. At…
Russia’s President Dmitry Medvedev told an economic conference last month that he had ordered the government to reduce its controlling interests in some of the country’s biggest companies. He wants Russia’s largest…
Banks object to plans that would allow regulators to clawback pay if a bank becomes troubled and has to be liquidated (Reuters) Geithner has not told The White House he wants to…
Since the beginning of the year, returns for the three largest US oil companies have been sturdy, if not blinding, and each has a lower than average P/E ratio. Exxon Mobil Corp.…
coutesy of Exxon Mobile Corp.In the early morning hours Saturday, July 2nd, a 12-inch crude oil pipeline owned and operated by Exxon Mobil Corp. (NYSE: XOM) ruptured, spilling an estimated 1,000 barrels…
