Banks stocks dragged down the broader stock market on Wednesday with Merrill analyst Richard Bernstein writing the credit crisis is “far from over.”
Anadarko Petroleum said on Monday that its second-quarter net income dropped sharply on losses related to hedging, and year-ago results included a big gain for asset divestitures.
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast on Monday.
A massive switch to natural gas would free the U.S. from its dependence on foreign oil.
It's a booyah-free zone. There goes Swifty!
U.S. Gulf of Mexico producers had shut 5 percent of natural gas production and nearly as much oil output on Tuesday ahead of Tropical Storm Dolly, which is expected to hit the U.S.-Mexican border on Wednesday, the U.S. government said.
Tropical Storm Dolly continued to strengthen slightly early Tuesday as it moved over the warm waters of the western Gulf of Mexico towards the Texas-Mexico border.
These three strategies could put the economy back on track.
Crude is down over $7 per bbl on today's economic news, its second biggest one day move in the past 25 years. Here are the biggest one day moves of oil since 1983.
We noted last week the mantra of the bears: in a real bear market, even the market leadership eventually gets taken out. And that prophecy appears to be coming true. Quietly, traders have been selling the energy and materials stocks, which were the market leaders.
The more gas that drillers need brought to market, the more money Spectra makes.
Plus, is Cramer responsible for food inflation? And coming clean on Watts Water Tech.
It was an ugly first half for the stock market and now that the goal posts have been moved for the economic recovery, expect a rough game in the second half.
What follows below is an unofficial transcript of my interview last night with James Hackett. Mr. Hackett is the president & CEO of Anadarko Petroleum. He also happens to be an incredibly bright man whose thoughts and ideas on energy are right on the money.
With growing talk about peak oil — when the globe’s petroleum reserves begin an inexorable decline — exploration companies are increasingly turning high-tech to delay this eventuality. There's been stunning advances in the industry's ability to visualize what lies deep underground and to extract more of what's down there.
Don't think a plateau in oil stocks means the end of an energy run.
A key bill suffered a setback in Congress today. Here’s how it affects you.
There's nothing wrong with riding the coattails of big shots like Carl Icahn – but only if you've done your homework first.
Despite what you heard, this show is not just about stock picks. Find out what you should really be taking away from Cramer's recommendations.
Sure, you can cry about high gas prices. But Cramer has a better idea.