Gas Hits $3.898
Robert Murray http://www.geograph.org.uk/photo/1449653Gas prices in the US continue a relentless move higher as each day passes. The carefully watch AAA Fuel Gauge put the average cost of a regular gallon of gas in America…
Energy
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Newest first · Page 380As Medvedev Meets Obama, Oil Trouble Grows in Russia
Russian President Dmitry Medvedev visited with President Obama at the Nuclear Security Summit in Seoul, South Korea. The discussion was about arms. It probably should have included talks about oil as well. The U.S. needs crude prices to…
Sinopec Profit Rises as Company Moves Upstream (SNP, CEO)
China Petroleum and Chemical Corp., commonly called Sinopec, (NYSE: SNP) reported a 2% profit gain for the 2011 fiscal year, even though the company has been hampered by a government-imposed lid on gasoline prices…
Schlumberger Warns on Earnings (SLB, BHI, HAL)
ThinkstockAt an energy conference in New Orleans today, the CEO of Schlumberger Ltd. (NYSE: SLB) said that downward pressure on prices for the company’s hydraulic fracturing (fracking) services will have a negative impact on…
A123 to Replace Defective Batteries (AONE)
Lithium ion battery maker A123 Systems Inc. (NASDAQ: AONE) has announced a field campaign to replace modules and battery packs that may contain defective cells. The defect may result in premature failure of the…
Verenium Soars on Asset Sales (VRNM, CDXS, SZYM)
Enzyme commercialization company Verenium Corp. (NASDAQ: VRNM) has announced the sale of several of its assets to Dutch firm DSM Food Specialties B.V., a business group of Royal DSM. The sale includes Verenium’s oilseed…
S&P Cautions on Russia
Ratings agency Standard & Poor’s this morning released a study on the impact of crude oil prices on the Russian economy. A “sustained drop” in the price of crude, “could damage the Russian economy…
Gas Move Sharply Higher
Measured by AAA Fuel Gauge and the Lundberg Survey gas prices have accelerated higher. The average price for regular gasoline increased 11.49 cents to $3.9297 a gallon, according to Lundberg. The number is based on…
Moody’s Lifts Andarko Debt to Investment Grade (APC)
Ratings agency Moody’s has raised its senior unsecured ratings for Anadarko Petroleum Corp. (NYSE: APC) from ‘Ba1’ to ‘Baa3’ with a stable outlook. The move puts Anadarko’s debt back at investment grade. In its…
The Management Gap at First Solar (FSLR)
First Solar, Inc. (NASDAQ: FSLR) has been one of the worst performing stocks out there over the last year. Michael Ahern is searching for a new CEO after a departure or termination of Rob…
Plug Power Raises Capital By Selling Shares Too Cheap, Untimely (PLUG)
Plug Power Inc. (NASDAQ: PLUG) is a company which we accused of plugging its shareholders on Thursday with the filing of a secondary offering to raise capital. In an underwritten public offering of 13,000,000…
Cargill to Boost Ethanol Production (ADM, VLO, GPRE, ANDE, PEIX)
There are more than 200 ethanol refineries in the US with a total nameplate production capacity of nearly 15 million gallons/year. One of the largest producers, privately-held Cargill, plans to add a third plant…
Gas Prices Advance Yet Another Day
Gas prices seem to rise every day because they actually do. The carefully watched AAA Fuel Gauge showed the price of a gallon of regular gas, on average, reached $3.889 yesterday, up from $3.881 the…
Green Jobs Jump–BLS
The rise of “green” may finally have begun to help the US economy. New Bureau of Labors statistics claim that 3.1 million Americans were employed in green jobs in 2010. The agency itself admitted the…
Oil Supply Cuts Rise–Reuters
Reuters has discovered another reason that oil prices are so high. The news agency reports worldwide supply outages robbed the market of 1.2 million barrels of crude a day in March . Among the causes were civil unrest…