Energy Finance

Archive for February, 2009

Commodities Price Reversal

Friday, February 27th, 2009 Posted in Uncategorized | No Comments »

There has been a reversal of fortunes in commodities prices over the past week, with crude oil being the best performing component and gold the worst performing component, ... Read more..

WoodMac: No Growth Until 2010

Thursday, February 26th, 2009 Posted in Uncategorized | No Comments »

According to its new report, Wood Mackenzie predicts a "prolonged global recession in which economic growth will not occur until the first quarter of 2010." Based on the firm's findings, global ... Read more..

Salazar Scraps Oil Leases

Wednesday, February 25th, 2009 Posted in Uncategorized | No Comments »

Today, U.S. Interior Secretary Ken Salazar is reportedly scrapping leases on federal land for shale oil projects in Colorado, Utah and Wyoming. This is the second time Salazar has reversed a ... Read more..

S&P: Global Finance Update

Monday, February 23rd, 2009 Posted in Uncategorized | No Comments »

Oil prices rose $4 to $39 per barrel on Friday (midday) on global growth concerns, according to Standard & Poor's U.S. Financial Notes. S&P expects oil prices to recover part ... Read more..

OSX Outperforms S&P

Friday, February 20th, 2009 Posted in Uncategorized | No Comments »

The Philadelphia oil services and equipments exchange (OSX) declined 5.9% this week, closing on Thursday at 122.09, versus the S&P 500 which fell 6.7% to 778.94, says Mark Urness, New ... Read more..

PFE Plan: Use It Or Lose It

Tuesday, February 17th, 2009 Posted in Uncategorized | No Comments »

The markets are in an uproar. Commodity prices are at ludicrously low levels, capital scarcity and bank redeterminations are bringing industries to a screeching halt, and yet the threat of ... Read more..

E&Y: Commodity Price Drop Historically Significant

Tuesday, February 17th, 2009 Posted in Uncategorized | No Comments »

Ernst & Young recently explored past commodity price drops, looking for signs that an end to our current downturn is in sight. At 75%, this has been the most significant ... Read more..

S&P: Large Complex U.S. Banks Had A Bad Fourth Quarter

Wednesday, February 11th, 2009 Posted in Uncategorized | No Comments »

Fourth-quarter 2008 saw the worst financial performance by the largest U.S. banks since the Great Depression of 1929, according to a report released yesterday by Standard & Poor's Ratings Services ... Read more..

General Motors To Lay Off 10,000

Tuesday, February 10th, 2009 Posted in Uncategorized | No Comments »

General Motors Corp. plans to lay off 10,000 salaried workers, and will need to restructure as a government deadline looms and amid some of the worst sales in the auto ... Read more..

Another 20,000 Jobs Down The Drain

Monday, February 9th, 2009 Posted in Uncategorized | No Comments »

Nissan Motor Co. of Japan is slashing 20,000 jobs, or 8.5% of its workforce, to cope with its first annual loss in nine years. Nissan expects to post a $2.9 ... Read more..