With crude oil prices hovering around $90/barrel, exploration and production companies are expected to increase their spending in 2011 by about 11%, for a total of about $490 billion. Oil field services companies can’t…
The media and some Wall St. analysts have pressed the point that $90 crude could derail the recovery. The argument seems to make sense unless experts look to the beginning of 2010. The price…
The acquisition of XTO Energy by Exxon Mobil Corp. (NYSE: XOM) instantly turned the oil giant into the largest natural gas producer in the US. We’ve already had our say about Exxon’s prospects for…
How big oil stocks perform in 2011 will be highly dependent on the price of crude oil. That’s not a particularly original thought, but it remains true nonetheless. The price of crude fluctuated from…
The price for a barrel of crude has risen about 17% since the beginning of 2010, to near $92/barrel. Positive forecasts for global economic growth, combined with a weaker US dollar are responsible, and…
Noble Energy, Inc. (NYSE: NBL) is trading higher this morning due to the announcement of “a significant natural gas discovery” at the Leviathan exploration prospect offshore Israel. Leviathan-1 is located in approximately 5,400 feet…
In the international diplomatic game of tit-for-tat, the Chinese ministry of commerce has said it will begin an investigation into US dumping of livestock feed on China’s farm market. Earlier this month, the US…
The government of Spain has officially cut its subsidies to the solar power industries by 30% in a move that is expected to save the government about $970 million. The decision has caused an…
NGAS Resources, Inc. (NASDAQ: NGAS) is no longer as actively known as it was previously. That will change temporarily as the company is now being acquired. The horizontal drilling and completion technology player in…
Developing the vast resources of the Canadian oil sands is a dirty business. The deposits are either strip-mined, leaving huge piles of waste and scarring the landscape, or wells use steam to heat the…
Americans do not care much about the price of gas, at least for now. Ninety million people will take to the roads between December 23 and January 2. The AAA measures people who plan…
Except for a brief spell on Monday, crude oil prices have been rising steadily from around $88.50/barrel to nearly $91/barrel on the NYMEX. That’s a rise of more than 2.8% in less than three…
The Department of Energy issued yet another large drop in crude oil inventories in the U.S. for the latest week. We are watching the key ETFs of Oil Services HOLDRs (NYSE: OIH) and the…
Beacon Power Corporation (NASDAQ: BCON) is generally too small to cover because of its low share price but the company has announced the pricing of a capital raise. The advanced energy storage systems company…
Tucked neatly away in the recently passed tax bill was a renewal of the $0.45/gallon subsidy for corn ethanol. The subsidy renewal also includes a continuation of the $0.54/gallon tariff on imported ethanol and…