At the closing bell, the Dow Jones Industrial Average fell 143 points to finish at 16,026.75. The Nasdaq dropped 54 points to finish at 3,999.73, while the S&P 500 lost 17 points to end the day at 1,815.69.
Here’s a recap of other major events today.
Sitting in a new land of plenty, Americans rarely notice disturbing energy trends elsewhere in the world.
But in the course of my global work, it’s impossible not to recognize there are serious energy shortages developing in other parts of the world.
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.
Another cold front bringing frigid temperatures and snow to central and eastern US has sent natural gas prices higher again. Even the April futures contract broke through $5 MMBTU – something we haven’t seen in quite some time.
After years of oversupply driven weakness, US natural gas prices are finally rebounding.
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.
One of the most popular questions among energy investors this year is will natural gas prices keep rising in 2013, or will their price climb come to an end?
Here at Money Morning, Dr. Kent Moors and others have spoken often about how the coming liquefied natural gas (LNG) export boom will be a huge profit windfall for natural gas companies. LNG exports should begin in earnest from this country in 2015.
