Sunday, May 24, 2015 03:01 PM
Mostly Cloudy 27°C
The Environmental Protection Agency's (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scrambling to get in on second-generation technology poised for massive revenue gains.
Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings. Just like Chesapeake (CHK), they reduced natural gas output, but on a much grander scale. CHK has yet to report and will do so on May 6th providing even more color
to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? Is this a relatively short term event like 2008, or a longer term slump
like the one in the
Even as financial commentators on CNBC are starting to
still have the edge
', according to a report from TD Economics.
Depressed oil prices may have skewed the view from Canada's
When oil prices recover-and plenty of analysts think the climb back up will start soon-Canada's western frontier of Saskatchewan and neighboring Alberta will '
A fascinating recent paper
by Juan Montecino and Gerald Epstein at the Institute for New Economic Thinking looks at who has been the real beneficiary of the Federal Reserve's money printing mania since 2008.
As we are all
Recently, Warren Buffett has made headlines by selling all of his shares in Exxon Mobil
(NYSE: XOM), the rest of his position in ConocoPhillips (NYSE:COP), and reducing his stake in National Oilwell Varco
. This has people wondering if the glory days of oil investing are over.
Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour.
Do you have faith in your local police department?