Wednesday, March 31, 2010

Virginia offshore Drilling a Step in the Right Direction

Former Virginia Governor Douglas Wilder on why he supports offshore drilling on Eastern coast of the United States.



Shell President on New Oil Exploration

Shell President on New Oil Exploration

Shell Oil President Marvin Odum weighs in on President Obamas plans to expand offshore oil drilling.



Obama to Allow Drilling Offshore VA Coast

Adam Connors of CK Cooper on President Obamas drilling plan.



Tuesday, March 30, 2010

Oil Rich Venezuela hit by power crisis

Venezuela, South America's top oil exporter, is suffering from a growing energy crisis that has forced the government into taking drastic measures to conserve electricity.

As part of his plan, Hugo Chavez, the Venezuelan president, has declared a three-day holiday starting Monday to cut back on energy use.

Al Jazeera's Monica Villamizar reports from Caracas. (Mar 30, 2010)

Friday, March 26, 2010

Monday, March 22, 2010

Crude Prices Slide On Stronger Dollar

Front month crude prices were on the downside to close the week following a strengthening US dollar

Petrobras Focuses on Offshore Oil ; Novell Spurns Elliott

March 22 (Bloomberg) -- Bloomberg's Erik Schatzker reports on the latest breaking business news and top stories in today's Business Briefs. (Source: Bloomberg)


Sunday, March 21, 2010

China vs the US - The Battle For Oil

China vs the US - The Battle For Oil

The figures speak for themselves today China is the second largest consumer of oil just behind the United States and with an average annual growth of around 8% , China's energy needs are increasing substantially , China has to import half of its oil needs in three years time the figure will be two thirds , without that oil China economy will go to the ground , China must find and supply new sources of oil all in an increasingly unstable world ..in this crusade for the black gold China finds itself toe to toe with the largest consumer of crude oil the United States of America


Thursday, March 18, 2010

Natural Gas Could Go Well Below $4 says Schork

March 18 (Bloomberg) -- Stephen Schork, president of Schork Group Inc., talks with Bloombergs Lori Rothman about the outlook for natural gas and crude oil prices. Natural gas futures dropped to the lowest price in more than five months as a surplus of the fuel gained following a smaller-than-forecast stockpile decline. (Source: Bloomberg)



Wednesday, March 17, 2010

Iraq Oil Production Will Affect OPEC Quotas Meyer Says

March 17 (Bloomberg) -- Cornelia Meyer, an independent oil analyst, talks about increased Iraqi oil production coming on stream and its effect on OPEC quotas. Meyer also discusses the outlook for oil prices. She speaks with Bloomberg's Francine Lacqua at the meeting of the Organization of Petroleum Exporting Countries in Vienna.

OPEC Oil Output Cuts This Fall unlikely says Khelil Algerian Energy Minister

March 17 (Bloomberg) -- Algerian Energy Minister Chakib Khelil talks with Bloomberg's Francine Lacqua about OPEC's decision today to leave production limits unchanged for the fifth time since 2008. Ministers from the Organization of Petroleum Exporting Countries met today in Vienna. OPEC, which supplies about 40 percent of the world's oil, set its official cap at 24.845 million barrels a day. (Source: Bloomberg)

Weaker Economy May Not Support $80 Oil Says Sieminski

March 18 (Bloomberg) -- Adam Sieminski, chief energy economist at Deutsche Bank AG in Washington, talks with Bloomberg's Susan Li and Paul Gordon about the outlook for oil prices, and Organization of Petroleum Exporting Countries' production. OPEC, content with oil prices exceeding $80 a barrel, decided for the fifth time since 2008 to keep its production limits unchanged amid signs that a worldwide glut of crude is disappearing along with the recession. (Source: Bloomberg)

Tuesday, March 16, 2010

$3 Gas - Breaking Point ?

Discussing what number will actually crimp the consumer, with Jason Schenker, Prestige Economics and John Kilduff, Round Earth Capital.














Monday, March 15, 2010

Oil price below $80 - Oil Tomorrow CNBC

CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is likely headed tomorrow.











Crude oil to fall to $78 in near-term says expert

In an interview with CNBC-TV18, Kishore Narne, VP, Anand Rathi Commodities gave his strategies for the day. He says that he is bearish on oil and sees the crude oil prices falling by two to three dollars from current prices...



Saturday, March 13, 2010

Lindsey Williams Spills the beans about oil and gas

Time Out Productions productions presents former chaplain for the men who built the Alaskan Oil Pipeline Lindsey Williams. Covered on the show is what he believes will be taking palce through the year 2010 based on what he was told by a high ranking former oil company executive.


Friday, March 12, 2010

Gordon Kerr of Enerplus sees Crude Oil prices on the Rise again

Enerplus's Kerr Sees Rising Market on the Oil Front


Gordon Kerr, chief executive officer at Enerplus Resources Fund, talks with Bloomberg\'s Pimm Fox about energy developments, the outlook for oil prices and Enerplus\'s plan to convert to a corporation in time for changes to Canadian tax law regarding trusts in 2011



Wednesday, March 10, 2010

Is Shale Gas is the future of Clean Energy ?

Energy & Futures Buzz

CNBC's Sharon Epperson has the details on energy companies meeting in Houston and a look at how futures are faring, with Bob Iaccino, LotusBrokerage.com and CNBC's Rick Santelli.












Tuesday, March 9, 2010

Gasoline May Reach $7 a Gallon by 2020

Morrow Says Gasoline May Reach $7 a Gallon by 2020

March 9 (Bloomberg) -- Ross Morrow, a professor at Iowa State University, talks with Bloomberg's Lori Rothman about the possible impact of U.S. climate-change legislation on gasoline prices. Morrow also discusses the implications of higher prices for the U.S. economy. (Source: Bloomberg)



Golden Moment of Oil Refining Is Over says Fadel Gheit, managing director of oil & gas research at Oppenheimer

Fadel Gheit Says `Golden Moment' of Oil Refining Is Over

March 9 (Bloomberg) -- Fadel Gheit, managing director of oil & gas research at Oppenheimer & Co., talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for oil refiners. Chevron Corp., the second-largest U.S. energy company, plans to sell its only remaining European refinery, cut 2,000 jobs and shed assets in the Caribbean and Central America to stanch losses from its fuel-making business. (Source: Bloomberg)


Monday, March 8, 2010

Oil Heading to $90 thanks to emerging Markets and tensions in the Middle East says OGrady

O'Grady Says Oil at Mid-$90 Mark `Distinct Possibility'


March 8 (Bloomberg) -- Bill O'Grady, chief market strategist at Confluence Investment Management, talks with Bloombergs Mark Crumpton about drivers of the oil market and the outlook for prices. O'Grady also discusses the appeal of investing in commodities over currencies in the current environment. (Source: Bloomberg)



OIL & GAS MARKET