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Since the Deepwater Horizon rig leased by BP caught fire and sank on April 20, natural gas prices have gone up, and gone down and now seem headed north again.
Unable for six weeks to plug the gushing oil well beneath the Gulf of Mexico, BP renewed an effort to use a dome to funnel some of the leaking crude to a tanker on the surface, the NYT reports.
The Obama administration is scrambling to respond to the failure of the latest effort to plug the gushing oil well in the Gulf of Mexico amid fears that the leak could continue until August. The NYT reports.
After failing again to cap the Gulf of Mexico oil well, BP scrambled Sunday to end the spill that one official called the biggest US environmental disaster ever.
You thought President Obama was bad on natural gas? Try Down Under.
Beneath the subarctic forests of western Canada, deep under the peat bogs and herds of wild caribou, lies the tarry rock that is one of America’s top sources of imported oil. The NYT reports.
Cramer dissects Southwestern Energy and its “terrible” chart.
CEO and Chairman of Exxon Mobil Rex Tillerson told CNBC Monday that he expects natural gas to be the fastest growing fuel choice.
Plus, his reaction to news that Fannie Mae needs another $8.4 billion.
Not until these key things happen.
Talk about timing. As a massive oil spill spreads in the Gulf of Mexico, 70,000 oil industry professionals are gathering in Houston for the Offshore Technology Conference.
The natural gas company reported improved results that handily topped forecasts, pushing shares of the company higher in late trading.
The oil spill in the Gulf of Mexico is bad — no one would dispute it. But just how bad? The New York Times explains.
High winds and rising surf are forcing the oil to shore more quickly and over a wider space. Florida has declared a disaster area, and there is little doubt that it will affect Mississippi and Alabama, too
Also, Cramer's take who's to blame for the Gulf oil spill, and thoughts on why Goldman Sachs stock is still struggling.
BP says that the offshore drilling accident could cost the company several hundred million dollars. But the long-term damage to BP’s reputation is likely to be far higher, says the NYT.
Energy prices were quiet yesterday (Wednesday). Natural gas recovered slightly for the first time this week but was trending lower in after-hours trading. For today’s DOE release, the crowd is looking for a 70 Bcf injection. Meanwhile crude oil was strong despite a larger than expected build, and the products fell on the back of another build in ultra-low sulfur diesel stocks. Expect increased volatility as the products approach expiry.
Check out Cramer’s full interview with CEO Edward Cohen.
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