Search Results

Oil and Gas Exploration Project Fall in Prices


From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.

Coal Price In World Market and Trade Higher


As consumers struggle to get used to $4-a-gallon gasoline, there’s another source of energy that is becoming more expensive: coal.
The price of a ton of Central Appalachian coal on the futures market was $42.65 a year ago and has risen to around $96, according to figures from the U.S. Energy Information Administration. That increase comes [...]

Imperial Oil, ExxonMobil Canada Bet C$585M on Offshore Arctic Oil & Gas


Imperial Oil Ltd. and its sister company ExxonMobil Canada [NYSE:XOM], have slapped down a cool half billion dollar bet that offshore exploration in the Beaufort Sea could result in profitable oil and natural gas production.
The C$585 million bid, one of three totalling almost C$600 million, signals renewed interest in a challenging frontier region where minimal [...]

Goldman, Deutsche Bank Say Double Down on Commodities (Update1)


Anyone who followed the advice of Goldman Sachs Group Inc. last year and invested $10 million in the Goldman Sachs Commodity Index would have lost 15 percent, or $1.5 million.
Like so many of Wall Street’s best and brightest, Goldman, the biggest securities firm by market value, says it wasn’t wrong, just early, and to expect [...]

Petro-Power and the Nuclear Renaissance


With global demand for energy constantly rising and supplies contracting (or at least failing to keep pace), the world is being ever more sharply divided into two classes of nations: the energy haves and have-nots, says Michael Klare.
Not “Islamo-fascism” but “Energo-fascism” — the heavily militarized global struggle over diminishing supplies of energy — will dominate [...]

Oil, Gold Bottom on China-Led Rebound, U.S. Trust, Goldman Say


Oil, gold and copper have bottomed in the last three weeks and may lead a rebound in the commodities markets, say a growing minority of strategists.
“We are positioning for an upturn,” said Michael Hoover, who manages $475 million at U.S. Trust Co.’s Excelsior Energy and Natural Resources Fund, which gained an average 20 percent a [...]

Human Ingenuity Trumps Status Quo


For those who worry that the earth is running out of oil, the discovery of a vast new petroleum reserve deep below the Gulf of Mexico is an important lesson about human beings’ ability to adapt to a changing world.
The question of how much of the world’s oil remains to be pumped has become the [...]