Archive for the 'Energy' Category
Arkansas: Emergency Order Halts Natural Gas Drilling After Fluid Injections Allegedly Caused Hundreds of Small Earthquakes
March 7th, 2011Via: Arkansas Online: Chesapeake Operating Inc. and Clarita Operating LLC both said before a hearing Friday in Little Rock by the state Oil and Gas Commission that they will comply with an emergency request to stop injections of used natural-gas drilling fluid in the two wells in Faulkner County. The drillers made the announcement in […]
U.S. Looking at Tapping Strategic Oil Reserve
March 6th, 2011Oh sure. Via: Reuters: White House Chief of Staff Bill Daley said on Sunday the Obama administration is considering tapping into the U.S. strategic oil reserve as one way to help ease soaring oil prices.
Oil: How High Will It Go?
March 3rd, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Some emails have been stacking up with regard to what’s happening with oil prices. In summary, people are wondering, “How high will it go?” and “How bad could this get?” and “Is this it?” etc. As you know, I ignore fundamentals […]
Libya: U.S. Amphibious Assault Ships Reach Mediterranean Sea
March 3rd, 2011Via: Reuters: Two U.S. amphibious assault ships have reached the Mediterranean Sea, a U.S. official said on Wednesday, as Washington intensifies pressure on Libyan leader Muammar Gaddafi to end his four-decade rule. The USS Ponce and the USS Kearsarge, assault ships that typically carry Marines, cleared the Suez Canal from the Red Sea and entered […]
Iran Arrests Opposition Leaders
March 1st, 2011Via: Bloomberg: Oil rose from the lowest in a week in New York as Libyan crude exports were curbed by fighting in the North African country while demonstrations planned in Iran raised concern of wider disruptions. Futures climbed as much as 1 percent after authorities in Iran, the second-largest producer in the Organization of Petroleum […]
SAUDI ARABIA SENDS TANKS INTO BAHRAIN [?]
March 1st, 2011Update: Bahrain Denies Via: Dow Jones: Bahrain’s government Tuesday denied rumors that Saudi Arabian tanks had crossed into the island kingdom. “There are no Saudi Arabian tanks in Bahrain,” Bahrain’s information ministry said in a statement, adding that tanks identified in news reports as crossing the border Monday evening were Bahraini tanks returning from Kuwait, […]
Libya: U.S. Openly Backing Rebels
February 28th, 2011Via: Bloomberg: The U.S. said it will assist Libyan rebels trying to force Muammar Qaddafi from power, as pro- democracy protests that have swept the Middle East spread to Oman and reignited in Tunisia. “We’ve been reaching out to many different Libyans who are attempting to organize in the east and, as the revolution moves […]
NATO Intervention in Libya?
February 25th, 2011I couldn’t make it up if I tried. Ah, yes. The humanitarian crisis in Libya. What about the long running nightmare in Sudan, just to the southeast of Libya? Is NATO going to sort that one out too? What we have with Libya is a humanitarian crisis, mixed together with an oil production problem. This […]
Oil
February 23rd, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Here’s a flashback from November 2010: Oil Could Be On Brink Of Terrifying Move Higher. If you’re doing well on the longside of oil, just keep an eye on that U.S. Dollar Index. It’s nearing uptrending support (drawn from daily swing […]
Highest Gas Prices in February Since 1990
February 23rd, 2011Via: ABC News: Weekly gas prices skyrocketed, according to the Department of Energy, driven by the popular revolts spreading across the Middle East. The U.S. weekly average price per gallon is $3.19, up 54 cents from a year ago, and slightly higher than last week’s $3.14. This was the highest price posted during the month […]
