The Drought Adds to Energy Prices
ThinkstockWhile the U.S. drought continues to wreak havoc with crops, scarce water also has an impact on the price of U.S. crude oil and natural gas. The operative word in “hydraulic fracturing” is the…
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Newest first · Page 360Forget Oil! Nat-Gas Hits 7-Month Highs (UNG, CHK, CLNE)
The price of Natural Gas keeps ticking higher and higher. We are now on the seventh consecutive trading day that September Henry Hub Natural Gas Futures have held above $3.00. As if the United States…
Corn Prices Challenging Food, Seed, Ag and Ethanol (CORN, MOS, POT, MOO, TSN, ADM, MON, PEIX)
Corn is going to wreck whatever gasoline savings we had going into summer. By driving up the cost of the ethanol gasoline additive and by driving up feed costs for animals, the drought is…
Now Fraud Brings Pain to Solar
Suntech Power Holdings Co. Ltd. (NYSE: STP) sounds doomed. The damage sets a sour tone for the week’s solar lineup as First Solar Inc. (NASDAQ: FSLR) is set to report earnings this week. Suntech…
Gas Prices Up, Again
The drop in gasoline prices is over again for now. Both the Lundberg and AAA Fuel Gauge show that the price of a gallon of regular has moved higher recently. Lundberg reports it at…
Chevron Earnings Report Highlights Refining Sector Sweet Spot
Chevron Corp. (NYSE: CVX) managed to beat earnings despite a large drop in revenue. The oil giant reported earnings of $3.66 per share, some $0.42 better than the consensus estimate of $3.24 per share.…
Natural Gas Inventories Rise, Price Up Slightly
The U.S. Energy Information Administration (EIA) today reported that U.S. natural gas stocks rose by a total of 26 billion cubic feet, in line with analysts expectations. Natural gas futures prices are about 1%…
Exxon Mobil Shows Earnings Strong with High Oil and Low Oil Prices
coutesy of Exxon Mobile Corp.Exxon Mobil Corp. (NYSE: XOM) is showing that oil is profitable at $80 or at $100 per barrel. The oil giant reported second-quarter net income of a whopping $15.9 billion.…
National Oilwell Varco Beats on Demand for Drilling Rigs
National Oilwell Varco Inc. (NYSE: NOV) reported second-quarter adjusted earnings per share (EPS) of $1.46 and $4.7 billion in revenue this morning. Adjusted EPS rose 26% from $1.14 in the same period a year…
Big Gain in Oil Inventory Takes Toll on Crude Prices
The Department of Energy is out with its weekly oil inventory data showing a surprise build-up of crude products. The DOE showed that crude oil Stocks rose by 2.717 million barrels to 380.1 million…
ConocoPhillips Hurdles Low Bar
ConocoPhillipsConocoPhillips (NYSE: COP) this morning reported second-quarter adjusted earnings per share (EPS) of $1.22 and $15.2 billion in revenue. EPS fell from $1.64 in the same period a year ago, and revenue was also…
Europe Prepares to Follow US Lead in Solar Anti-Dumping Complaint Against China
Following the lead of several US solar panel makers, European solar makers are set to launch a complaint with the European Commission accusing China’s solar panel makers of selling solar PV cells below cost…
First Renewable Cellulosic Gasoline Closer to Market Now in 2012
KiOR, Inc. (NASDAQ: KIOR) is now one step closer to bringing its renewable fuel to market. The renewable fuels company announced that it has been granted Part 79 registration for its Renewable Gasoline Blendstock…
Iraq Shoots Down Chevron
The government of Iraq has barred Chevron Corp. (NYSE: CVX) from bidding on lease contracts in central and southern Iraq, following the company’s deal with India’s Reliance Industries last week in which the U.S.…
Insurance Companies Start to Decline Fracking Coverage
ThinkstockNationwide Mutual has become the first insurance company to decline coverage for claims related to hydraulic fracturing, a controversial energy production known as “fracking.” In a press statement “FOR IMMEDIATE RELEASE” posted on its…