Whose Side Is OPEC On?
Crude prices are dropping. And since 80% of the price you pay for gas is the cost of crude oil, that means relief at the gas pump.
Archive for: Energy
Investing Where the Sun Doesn’t Shine
My house is heated by oil. My stove runs on natural gas. My car takes gasoline. There’s not a solar panel to be seen. And I haven’t dug any holes in my backyard to tap into the earth’s natural heating system. Am I living in the past?
The Future of Energy Is Not Nuclear
The near meltdown at Fukushima feels like ancient history but it happened only a little more than a year ago. In many ways Japan is still reeling from its nuclear mishaps. The environmental and infrastructure devastation…the loss of faith in nuclear energy…the decommissioning of four crippled reactors…and the expensive fossil fuel Japan has been forced to import to replace the loss of nuclear power.
Green Power: The Dud Of the Century
One of our most ballyhooed “future industries” is green energy. With the increasing attention on global warming and greenhouse gas emissions, it seems that green technology’s time has come.
Bribes, Brazil and Dirty Deeds
You’ve probably heard about the massive Tupi oilfield off the shores of Brazil. It’s estimated to hold eight billion barrels of oil. And as you can imagine, companies around the world are trying to grab a piece of it.
Rising Tide of Offshore Oil Exploration Reaches… Namibia
$5 million for a block of ocean off the northern coast of Namibia? Sounds pricy to me. But Vancouver-based Westbridge, the company that made the purchase, is a small firm itself (its shares go for 20 cents each). It doesn’t have a lot of money to throw around. It must be seeing a geological structure that is conducive to big oil finds.
The End of OPEC?
Is it too early to talk about the end of OPEC? I don’t think so.
The year OPEC foisted itself upon the world gas was going for 31 cents a gallon.
Speculators Drive Gas Prices Higher in Near-Record Trading
Gas prices are killing us. A month ago they averaged $3.76 nationwide. Now they’ve risen to $3.936. Some say this happens every year. Really, like this? I don’t think so.
