despite the Russian-controlled natural gas pipelines under the Baltic Sea to northern Germany (Nord Stream) and across Belarus to Poland, most of the Russian natural gas coming to the continent still passes across Ukraine – about 80% in fact. And Europe is still reliant upon this energy flow despite attempts to diversify.
In addition to all of its other problems, Ukraine is also at the center of an increasingly messy energy situation.
Thanks to additional new U.S. pipeline capacity and the growing volume of oil product exports from American refineries, the glut of excess storage at Cushing, Okla., is shrinking.
Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.
In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline’s northern leg would not have a major impact on global greenhouse gas emissions.
It’s a time to look back at the good, the bad, and the ugly and discuss the part I always find the most intriguing: where the “wired” money is going next.
Last Wednesday afternoon, after much gnashing of teeth, the Fed finally revealed its long-awaited quantitative easing (QE) taper plans…
And the Dow jumped by almost 300 points.
It seems the shoe is on the other foot for a change, making for some interesting developments here in Moscow.
It’s the sixth time in as many years that I’ve been invited to give a briefing during the annual policy meetings held by the Ministry of Energy. This trip, however, is not like all the rest.
Instead of the usual certainty, there is a noticeable indecision in where Moscow plans to move next.
If this is Thursday, it must be…Brazil.
I returned home late last night from Baltimore where we were putting the final touches on one of the best energy investments yet, a huge new precedent-setting play we’ll be releasing very shortly.
There is something very interesting developing in the oil markets right now.
It’s not front page news yet, but it is something that you’ll want to keep an eye on – especially if you want to make money with oil stocks.
It revolves around what’s called “the spread.” In this case it’s the difference in price between West Texas Intermediate (WTI) and Brent.
This is a syndicated repost courtesy of Money Morning. To view original, click here. From the Editor: In yesterday’s members-only message, you got a rare look at Kent’s track record and why he averages 55% on every recommendation. Today, Kent recommends a short-term move, based on the latest developments in Syria… Damascus may have dodged…