ThinkstockIf every state in the Union was like North Dakota, the American economy would be growing as fast as China’s. The state’s numbers were stunning, a promise, perhaps, for states that have new-found shale…
ThinkstockU.S. drivers are using less gasoline than they were five years ago, due primarily to improved mileage ratings on new cars and fewer miles driven. Contributing to the lower demand for gasoline is an…
thinkstockChina’s one-time leader in the production of solar panels has officially been notified by its trustee that the company is in default on a $541 million bond payment and that payment has been accelerated.…
ThinkstockThe looming risk (or likely fact) that interest rates will rise has been on the mind of investors and Wall St. analysts and pundits for quite some time. Most will concede that the Treasury…
thinkstockAs expected, Suntech Power Holdings Co. Ltd. (NYSE: STP) failed to make a required $541 million bond repayment scheduled for last Friday. The company claimed last week to have reached forbearance agreements with about…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 145 billion cubic feet last week, slightly more than the decline of 134 billion cubic feet anticipated by analysts.…
ThinkstockAdd China’s ENN Group Co. to the rather short list of companies rolling out a network of natural gas fueling stations along U.S. highways. Clean Energy Fuels Corp. (NASDAQ: CLNE) and Royal Dutch Shell…
thinkstockChinese solar panel maker Suntech Power Holdings Co. Ltd. (NYSE: STP) announced earlier this week that it will close its plant in Arizona on April 3, costing 43 employees their jobs. The cost to…
ThinkstockLate yesterday afternoon, the board of directors of SandRidge Energy Inc. (NYSE: SD) essentially caved in to demands from TPG-Axon Group and agreed to add four new directors named by the hedge fund to…
ThinkstockThe Solar Energy Industries Association (SEIA) released its annual report for 2012. The data show that the U.S. solar market grew 76% last year. Even with that level of expansion, the energy source is…
ThinkstockCalifornia is the most populous state in the United States by far, so it makes sense that it should be the largest market for solar energy. GTM Research and the Solar Energy Industries Association point…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.6 million barrels last week, bringing the total U.S. commercial crude inventory to 384…
ThinkstockIn the wake of yesterday’s OPEC oil market report, we have the latest monthly report from the International Energy Agency (IEA) today. While the two differ somewhat in specifics, the general story is the…
ThinkstockThe U.S. Energy Information Administration (EIA) today released its March version of the Short-Term Energy Outlook. The agency has lowered its forecast for the price of crude and retained its earlier forecast on the…
ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its March Oil Market Report this morning. The cartel did not change its forecast for global demand growth of 800,000 barrels a day to a total…