Oil prices are in the midst of a prolonged slump, squeezing bottom lines everywhere. How do sovereign wealth funds cope?» Read More
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The NYMEX sold off hard in the wake of last week’s EIA report. Here at The Schork Report we switched our bias to bearish on the previous session, thus we are pleased. But as we analyze in today’s issue, we are not 100% sure this report is as bearish as Thursday’s price path seemed to indicate, writes Stephen Schork.
Natural gas traded lower on Tuesday, despite a boost from the colder weather. But prices are up some 14 percent over the last month. What should we expect from this volatile commodity in 2010? Arthur Gelber, president of Gelber & Associates, and Jim Osten, energy analyst at IHS Global Insight, shared their views.
The business of oil refining is mired in a deep crisis, with five refineries having shut down this year, including plants in Delaware, New Jersey, California and New Mexico.
Natural gas prices began the week with a whimper instead of a bang, closing yesterday 1.8% lower at 5.625. That marks the third consecutive day the bulls have failed to break out higher, writes Stephen Schork.
There is one caveat for the bulls to consider, there is a material amount of spare capacity in the form of deferred production, writes Stephen Schork.
Find out which to companies could be the next XTO Energy.
Crude oil supplies in the Midwest (PADD II) and the GoM continued moving in opposite directions, writes Stephen Schork.
Gold has one more super-spike left in it, Al Abaroa, commodity strategist from Options Pro, said on Monday. He predicts the precious metal will rise to $1,300-$1,400 in the first six months of 2010 before losing its luster.
Following are the day’s biggest winners and losers. Find out why shares of Hyatt Hotels and Weyerhaeuser popped while Barclays dropped.
Energy stocks were a group closing higher on the session. Is this the sign of a bounce back, or just a temporary pop?
If natural gas is the future, as the merger suggests, then investors want to own this stock.
Plus, find out what Cramer has to say about the Apple iPhone’s newest competitor.
A large Southern utility said Tuesday that it would close 30 percent of its North Carolina coal-fired power plants by 2017, the New York Times reports.
Well, as best the Mad Money host can anyway. No doubt stocks are sending some mixed messages.
More than six and a half years after the United States-led invasion here that many believed was about oil, the major oil companies are finally gaining access to Iraq’s petroleum reserves. But they are doing so at far less advantageous terms than they once envisioned. The New York Times reports.
Over the entire life of a bulb, from manufacturing to disposal, the energy used for incandescent bulbs is almost five times that of LED lamps.
US corporations have long been bracing for the day they would have to make sharp cuts in their emissions. That day moved closer when President Obama outlined a target for such reductions, the New York Times reports
California has taken a major step toward creating a broad-based trading system to limit emissions of pollutants blamed for harmful climate change.