High-risk junk bonds finance large portions of the energy markets. According to the latest estimates, energy-related issuances now account for almost 15% of the total $1.4 trillion junk-bond market.
The Keystone XL has become a basic element in America’s new energy security.
My recent meetings in Dubai highlighted the profound change that will turn the balance of power in the energy industry on its head. For years, OPEC was the puppet master, and the United States (and the rest of the world) were the puppets. They pulled the strings, and we danced. OPEC set the price of […]
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During the first Arab Spring, some countries were able to avoid the unrest by buying off their populations with goodies. But today in those countries, unemployment is increasing and alternatives to centrally subsidized survival are disappearing.
While public attention remains fixed on OPEC, crude pricing, and the impact on American tight and shale oil production, I’ve been focused on the next stage.
The one where the guys with the big bucks make the even bigger bucks.
The post Low Oil Pric…
Whenever oil prices drop, everyone wonders how it will affect wind and solar power.
It follows from the traditional assumption that renewables are only competitive when oil and natural gas prices are high. After all, the early stages of wind and sol…
Saudi Arabia is once again fueling a global oil feud by cutting crude oil prices. It’s the second time in a month the kingdom has grabbed the headlines in the oil markets.
On Oct. 1, Saudi Aramco, the state-run oil producer of the world’s biggest exporter, cut prices for all its exports, reducing prices for Asia to the lowest level since 2008.
Something is now afoot in the Pacific Northwest that is going to change how we think about pricing oil – and this new wrinkle is going to provide a range of fantastic opportunities for investors.
Several pundits attributed yesterday’s spike in oil prices to the recognition that the fight against ISIS in Iraq-Syria will be a long one. As usual, the 30-second TV wonders missed the boat.