Cheniere Energy Inc. (AMEX: LNG) increased the size of its secondary stock offering from 17 million to 21 million shares and priced the offering at $15.10/share this morning. Credit Suisse, the sole underwriter, was…
The AAA Fuel Gauge shows that nationwide, based on the cost of a gallon of regular, gas rose once more very modestly yesterday to $3.811. That is up from $3.805 a day ago, and $3.511 a month ago. A…
Some media outlets have published gas prices in nations outside the U.S. to show the contrast to American prices, which are near record highs. A glance at these lists shows how much worse off…
The price of a regular gallon of gas moved higher again yesterday, according to the AAA Fuel Gauge reports. The data is based on a poll every day up to 100,000 stations Regular reached $3.805,…
A record 50% of Americans strongly disapprove of President Barack Obama’s handling of the economy, a recent Washington Post-ABC News survey shows. A whopping 65% are unhappy with his handling of gas prices. While…
Economists and government officials have tried to figure out or guess the point at which new, high gas prices will undermine economic growth and consumer spending. There is no single answer. For people who…
Gas prices reached $3.764 yesterday based on a national average of a gallon of regular, according to the AAA. One month ago, that price was $3.467. At that rate of increase — 8% a month…
This morning’s report from the US Energy Information Administration (our coverage here) showed that commercial crude oil inventories in the US rose by 4.2 million barrels last week. At the same time, inventories of…
First Solar Inc. (NASDAQ: FSLR) was halted pending earnings. The U.S. solar leader reported earnings of $1.26 EPS and $660 million in revenues. Thomson Reuters had estimates of $1.54 EPS and $781.5 million in…
Less than a year ago — in June 2011 — the Obama Administration decided to release 30 million barrels of oil from the Strategic Petroleum Reserve. This amount was matched by 30 million barrels from the…
When the President is talking about the high societal cost of rising oil prices yet simultaneously in the same speech is bashing the thought of more drilling for oil, it has to leave more than…
Africa is not referred to as the “Dark Continent” for nothing. According to the World Bank’s Africa Energy Unit (AFTEG), for most of Africa’s population the availability of reliable and inexpensive electricity remains inaccessible…
The anniversary of the Japan earthquake, which killed over 16,000 people and caused the disaster at the Fukushima Daiichi nuclear power plant, is only two weeks away. Immediately after the disaster, several European nations decided…
With West Texas Intermediate Crude challenging $105 per barrel now, it is time to start assessing the threat of $4.00 per gallon in gasoline. The summer driving season is usually a threat to gas…
The International Energy Agency said Europe could “cope” with a supply shortage brought on by a drop in imports of crude from Iran, but that prices might temporarily reach near the $147 a barrel…