energy

Oil Market Summary for 03/15/2010 to 03/19/2010

Crude oil futures kept falling back from highs even though speculative funds increased their bets that prices are headed higher. The benchmark West Texas Intermediate contract ended the week at $80.68 a barrel, after nearing $83 earlier in the week, compared to $81.24 a week ago.

The increasing use in the United States of gasoline, jet fuel and other petroleum products made from Canada’s oil sands has aroused opposition from Canadian and U. S. environmentalists equal in intensity to that induced by nuclear waste.

More than half of the state governors urged the federal government to adopt a nationwide renewable energy standard to replace the patchwork of state legislation and foster growth of wind and other alternative energy resources.

Nuclear power is an important part of the solution to global warming, claimed one conference in Paris last week. No, asserted another conference outside Berlin, nuclear power is not an effective way to combat carbon emissions and will drain capital from alternative energies that are.

On September 1, 2009, Libya lavishly celebrated the 40 years in power of its leader Colonel Muammar Gaddafi. Once qualified as the mad dog of the Middle East by President Ronald Reagan, Gaddafi has demonstrated a sheer ability to make of his once pariah country of 6 million people, one of the most assiduously courted both by countries and companies.

Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a seven-week high, after topping $82 in intraday trading.

The European Commission added to its economic stimulus program with the largest-ever package of grants to energy infrastructure, including support for the Nabucco pipeline project that will help Europe diversify its sources of natural gas.

Energy efficiency is one of the themes most discussed by those who are interested in issues regarding energy and the environment. The key question is how effective these proposed solutions will be. Will these technological solutions labeled as ‘energy efficiency’ (i.e.

From a technical standpoint the stock is prime to make a decent move higher after gapping up and looking to breakout of the wedge. Should this trend continue look for an initial price target of $24 followed by $27.

A major moratorium on U.S. domestic oil and gas exploration expired in 2008, yet its extension is now being considered. Thing is, despite vigorous alternative energy efforts, the U.S. will remain extremely dependent on fossil fuels through 2030.

The U.S. has a lot of spent nuclear fuel (SNF) rods from nuclear reactors, which need to be disposed off in deep, protected underground sites. Yet these rods give off massive amounts of heat as they slowly cool.

This is a short article about Crude Oil. Technical analysis points to a potential short-term bottom. Enjoy!

Substantial and unmistakable signs of profound change in the global strategic framework have become concrete in the past year. The stress in the structure has already developed into fissures. The transformation, in reality, has been underway since the end of the Cold War, and will continue and compound for at least another decade.

On 01/14/2010 Senate Majority Leader Harry Reid, in a speech before the Geothermal Energy Association, repeated his intention to move a comprehensive energy and climate bill this spring, presumably after a “jobs” bill and a financial reregulation bill are dealt with. As stated earlier, we view the prospects for such a comprehensive energy and climate bill to be poor.

Do hedge funds have an impact on energy trading?

While the answer might seem intuitive, the debate as to whether they actually do has come to resemble the medieval theological dispute about how many angels can dance on the head of the pin.

Because, like angels, many trades in energy futures are invisible, and it is often not possible to pinpoint where they take place.