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Sierra Geothermal Power Corp. (TSX VENTURE:SRA) (”SGP”) today announced that it has amended and reduced the exercise price [...]
DALLAS–(BUSINESS WIRE)–Today energy expert T. Boone Pickens provided his sixth consecutive monthly update on the level of United States’ oil importation.
Pickens said that based on the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA), the U.S. imported 65 percent of its oil, or 366 million barrels, in May 2009, sending approximately [...]
SINGAPORE - Oil prices hovered above US$53 a barrel Monday in Asia as investors looked to U.S. bank stress test results and April unemployment data this week for signs the worst of the recession is over.
Benchmark crude for June delivery was up 22 cents to $53.42 a barrel by late afternoon in Singapore, in electronic [...]
Russell Gold reports:
Which is a safer bet—Big Oil or Big Government?
Exxon Mobil and BP now have lower five-year credit default swap spreads than the U.S. government, Deutsche Bank pointed out. In other words, the market thinks the U.S. government is more likely to go bust by 2014 than Exxon.
That’s part of Deutsche Bank’s argument for [...]
By Joe Brock
LONDON (Reuters) - Oil rose 3 percent toward $39 a barrel on Wednesday, as OPEC kept up talk of production cuts and a cold snap in the United States boosted heating oil demand.
Top exporter Saudi Arabia said on Tuesday it was prepared to go even further than cuts it had made since December [...]
By ELIZABETH SOUDER/ The Dallas Morning News
GLEN ROSE – If the turnout for Tuesday’s public meeting on expansion of the nuclear plant is any sign, protesters might not pose much of a threat to Energy Future Holdings’ plans to build two new reactors.
Some representatives of state environmental groups and a few local people expressed [...]
Biofuel, wind, solar companies take a hit in ‘08
by Dirk Lammers
AP Energy Writer
SIOUX FALLS, S.D. - Alternative energy stocks were battered on Wall Street in 2008 as volatile commodity prices, a continuing global recession and tightening credit markets drove one ethanol company into bankruptcy protection and sent shares of others down more than 90 percent.
Wind [...]
TOKYO (Reuters) – Oil headed lower for the first time in three days on Friday, after jumping nearly $6 in the past two days as the OPEC president called for more “severe” production cuts at its meeting next week.
By 0018 GMT (7:18 p.m. EST on Thursday evening), crude for January delivery traded down $1.15 at [...]
NEW YORK, Nov. 26 (UPI) — Crude oil prices rose modestly Wednesday on the New York Mercantile Exchange, gaining 39 cents to $51.16 per barrel.
Crude prices have dropped since Monday’s spike to move than $54 per barrel, which came after the U.S. government decided to bail out Citigroup Inc. (NYSE:C)
On Wednesday, heating oil prices rose [...]
SINGAPORE – Oil prices fell below $54 a barrel Tuesday in Asia after surging overnight as investors mulled whether a U.S. government bailout of Citigroup Inc. restores enough confidence to staunch crude’s 64 percent slide since July.
Light, sweet crude for January delivery was down 61 cents to $53.89 a barrel in electronic trading on the [...]
