Tag Archives: US energy
“European Union leaders are set to urge faster integration of the bloc’s power and natural-gas markets to lower energy prices,” says Bloomberg, “as the U.S. shale-gas revolution widens the EU’s cost gap with its largest trading partner.” Current energy costs in the EU are four times higher than in the U.S. and growing, but Europe [...]
How can you make money by investing in the stock market? It helps to go where the money is flowing. Along those lines, two of the strongest sectors of the current U.S. economy barely existed a few years ago. In fact, one sector was left for dead (and I mean roadkill!) when the U.S. government [...]
“For items that are mainly plastic, such as children’s toys,” Reuters opines, “it isn’t a stretch to see U.S.-based factories once again becoming cost competitive with China.” That’s because the sudden influx of cheap American shale oil to the market in recent years has disrupted the Chinese petrochemical industry that make the plastic that makes [...]
Protesters descended upon Washington, D.C., recently. They visited our nation’s control center to oppose construction of the Keystone XL Pipeline, from Alberta to the Gulf Coast. At a higher level, Keystone protesters don’t want Canada to develop its oil sand resources in Alberta. It’s “dirty oil,” they say. Leave it in the ground is their [...]
Lakshmi Mittal is the head of the largest steelmaker in the world, ArcelorMittal. It is a company he built up through many savvy acquisitions. As a result, Mittal is one of the richest men in the world. He also has a global perspective second to none, having run businesses in many different countries. So when [...]
There could be more delays for the Keystone XL Pipeline as the Bakken Shale boom in North Dakota is driving energy prices down hurting the margins for the oil sands producers, Rigzone reports. Although large reserves and steady production continue to make the oils sands an attractive investment, it’s unclear exactly where and when all that crude oil is going to be refined.
Oil prices fell 1.3% on March 28th following a federal report of increased inventory. “The Energy Information Administration said commercial US inventories of crude shot up by 7.1 million bbl to 353.4 million bbl in the week ended Mar. 23, far surpassing Wall Street’s consensus prediction of a 2.6 million bbl increase”, Oil&GasJournal reports. Although inventories are high, there’s still opportunity for price increases by summer. Stay tuned.
Across the Atlantic there’s another energy story brewing. According to the Associated Press story “Russia has lashed out at an offer by the European Union to broker talks between energy-rich former Soviet nations Azerbaijan and Turkmenistan aimed at creating a natural gas pipeline that would carry Turkmen fuel to the West.” As the global energy grab continues, those that have it will want to keep it and those that don’t will want it even more…
This from Rigzone “Chevron Chairman and CEO John S. Watson said Wednesday that the U.S. is within reach of an energy renaissance that would unlock U.S. energy resources and generate economic growth if a rational, robust and comprehensive energy policy in the U.S. can be established.” As we’ve said before in these pages, energy could be the key to job development and a better U.S. economy.