Old Energy Stream for 11/20/08
Natural gas slumps after data show unexpected increase in inventories
NEW YORK (MarketWatch) -- Crude-oil futures fell for a fifth session Thursday, slumping 7.5% to close at the lowest level in more than three years, as global stocks tumbled and economic worries deepened.
Oil Closes Below $50, Lowest Price Since May 2005
After rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight.
Longtime Head of House Energy Panel Is Ousted
WASHINGTON — Representative Henry A. Waxman of California ousted Representative John D. Dingell of Michigan from his post as chairman of the influential Committee on Energy and Commerce on Thursday, giving President-elect Barack Obama an advantage in his plans to promote efforts to combat global warming.
Old Energy Stream for 11/18/08
Clean energy report: Texas should act now or risk losing out
If Texas is going to win a significant share of the emerging clean energy industry, it’s going to have to increase its competitiveness—starting with the upcoming 2009 legislative session, according to a report released Tuesday.
Earnings halve at British Energy
BBC - British Energy has seen its half-year earnings fall 49.7% as a result of shutdowns at its nuclear power plants.
Oil Falls on Forecast of U.S. Supply Gain, Declining Demand
Nov. 18 (Bloomberg) -- Crude oil fell to the lowest in almost 22 months on forecasts that a report will show U.S. oil supplies increased for an eighth week as a recession erodes global demand.
Old Energy Stream for 11/16/08
Iran wants new oil output cut, price of $70-100
TEHRAN (Reuters) - Iran wants OPEC to cut oil output by a further 1 to 1.5 million barrels per day (bpd) when it meets in Cairo later this month, th
e Islamic Republic's representative to the cartel was quoted as saying on Saturday.
Traders Bet on $30 Oil as OPEC Plans Talks on Output
Nov. 14 (Bloomberg) -- Oil traders made their biggest bet yet that the Organization of Petroleu
m Exporting Countries will fail to prevent crude prices from plunging below $30 a barrel.
Crude Oil Falls as Global Slowdown Cuts Demand in China, Japan
Nov. 17 (Bloomberg) -- Oil fell for a second day in New York on signs the global slowdown is limiting demand in China and Japan, the world's second- and third-largest crude users.
Old Energy Stream for 11/15/08
How low can oil go? A lot lower, but it'll recover
LONDON (Reuters) - World oil prices could easily fall below $50 a barrel and might even slip toward $40 or perhaps $35, but they will recover and could do so fairly quickly, analysts and economists say.
After the credit crunch, the oil crunch: watchdog warns over falling supplies
The International Energy Agency is to call today for an energy revolution and a "major de-carbonisation" of global fuel sources as the world confronts tighter oil supplies caused by shrinking investment.
Iraq lawmaker says Shell deal lacks transparency
BAGHDAD, Nov 8 (Reuters) - The head of Iraq's parliamentary Oil and Gas Committee said on Saturday he was concerned about a lack of transparency in a flare gas contract which the government has signed with oil major Royal Dutch Shell
