Energy Finance

Archive for August, 2008

Gustav Spikes Gasoline Prices

Friday, August 29th, 2008 Posted in Uncategorized | No Comments »

Forecasters say Gustav — still a tropical storm this morning as it moved off Jamaica — will likely grow into a major hurricane over deep, warm Gulf of Mexico waters this ... Read more..

Lenders’ bills coming due

Tuesday, August 26th, 2008 Posted in Uncategorized | No Comments »

Merrill Lynch & Co.,  Wachovia Corp., Lehman Brothers Holdings Inc. and other lenders are about to find out how expensive credit has become. Banks, securities firms and lenders have a record $871 ... Read more..

Australia’s Queensland Bans Shale-Oil Mining For 20 Years

Monday, August 25th, 2008 Posted in Uncategorized | No Comments »

Australia's Queensland state has implemented a ruling to ban shale-oil mining for 20 years, thus blocking a plan by Brisbane-based Queensland Energy Resources Pty. for an oil-sands stripmine to be ... Read more..

Prison Stripes For Gas Traders, Oil Tycoon

Friday, August 22nd, 2008 Posted in Uncategorized | No Comments »

Two gas traders were sentenced to prison yesterday for reporting false gas trading data to industry publications in order to control gas markets. Michelle Valencia, a former Dynegy trader, faces a 57-month ... Read more..

GOM Lease Sale 207

Thursday, August 21st, 2008 Posted in Uncategorized | No Comments »

The super-majors dominated the western GOM Lease Sale 207 as interest in deepwater exploration continues to be robust.  Super-majors accounted for over half of all bidding. Lease Sale 207's $487 million in ... Read more..

Fear Wins The Battle…

Wednesday, August 20th, 2008 Posted in Uncategorized | No Comments »

Fear wins the battle but greed will win the war," says Mark Urness, analyst at Calyon Securities USA, referring to oilfield service stock values. While industry fundamentals remain strong and companies ... Read more..

Oil $ May Climb North Again

Tuesday, August 19th, 2008 Posted in Uncategorized | No Comments »

Oil prices rose yesterday as the dollar weakened and investors worried that a predicted fall in gasoline supplies could cause refineries to step up crude use. U.S. crude for September delivery ... Read more..

T. Boone for VP?

Monday, August 18th, 2008 Posted in Uncategorized | No Comments »

Yesterday, Barack Obama met with longtime conservationist and oilman T. Boone Pickens. They met to discuss strategies for developing alternative energy. Obama reportedly praised Pickens as a legendary entrepreneur, and said, "One of the ... Read more..

U.S. Inflation Rate Soared To 5.6% In July

Friday, August 15th, 2008 Posted in Uncategorized | No Comments »

The annual U.S. inflation rate soared to 5.6% in July - its highest in 17 years - according to recent reports. Rising inflation could force the Federal Reserve to start raising ... Read more..

EnerCom: Lots Of Bargains, But When To Buy?

Thursday, August 14th, 2008 Posted in Uncategorized | No Comments »

The mood at EnerCom's oil and gas conference in Denver has been positive, if slightly frustrated, says Jeb Armstrong, analyst at Calyon Securities (USA). With gas prices over $8.00 per million Btu ... Read more..