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Written by Miranda Marquit
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On Monday, energy stocks got a bit of a boost as speculations over an OPEC production cut sent oil prices a little bit higher, and as bargain hunters began looking for what quality could be had for bargain prices.
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Written by Jeanne Roberts
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Photo: gari.baldi, Creative Commons, Flickr
Microbes are a class of living organisms that include bacteria, viruses and fungi.
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Written by Jeanne Roberts
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Photo: SchultzLabs, Creative Commons, Flickr
Oil runs the world, fueling industrial processes that make everything from computers to plastic containers. Without it, vehicles, airplanes, trucks that bring food to grocers shelves, and ships that bring steel from China wouldn't run. The modern world would grind to a halt.
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Written by Miranda Marquit
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Right now, as the stock market rally eases a bit in terms of the financial sector, the energy sector is holding gains. A measure of confidence is returning, thanks to remarks from Ben Bernanke regarding his dedication to stimulate the economy. Also helping the energy sector is the expectation that OPEC will soon be cutting production. This means that supply will decline along with demand, and that oil prices are expected to even out a bit. As a result, Big Oil companies are getting a little boost. ExxonMobil (XOM) and Chevron (CVX) posted the top price earnings out the gate Monday morning on combined confidence and OPEC news.
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Written by Miranda Marquit
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Photo: cackhanded, Creative Commons, Flickr
Even in this down economy, there are people who are still interested in environmental issues, and Exxon Mobil (XOM) is not about to be left off the bandwagon. The company is releasing ads that highlight its focus on environmental protection and alternative energy. The question, though, is whether this is more Big Oil greenwashing or if XOM is sincere in its efforts. |
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Written by Miranda Marquit
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Photo: tsevis, Creative Commons, Flickr
As the stock market tumbles for yet another day, Big Oil stocks find themselves hard hit. Indeed, energy investments, from Big Oil companies like Exxon (XOM) and Chevron (CVX) to the Amex Natural Gas Index (XNG) to alternative energy like First Solar (FSLR) are suffering massive losses as the hemoraging continues. Oil companies, especially, are feeling the pinch. |
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Written by Miranda Marquit
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Photo: law_keven, Creative Commons, Flickr
Tonight I watched the second presidential debate. Both John McCain and Barack Obama pointed out that energy is a foundation of our economy. But from what they said about energy and the environment, I agree more with Obama's view of things. |
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Written by Miranda Marquit
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Back in August, California's Air Resources Board passed a mandate requiring that
Photo: arbyreed, Creative Commons, Flickr
ethanol blend in gasoline be upped to 10 percent (from 5.7 percent). Oil refineries in California have until 2009 to carry out the changes that would bring companies in compliance with the mandate. Tesoro (TSO), however, is fighting back. |
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Written by Miranda Marquit
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Vice presidential candidate Sarah Palin does have a record of taking on Big Oil and forcing companies like Exxon (XOM -- who is suing the state) to make unpleasant concessions in her home state of Alaska.
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Written by Miranda Marquit
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Does Big Oil see which way the wind is blowing (and where the sun is shining)? |
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Written by Miranda Marquit
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If you are looking into energy stocks (which are rather volatile right now, what with all the oil fluctuations), it can be difficult to decide what to go with. ExxonMobile (XOM) and Chevron (CVX) seem a little expensive -- even if they are gaining along with the rest of the stock market. This is part of the reason that some investors like XTO Energy (XTO). |
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Written by Jeanne Roberts
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Photo: Dead Air, Creative Commons, Flickr
Reports from reputable scientific groups like the Global Carbon Project of Australia indicate the rise in global carbon dioxide emissions last year exceeded even the Intergovernmental Panel on Climate Change's (IPCC) predictions. This is pretty alarming, considering the IPCC is far from optimistic.
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Written by Miranda Marquit
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OXY to buy out Plains Exploration & Production (PXP) for $1.25 billion.
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Written by Miranda Marquit
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Bloomberg reports that XOM's cash stockpile is contributing to share price drop.
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Written by Miranda Marquit
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Saudi allows CVX to continue its operations in the kingdom on behalf of the government.
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Written by Miranda Marquit
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Photo: -Marlith-, Creative Commons, Flickr
Iberdrola (IBE.MC), the wind energy giant from Spain, has been trying to buy Energy East (EAS) since June 2007. However, it has run up against hurdles as different public service commissions in the states that would be serviced by the new arrangement put the deal up for a vote. Now, though, the New York Public Service Commission has voted (4-0) to approve the acquisition -- provided Iberdrola meets some fairly stiff demands:
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Written by Miranda Marquit
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AltaRock secures rights for geothermal development. |
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Written by Miranda Marquit
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Photo: jnxyz, Creative Commons, Flickr
The power of bloggers is once again being put in the spotlight as BP (BP) encourages bloggers to use the latest product offering from the company, BP with Invigorate. BP offered some schwag to the bloggers in exchange for their thoughts on exclusively using BP with Invigorate. According to the BP Web site, Invigorate cleans, protects and enhances the performance of your car. It's supposed to save you money in the long run on gas and maintenance. BP is hoping that enlisting the help of bloggers will create some buzz around the product.
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Written by Michelle Haimoff
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In his Democratic presidential nomination acceptance speech on Thursday night, Senator Obama said:
For the sake of our economy, our security, and the future of our planet, I will set a clear goal as president:In 10 years, we will finally end our dependence on oil from the Middle East.
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Written by Miranda Marquit
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Photo: skinr, Creative Commons, Flickr
While the U.S. is busy trying to govern Iraq and keep the peace, China has settled a deal with Iraq allowing it to be the first international oil company to develop a rather large discovered oil field in one of the areas of Iraq considered "new" in terms of oil production. CNPC, the state-run oil company in China, made a deal for a $3 billion contract for Adhab. The Guardian reports on China's continued competition against U.S. Big Oil companies for resources: |
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Ethanol-Biofuels