The $787 billion federal stimulus package enacted last year included $20 billion to subsidize energy efficiency programs in the states. Adding insulation, installing more efficient lighting, and other such seemingly small changes add up…
For the seventh consecutive month, Chinese demand for crude oil has increased by double digits over demand just one year ago. Demand in March grew by 12.8% year-over-year. The demand increase has been driven…
The US has no offshore wind power generation capability — yet. That could change by the end of this month as US Interior Secretary Ken Salazar has promised a decision on the long-delayed Cape…
There have been recent reports that demand for Iranian crude oil is faltering and that the country has begun filling VLCC tankers and having them sail around in circles on the Persian Gulf. Estimates of…
Ecuador is a relatively unknown member of OPEC, due mostly to its up and down relationship with the cartel. Ecuador first joined OPEC in 1973, then in 1992 suspended its membership for 15 years…
The volcano in Iceland is still spewing ash into the air. While many Americans have discussed investment banking scandals, the volcano situation in Iceland is affecting far more than many might have thought on…
T. Boone Pickens has seen his share of ups and downs, and his share of success and failure. The octogenarian billionaire is testifying in Washington D.C. today to get Americans off foreign oil with…
Auriga USA has given some surprising new analyst coverage of the renewable technologies sector with eight solar stocks today. The company’s initial review is “positively biased for 2010” with “momentum building for 2H10” yet…
The weekly data from the Department of Energy has some very big surprises, some of which are bullish for oil and some of which are good for the consumer. The key ETFs of Oil…
Acquisitions, joint ventures, and ratings news in the oil patch have made for a busy day or two, and have also pointed out a handful of reasons pointing to a reasonable reason to search…
Companies that functioned primarily as natural gas producers have looked elsewhere for profits as the price of natural gas sticks around $4/thousand cubic feet. The development of tight shale plays, which yield very high…
Another major piece of news that should drive crude has come out. The IEA has revised its figure for global oil demand upward. Global oil demand will hit a record high this year, the International…
In 2009, there were just three Atlantic storms that earned the hurricane monikers — Bill, Fred, and Ida. None of these storms made landfall in the US as hurricanes. The predictions from Colorado State…
From the heady heights of the summer of 2008, oil refiners have suffered from a downturn. Valero Energy Corp. (NYSE:VLO) and Tesoro Corp. (NYSE:TSO), which refine and market petroleum products exclusively, have suffered the…
The FT reports that Goldman Sachs (GS) and Morgan Stanley (MS) both predict that oil prices could move to $10o per barrel in 2011. Jeff Rubin, a former CIBC chief economist says: “Triple-digit oil prices…