Monday, January 31, 2011

Boone Pickens on Egypt & Oil

Jan. 30 2011 | Oil magnate T. Boone Pickens, BP Capital Management, discusses the impact of the Egyptian revolution on the price of oil around the world.


Sunday, January 30, 2011

Oil & the Suez Canal

Jan. 30 2011 | What the revolution in Egypt means to the transport of oil through the Suez Canal in light of violence at Port Said, near the canal's mouth, with John Hoffmeister, Former Shell Oil president/CEO, and CNBC's Simon Hobbs.

Friday, January 28, 2011

Crude Oil Prices Surge on Unrest in Egypt

Crude oil futures soared to a record high since September 2009 on Friday on concerns that anti-government protests in Egypt would spread to other oil-producing countries in the Middle East.

Oil prices neared $90 a barrel at one point in the trading day, an increase of over 4%, before retreating in early afternoon trade. Oil for March delivery rose $3.70, or 4.3%, to settle at $89.34 a barrel on the New York Mercantile Exchange.

Linda Raschke, partner at FuturePath Trading, said, "The crisis in Egypt as well as the significance of a government shutting down the Internet for the entire country is causing major nervousness in market participants that have been long equities in front of the weekend."

Although Egypt is not a significant oil exporter, it is home to the Suez Canal, a major shipping channel between the Red Sea and the Mediterranean. The U.S. Energy Information Administration estimated that 1.8 million barrels of crude and refined petroleum passed through the Suez Canal per day in 2009.

In addition to pumping up oil prices, Egypt's unrest has driven investors to move away from equities toward the dollar, prompting stocks to fall and the greenback to gain.

Raschke noted that investor fears of regional instability could make crude oil a "major benefiting market."

BP Gulf Oil Spill : The story that everybody has been talking about -- Disturbing Test Results


Oil Spill Health Issues, KLFY, January 27, 2011: http://www.klfy.com/Global/story.asp?... [A] new report just out has revealed some very disturbing findings. ... A blood study that was conducted on four males ages 3 to 43 and one female age 38 in December of last year. Subra says the results of those tests have revealed elevated levels of six toxic and potentially life threatening chemicals associated with crude oil, most notably Ethylbenzene which has been linked to kidney damage and cancer. ... UL Lafayette Professor Paul Klerks is an expert in the environmental toxicology and he says the high levels of ethyl benzene found in human patients is alarming but he doesn't believe its reason to panic just yet. "This is potentially cause for concern, but it's a very small sample size of five so it's really hard to tell with just a small sample size what it means as whole." ... [Their] problems included everything from trouble breathing, and bleeding from the ears, to swelling of the limbs and blood in the stool. Some of the more unusual cases include a commercial diver who is plagued by mysterious rash and the three year son of a fisherman who is suffering from kidney stones.

Thursday, January 27, 2011

Energy Panel at Davos

Jan. 26 2011 | Energy is among the hot topics at the annual Davos meeting, with James Rogers, Duke Energy chairman, president & CEO, and Marco Dunand, Mercuria Energy Group president & CEO.

Monday, January 24, 2011

Oil could see a further price drop

Jan. 24 2011 | Oil could see a further price drop, according to John Kilduff of Again Capital.

Saturday, January 22, 2011

UK AUSTERITY - Petrol Prices Rising At Fastest Rate For 10 Years, And Is Set To Rise Again

UK AUSTERITY - Petrol Prices Rising At Fastest Rate For 10 Years, And Is Set To Rise Again

The true cost of the banker bailouts is finally hitting the average british citizen where it hurts, in the pocket!

With further rises coming in April this is only set to get worse

Lets see when the sheeple will say 'NO! enough is enough' because at this rate it looks like that day may never come. This is the reason I don't own a car, even though I can drive ,there not robbing me anymore ,never having a car again sadly

Friday, January 21, 2011

Mexico Oil Production

Jan. 21 2011 | Mexico has a state owned oil monopoly like no other in the world- its nearly every move has been dictated by politicians, reports CNBC's Michelle Caruso-Cabrera.


Thursday, January 20, 2011

Dwindling Oil Surplus Fires Up Prices

Crude oil stockpiles are going down at a time of year when they usually build up. Sean Brodrick tells you where he thinks prices are going next.

Monday, January 17, 2011

BP CEO Confident About Operating in Russia

Jan. 17 2011 | BP CEO Bob Dudley told CNBC in an interview that the deal the group has struck with Rosneft will not have any impact on any of the settlements it is making in the US after the Gulf Coast oil spill. TNK-BP has been a very successful joint venture in Russia, Dudley said, adding that this deal will expand the scope of that.

Saturday, January 15, 2011

Oil for Two: Giants BP, Rosneft swap stakes, join forces to share Arctic shelf

Two of the largest oil companies in the world - Russia's Rosneft and BP- are getting together for a multi-billion dollar venture. They've sealed a stock swap, and agreed to explore and extract the untapped riches of the Arctic seabed together.

B.P. Signs Massive Deal With Russian State Owned Oil Company

January 14, 2011 BBC World news : B.P. Signs Massive Deal With Russian State Owned Oil Company

Friday, January 14, 2011

Indonesia Quest For Oil

The Indonesia government is looking to boost oil production. A lack of fresh investment is blamed for dwindling oil production in the country.

Thursday, January 13, 2011

Jesse Ventura - Conspiracy Theory - Gulf Coast Oil spill HQ Full Length version!

FULL LENGTH 45 MINUTE EPISODE (Season 2, Episode 7)

"The Gulf Oil Spill"

The BP oil disaster in the Gulf of Mexico has led to devastation along Louisiana's coast and in its fishing and tourism industries.

But was it deliberate? Jesse Ventura leads his team into the bayou where they investigate claims of a plot to depopulate Louisiana and turn it into America's refinery.

At the core: the government's alleged secret, multi-billion dollar depopulation program that began in the aftermath of Hurricane Katrina and was kicked into Phase Two with the oil rig blast.

Wednesday, January 12, 2011

Crude Oil Hits 2-Year High!

Crude Oil Hits 2-Year High! Lind-Waldock Strategist Blake Robben discusses the energy futures markets, specifically crude oil.

Oil Prices Could Reach US$100: Dr David Robson

World demand for oil, particularly from Asian markets, will drive prices as high as US$100 a barrel this year, according to Tethys Petroleum Ltd President and Chief Executive Officer Dr David Robson who made his comments in his interview with the Hong Kong Trade Development Council. Dr Robson will speak at the Asian Financial Forum (AFF) in Hong Kong (17 - 18 January), attending a panel discussion on investment opportunities in natural resources.

Tuesday, January 11, 2011

Alaskan Pipeline Problems Affecting Crude Oil Market

Lind-Waldock Strategist Blake Robben discusses the energy futures markets. Topics covered: Crude oil market's Alaskan pipeline problems.

Oil Spill Report Rekindles Push for Reform

Democrats in Congress pledged Tuesday to push for tougher regulation of offshore drilling and to make oil companies more financially responsible for spills, steps a presidential panel says are necessary to prevent another catastrophic blowout. (Jan. 11)

Monday, January 10, 2011

Daily Crude Oil Market Update with Strategist Blake Robben

Strategist Blake Robben discusses the energy futures markets, specifically crude oil, heating oil and natural gas futures.

How to Profit from China's Hunt for Energy

How can you profit from China's hunt for energy? You could by CNNOC, ticker symbol CEO, which pays a 2% dividend. Or you could invest in Tony Sagami's two Chinese energy ugly ducklings and make even more money.

Saturday, January 8, 2011

Thursday, January 6, 2011

Probe Blames BP, Halliburton for US Oil Spill

AlJazeeraEnglish--January 05, 2011-- http://www.msnbc.msn.com/id/40941697/...
A White House commission investigating the oil spill in the Gulf of Mexico has said the companies involved were more interested in saving money than saving lives. It says the April explosion at the Deepwater Horizon oil rig was the result of failures by BP, Halliburton, Transocean and government offices dealing with the well. The commission also said similar accidents could happen again if the industry does not change the way it operates. Al Jazeera's John Terrett reports from Washington.

Wednesday, January 5, 2011

Report: B.P. Oil Spill Caused By Taking Short Cuts & Cutting Cost

January 05, 2011 BBC World News



"B.P. Oil Spill Caused By Taking Short Cuts & Cutting Cost"

So that's why Haliburton bought out the largest clean up company in the world right before the BP oil spill?

Is that why the CEO of BPO sold off his own stock in BP right before it happened?

Monday, January 3, 2011

OPEC Quotas and the Crude Oil Market

Lind-Waldock Strategist Blake Robben discusses the energy futures markets, specifically the crude oil futures market. Topics covered: OPEC's Quotas and Its Influence on the Crude Oil Market; When to Watch Volatility in Crude Oil; Support and Resistance Levels in Crude Oil, Heating Oil, RBOB and Natural Gas; Natural Gas Market Analysis.

Daily Crude Oil Market Update with Strategist Blake Robben

Lind-Waldock Strategist Blake Robben discusses the energy futures markets. Topics covered: Crude Oil Market Analysis; Natural Gas Market Analysis; China Looks to Expand its Crude Oil Imports; Construction Spending

OIL & GAS MARKET