Mixed Rig Counts Despite Higher Oil
Baker Hughes Inc. (NYSE: BHI) has released its weekly rig counts for the U.S., Canada, and international. While oil continues to stay high, the rig count picture is a mixed. The U.S. Rig Count…
Energy
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Newest first · Page 444The Failures Of Alternative Energy
It was a bad sign when T Boone Pickens gave up, at least partially, on building a mammoth wind farm in Texas. The process was not only going to be expensive; the ability to…
Solar Stock Earnings Still Rough (JASO, SOL, FSLR, LDK)
With all the stimulus money in the U.S. supposedly heading toward alternative energy…. with all the boost from Chinese credits for solar…. with all the greenhouse gases and carbon emission regulation coming…. and with…
Trade Deficit Shows Energy Still Top Problem
The Trade Balance, a.k.a. the trade deficit, for June has just come out at $27.01 billion, from a revised $25.97 billion. This comes in versus consensus estimates from economists at $28.7 billion. The exports…
The Death Of Oil Demand
Economic growth in China and a very modest recovery in the West will not be enough to drive up oil demand next year, according to the International Energy Agency. The world will only need…
Pickens Long Oil, Still Expects Higher Prices
T. Boone Pickens has stayed long oil. There are some comments out of a brief sideline interview at the U.S. Senate Majority Leader Harry Reid’s National Clean Energy Summit this week. Reuters has noted…
Zoltek Left In The Wind (ZOLT)
Zoltek Companies, Inc. (NASDAQ:ZOLT) was a great success story during the boom of energy and alternative energy. But since that bubble popped, its bubble has burst as well. Its shares are getting hammered again…
Oil Prices May Steady, If OPEC Is Right
The crude market has been through enough wild swings in the last two years to last a lifetime. The market is now embroiled in a debate about whether most of the movement was due to…
Rig Counts Not Just Bottoming… They Grew (BHI, OIH)
Baker Hughes Incorporated (NYSE:BHI) shows weekly data on its rig counts it sees, but this morning it has announced its rig counts for the full month of July. Higher energy prices are bringing more…
The Car Industry Shake-Out And The Rise Of The Hybrid
Most major car companies offer hybrid vehicles. They get better gas mileage and throw off less pollution. They tend to be more expensive than gas-powered models because of their relatively complicated technology. That makes…
Crude Inventories Dampen Energy Prices (USO, OIL)
The weekly data from the Department of Energy is showing some gains in crude oil again and some weaker-than- expected gasoline draws. Weekly crude oil inventories went up by 1.67 million barrels to 349.1…
High Oil Prices, Nearly Forgotten, Return
High oil prices were supposed to be a thing of the past, driven lower by over-supply in the US and a continuing recession is almost every large economy other than China. The smallest hint…
Nissan Pulls Ahead Of Detroit In The Electric Car Race
Nissan’s new Leaf car doesn’t use any gas and it does not produce any emissions. It is electric and it will be available in the US, Japan, and Europe next year. Nissan chief Carlos…
First Solar Kills Estimates, But Mute on Guidance (FSLR, TAN)
First Solar, Inc. (Nasdaq: FSLR) has just given its earnings report. The solar leader in the U.S. reported its revenues were $525.9 million. While this is up from $418.2 million in the first quarter…
NJ Solar Project is World’s Largest Of Its Kind (PEG)
Petra Solar, Inc. may be an unknown company to many investors. But an announcement from it and Public Service Enterprise Group Inc. (NYSE: PEG) may soon change that. The companies both released data on…