Will Revolution In Egypt Lead To Oil Armageddon?
Closure of the Suez canal should not have a major impact on energy prices. But things would get a little more complicated if revolutionary fervor picked up in Yemen.
Closure of the Suez canal should not have a major impact on energy prices. But things would get a little more complicated if revolutionary fervor picked up in Yemen.
A number of small landowners have claimed that Chesapeake isn't honoring leasing contracts. Now they've been joined by billionaire Harold Hamm.
Public doubts about smart meters -- the basic components of a smart grid -- are in the news once again. read »
Higher oil prices helped BP's profit increase 30% in the fourth quarter according to an earnings statement the company released Tuesday. It estimated a charge of $1 billion in the fourth quarter and a total $40.9 billion in full-year costs related to the Gulf of Mexico oil spill affected income. read »
That's what the New York Times is asking. read »
Enphase Energy has made a mark in the world of solar by developing small scale inverters called microinverters that make installation easier and improve the performance of rooftop solar panels. Now Enphase, a private company based north of San Francisco in Petaluma, is announcing it has formed a distribution deal with Siemens, which already sells inverters used for larger solar applications. read »
ExxonMobil is among the largest independent oil and gas exploration and production companies in the world and competes with other major oil companies like BP, Chesapeake, Anadarko and Chevron. read »
As burning tires and an angry youth movement dominate Cairo’s urban landscape, social unrest in the North African nation has continued to move global assets, sending oil above $100 a barrel for the first time in over two years. While U.S. indices moved higher on the day on the back of strong earnings from Exxon Mobil, oil tanker stocks have been shedding some of their stellar gains from Friday’s session,as Egyptian president Hosni Mubarak struggles to keep in power. read »
Energy stocks were popular Monday after Exxon Mobil beat expectations for the fourth quarter and said its full-year earnings increased by 57%. This came after Alpha Natural Resources said it had reached an agreement to merge with Massey Energy in a deal that would form one of the world's largest metallurgical coal suppliers. read »
Private equity titan Wilbur Ross, Chairman and CEO of W.L. Ross & Co, discusses why his group is zeroed in on U.S. and European banks, shale gas and health care. Mr. Ross also gives his take on the Fed's quantitative easing program, President Obama's Sputnik reference, and private sector job growth for 2011. His view: "Corporate America is in much better shape than Mr. & Mrs. America." read »