By Ann Davis, The Wall Street Journal – United Airlines, fighting intense financial pressure, decided in late 2003 it needed a better way to get fuel to its planes. To get that job done, it went to an unusual place: Morgan Stanley. Now, employees of the bank scour the world for jet fuel for the […]
Archive | energy
China Woos Latin America in Oil Hunt
By Juan Forero – Latin America is becoming a rich destination in China’s global quest for energy, with the Chinese signing accords with Venezuela, investing in largely untapped markets like Peru and exploring possibilities in Bolivia and Colombia. China’s sights are focused mostly on Venezuela, which ships more than 60 percent of its crude oil […]
Consolidation of Small E&P’s a Focus of Wall Street Transcript Exploration & Production Issue
67 WALL STREET, New York–February 14, 2005–The Wall Street Transcript has just published its Exploration and Production Issue, a report offering a timely review of the sector to serious investors and industry executives in the Energy Industry. This 84-page feature contains a roundtable forum, commentary from 2 research analysts and top management of 13 firms. […]
Analysis: The Kremlin’s majority share
By Peter Lavelle – MOSCOW — Russia’s Natural Resources Ministry announced on Thursday that foreign companies would be banned from bidding for large strategic oil and metal deposits in 2005. The ministry’s decision mandates that bidders for deposits will have to be at least 51 percent Russian owned. This Kremlin-sanctioned move is another example of […]
Oil supply meeting demand, says industry
By Christopher Noble – Officials at Davos look at supply picture on eve of OPEC DAVOS, Switzerland (MarketWatch) – Oil industry leaders on Friday touted their ability to meet world oil demand in the coming years, saying that despite widespread fear of a supply disruption, no customer had missed a delivery because of instability in […]
Oil Future Shock: Osama Been Cheatin’!
by Noel Sheppard – New York State Attorney General Elliot Spitzer shocked the world today — as well as the state department and the Bush administration — with his announcement that he is charging terrorist mastermind and al Qaeda head Osama bin Laden with insider trading. At a press conference brilliantly situated on the hallowed […]
The Myth of “Peak Oil”
by Charles Featherstone – I am often asked about the “peak oil” theory. I’ve even had some people send me junk mail predicting when the date would come. Sometime in June, 2006, I recall. (Unsolicited investment advice: go very long!) I didn’t really pay attention. And yet many do. There are websites, books, email lists, […]
Price of commodities could have big impact
By E.S. Browning – It’s unusual in these high-tech times for commodities like oil and copper to roil the stock market, but it happened this year. Those who want to see a strong stock market next year are hoping that has just changed. As the prices of oil, gold, aluminum and other commodities soared for […]
Will China Aviation Oil collapse spark changes?
By Francis Kan – A day after its dramatic implosion under almost a billion dollars of losses, the collapse of China Aviation Oil is being compared with the two biggest failures in local corporate history: Barings Bank in 1994 and Pan-Electric Industries in 1985. The crash of those two entities sent shockwaves throughout the financial […]
High gas prices here for the long haul
By James McNair – Against a backdrop of colder temperatures and bare trees, one facet of everyday life continues to evoke a very summery feeling: high gasoline prices. Six months after the national average for regular unleaded fuel reached the $2 mark, gasoline prices remain near that level. From all appearances, U.S. consumers will have […]