Argentina Finds More Oil, For Itself
One of Argentina’s largest oil companies has found huge new reserves in the Patagonian province of Chubut. "An oil reserve has been discovered in the Escalante basin that’s twice as big as what Chubut…
Energy
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Newest first · Page 504Oil: Will OPEC Tighten The Noose?
Only a week ago, George Bush was on hand and knee begging the King of Saudi Arabia to send the US more oil. The gesture may get him some lucrative speaking engagements in the…
Lazard’s Defense of SunPower (SPWR)
SunPower (NASDAQ: SPWR) posted a lackluster guidance after earnings this morning and this originally had most of the other key solar stocks trading much lower. Most of these recovered handily in the morning and…
SunPower Guidance Takes Solar Stocks Lower (SPWR, FSLR, YGE, WFR, ESLR, LDK, JASO, CSIQ)
SunPower Corp. (NASDAQ: SPWR) is taking a hard hit to its stock price after the company reported earnings today, but it is the guidance rather than the earnings that is acting as the punisher. …
Hoku Disconnect: Past Earnings Versus Potential Operations (HOKU)
HOKU Scientific Inc. (NASDAQ: HOKU) reported a Q3 non-GAAP loss of -$0.01 per share, which is better than the First Call consensus of estimate of -$0.10 and revenues rose 15.0% from last year to…
Schlumberger Grows, But Maybe Not Enough To Please (SLB, OIH)
Schlumberger Ltd. (NYSE: SLB) has posted diluted earnings-per-share of $1.11 versus $1.09 in the previous quarter, and $0.92 in the fourth quarter of 2006. Revenues were $6.2477 Billion, up from $5.349 Billion in Q4…
With Potential New Oil Supply Coming, China Is Wild Card
A new study be Cambridge Energy Research Associates shows that new oil field discoveries could offset slowing production from older fields. According to The Wall Street Journal "This study supports a view that there…
Goldman Sachs On Alternative Energy (SPWR, BLDP)
Goldman Sachs has an upgrade and a downgrade in the alternative energy sector today, although it notes positive headwinds in the sector continuing for 2008. On the auto-side for fuel cells, Goldman Sachs is…
Why No One Wants To Pump $100 Oil
At $100 a barrel, investors would think oil companies could not get crude out of the ground fast enough. Think of the huge profits now that the price of oil has almost doubled in…
Markets Bet Heavily That Oil Will Move to $200
The facts about demand for crude staying strong in India, China, and the US are catching up to the market. So are concerns about unstable governments in Africa, the Middle East, and South America.…
OPEC Say $100 Oil Is Not Its Fault
OPEC says no one should point the finger at it for $100 oil. The new head of the cartel told Bloomberg “There is enough oil in the market. It’s the problems in Nigeria, in…
The Consequences Of $100 Oil
A recent study in the UK says that the country will lost 1.5% of its GDP is oil stays above $100 for any extended period. According to The Guardian "half of this coming from…
Cramer’s Natural Gas Stock For 2008 Production Increases (UPL, HAL)
Tonight on CNBC’s MAD MONEY, Jim Cramer said he’s been expecting natural gas to catch on for years, particularly since natural gas is the same price as two years ago while oil has doubled. …
OPEC Claims It Is Not At Fault For $100 Oil
OPEC ministers are saying that $100 oil is not their fault and that raising supply will do nothing to bring down price. "I think the main problem is outside the oil market. Too much…
Oil’s Next Stop: $150
Legions of analysts said that oil would never touch $100. OPEC would lift supply. A slowing economy would cut demand in China and the US. Political problems in Nigeria, the Middle East, and Venezuela…