Energy Finance

Archive for May, 2009

FERC Approves Funding For Major Transmission Project

Thursday, May 28th, 2009 Posted in Uncategorized | No Comments »

The Federal Energy Regulatory Commission (FERC) approved an unspecified funding arrangement for a major transmission project to link Hydro-Quebec with ISO New England that would deliver low-cost hydropower to consumers ... Read more..

Texas Rig Counts Drop Further, Production Continues to Rise

Wednesday, May 27th, 2009 Posted in Uncategorized | No Comments »

The Texas average rig count as of May 15, 2009 was 338, representing about 40% of all active land rigs in the United States. In April, the Texas Railroad ... Read more..

Banks Earn $7.6 Billion Profit in 1Q 2009

Wednesday, May 27th, 2009 Posted in Uncategorized | No Comments »

The Federal Deposit Insurance Corp. (FDIC) reported that the banking industry earned $7.6 billion in profits in the first quarter of this year, compared with a record loss of $36.9 ... Read more..

S&P: Crude As An Alternative Investment

Tuesday, May 26th, 2009 Posted in Uncategorized | No Comments »

Oil prices jumped $4 to $61 per barrel on Friday as the dollar decline increased the appeal of crude as an alternative investment, according to Standard & Poor's Weekly Market ... Read more..

NCPA: Obama’s New CAFE Standards May Cause More Harm Than Good

Tuesday, May 19th, 2009 Posted in Uncategorized | No Comments »

The Obama administration’s announcement of new mileage and pollution standards, called corporate average fuel economy (CAFE) is "a disgraceful attempt to court environmental votes by reducing consumer choice," according to ... Read more..

Revised Rules Regulating Market Manipulation

Thursday, May 7th, 2009 Posted in Uncategorized | No Comments »

On April 16, 2009, the Federal Trade Commission (FTC) issued a Revised Notice of Proposed Rulemaking (RNPRM) seeking comment on a proposed rule that would prohibit market manipulation in the ... Read more..

Roller Coaster Rig Ride

Wednesday, May 6th, 2009 Posted in Uncategorized | No Comments »

At the beginning of 2008 about 1,774 oil and gas drilling rigs were operating in the U.S. About 18%, some 316, were oil rigs. That rig count represented a continuation ... Read more..

Stress-Test Report Card For Banks

Tuesday, May 5th, 2009 Posted in Uncategorized | No Comments »

On Thursday, some U.S. banks will receive their report cards. Treasury officials will announce how much money the 19 largest banks could lose if the recession worsens, after undertaking a ... Read more..

Morgan Stanley Says Gas Supply Still Growing

Monday, May 4th, 2009 Posted in Uncategorized | No Comments »

Despite expectations for evidence of declines, February natural gas supply trends evidenced continued growth, says Stephen Richardson, analyst with Morgan Stanley Research. Current Energy Information Administration monthly data confirms the widening ... Read more..