After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of last week’s losses as positive new-housing sale data spurred most markets forward.
Full article at: http://www.oilprice.com/article-us-housing-data-spurs-late-gains-in-oil-prices-after-mixed-week-304.html
Wholesale electricity prices in the U.S. fell by more than half last year, driven largely by a decline of more than 50% in natural gas prices in what looks like a permanent shift in the domestic energy market, according to a recent government report.
Full article at: http://www.oilprice.com/article-shale-gas-changing-market-paradigm-in-us-as-electricity-prices-plummet-report-says-290.html
The recent oil and gas boom has been an education for a lot of people. Including regulators. Designing oil and gas laws is not easy business. Especially when it comes to setting royalty rates.
Full article at: http://www.oilprice.com/article-flexible-royalties-are-the-key-to-oil-and-gas-exploration-289.html
Romania, Azerbaijan, and Georgia on April 13, 2010, took a major step toward the implementation of a substitute energy distribution network to substitute for the US-backed Nabucco strategic gas pipeline complex.
Full article at: http://www.oilprice.com/article-floating-alternative-to-nabucco-pipeline-moving-toward-implementation-282.html
Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime mortgage securities, amid a general sell-off in financial and commodity markets.
Full article at: http://www.oilprice.com/article-sec-charge-against-goldman-has-volcanic-impact-on-energy-markets-283.html
Iran, the world’s fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality, but some industry players believe it’s due to an inability to sell all of their production right now.
Full article at: http://www.oilprice.com/article-iran-storing-oil-at-sea-due-to-weak-demand-285.html
Under the shadow of the West Virginia coal mine disaster earlier this month, a congressional hearing Wednesday on the future of coal in a “new energy age” seemed at times like a dialogue of the deaf.
Full article at: http://www.oilprice.com/article-us-coal-industry-fights-climate-legislation-at-congressional-hearing-279.html
When it comes to energy, there is an incoherence to President Barack Obama’s policies. This incoherence is embedded in his administration in the person of Carol Browner. She is largely regarded as the agent of a kind of reactionary environmentalism that once haunted the Democratic Party.
Full article at: http://www.oilprice.com/article-obamas-energy-policy-a-labyrinth-of-contradictions-274.html
The number of geothermal energy projects in the U.S. grew by 26% last year, to 188, as development of the alternative energy source spread from the western states to the Gulf Coast.
Full article at: http://www.oilprice.com/article-us-geothermal-projects-increase-in-year-extend-to-gulf-coast-275.html
Ten of the 11 recessions in the United States since World War II have been preceded by a sharp increase in the price of crude petroleum. Oil had been holding around $80/barrel over the last month, but traded as high as $87 last week, leading the Financial Times to ask whether oil could give the “kiss of death to recovery.” Here is how I would answer that question.
Full article at: http://www.oilprice.com/article-do-rising-oil-prices-threaten-the-economic-recovery-269.html
