Thursday 18 March 2010

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openDemocracy

Phil Windley

Staffjam

Cobb

Lisa Derrick

Rob Port

James Joiner

Torrance Stephens - All-Mi-T

Torrance Stephens - All-Mi-T

Halfway To Concord

Halfway To Concord

Jon Newton

Bensred

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U.S. Jobs Data Propels Crude Oil Above $80 a Barrel

U.S. Jobs Data Propels Crude Oil Above $80 a Barrel

Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a (...)

9 Mar. 2010 | | Staffjam

Is the Dollar Really Safer Than the Euro?

Is the Dollar Really Safer Than the Euro?

The European currency has depreciated dramatically against the US dollar in the past few months, falling from over $1.50 on December 1st to $1.35 today. The move has caused many investors to question the viability of the European Union and its currency, (...)

8 Mar. 2010 | | Staffjam

Iraq Awards Drilling Contract as it Reaches for Ambitious Oil Production Target

Iraq Awards Drilling Contract as it Reaches for Ambitious Oil Production Target

Iraq announced a $318 million contract with a unit of Turkish Petroleum to drill 45 wells in the supergiant Rumaila oilfield as the country strives to regain and even surpass pre-war production levels. With the third-largest proven oil reserves in the (...)

3 Mar. 2010 | 1 comment | Staffjam

Peak Oil and the Investment Landscape: A Look at the Potential Winners and Losers

Peak Oil and the Investment Landscape: A Look at the Potential Winners and Losers

Last month, I explained in an article how and why the world is approaching a worldwide peak in oil production sometime in the next decade. Although there are large implications throughout the economy, I want to say upfront that I do not think this will (...)

22 Feb. 2010 | 1 comment | Staffjam

Libya Faces Tough Energy Sell Following Scant Oil & Gas Claims and Government Fiascos

Libya Faces Tough Energy Sell Following Scant Oil & Gas Claims and Government Fiascos

Once an international outcast for its penchant for terrorism and weapons of mass destruction, Libya now wants foreigners to take a greater stake in the oil market and in turn encourage local firms to play a larger role as well. The Libyan government has (...)

19 Feb. 2010 | 1 comment | Staffjam

Fed Chooses to Exit through Eye of Needle

Fed Chooses to Exit through Eye of Needle

Ben Bernanke is making sure the Fed’s exit strategy goes as easily as a camel can pass through the eye of a needle. Instead of choosing to just sell assets and unwind the amount of securities it holds, the Fed chairman is seeking to be creative once (...)

17 Feb. 2010 | 2 comments | Staffjam

A Big Vote of Confidence for the Alberta Oil Sands

A Big Vote of Confidence for the Alberta Oil Sands

This is a big vote of confidence for the oil sands. At a time when confidence in Alberta’s massive oil deposits has been flagging. With the oil price having pulled back over the last year, a lot of concerns were once again being trotted out about (...)

16 Feb. 2010 | 4 comments | Staffjam

Crude oil prices took a dive on Friday

Blizzard conditions in the U.S. Northeast had propelled West Texas Intermediate prices back up above $75 earlier in the week. But a decline of some 1.5% on Friday pushed prices down near $74 a barrel again. Still, oil was ahead about 4% on the week. Crude (...)

15 Feb. 2010 | 3 comments | Staffjam

Fund of the decade

Fund of the decade

Russia’s equity markets are amongst the most volatile in the world. Its president is predatory. Its legal system is shoddy. And its economy is addicted to oil. But Russian funds were the best performing fund of any class in the decade just ended, (...)

12 Feb. 2010 | 3 comments | Benaris

The U.S. Dollar is back

The U.S. Dollar is back

The U.S. Dollar is Finally Getting Invited Back to the Investment Party The buck is up 6% against the euro in the last three weeks. Notwithstanding problems in Greece and Spain, and the attendant complications for the E.U., this is a pretty good (...)

10 Feb. 2010 | 4 comments | Staffjam

Endless Oil

Endless Oil

”Endless Oil” is the title of a piece in Business Week (Jan, 18, 2010). Its author is Stanley Reed, and it was interesting for me because I remember when Business Week would not have published a tissue of nonsense like that article, and (...)

9 Feb. 2010 | 3 comments | Staffjam

Cloud: Hype, opportunity, or disintermediation

Cloud: Hype, opportunity, or disintermediation

An under pressure telecoms industry will be meet to discuss the pros and cons of the cloud. Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 (...)

9 Feb. 2010 | 3 comments | Emma Naylor

Oil Prices Fall Sharply as General Market Sells Off

Oil Prices Fall Sharply as General Market Sells Off

After starting the week on a firmer note, oil prices fell sharply toward the end of the week in a general market sell-off as investors sought the dollar as a safe haven amid worries about European Union economies. After starting the week on a firmer note, (...)

8 Feb. 2010 | 3 comments | Staffjam

The Problem With Price Forecasting - Is There a Better Way?

People watching commodities markets love to make predictions. On where prices will be a year, two years or ten years from now. Every brokerage house turns out a slate of forecast prices for oil, copper, sugar and every other hard asset. David Threlkeld (...)

8 Feb. 2010 | 3 comments | Staffjam

Despite strong GDP Growth Energy Prices Sink Lower

Despite strong GDP Growth Energy Prices Sink Lower

Crude oil futures slipped below $73 a barrel for West Texas Intermediate late Friday as a temporary boost from strong GDP figures failed to last and let prices sink to a one-month low. Crude oil futures slipped below $73 a barrel for West Texas (...)

1 Feb. 2010 | 2 comments | Staffjam

EDF boss Henri Proglio makes a two-salary U turn

EDF boss Henri Proglio makes a two-salary U turn

The recently-confirmed new boss of the French utility giant, Electricité de France (EDF), has agreed to relinquish his rights to claim a second salary with his old company, the multinational Veolia, where he remains chairman of the board. While his (...)

25 Jan. 2010 | 2 comments | Johnny Summerton

China tries to slow down its economy

China tries to slow down its economy

New measures by Chinese authorities to curb bank lending reversed a rally in energy prices early in the week, bringing West Texas Intermediate futures down more than 4% in the second half of the week to below $75 a barrel by Friday. China continued its (...)

25 Jan. 2010 | 2 comments | Staffjam

EDF’s Henri Proglio - the man with a Fat Cat salary

It might only have been worth a one-liner in the middle of the broadcast on TF1’s prime time news on Tuesday, but confirmation that Henri Proglio, the recently-appointed big cheese at the French utility giant, Electricité de France (EDF) would in (...)

21 Jan. 2010 | 1 comment | Johnny Summerton

Regulators Seek to Throw Light on Hedge Fund Impact in Energy Trading

Regulators Seek to Throw Light on Hedge Fund Impact in Energy Trading

For most of us, including lawmakers on Capitol Hill, it seems obvious that when hedge funds buy and sell billions of dollars worth of oil and gas futures, it must be having an impact on energy prices. While hedge funds and other speculative traders would (...)

12 Jan. 2010 | 2 comments | Staffjam

Iraq Oil Output to Rival Saudi Arabia, if…

Iraq Oil Output to Rival Saudi Arabia, if…

After decades of dictatorship, war and international sanctions, Iraq’s massive oil reserves are set to be tapped proper. If the seven oil projects awarded to foreign oil companies this weekend, and the three from an auction earlier this year, (...)

29 Dec. 2009 | 1 comment | Staffjam

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