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?
There is definitely a growing concern about a foreign-controlled or owned company attempting to gain a foothold into our supply chain in the United States. We need to make sure the federal government isn’t an unwitting accomplice to the theft of our own national secrets by providing them with multimillion-dollar government grants.
There were 50 earthquakes in 2009, 87 in 2010 and 134 last year, reports a US Geological Survey study. And the study found a sixfold increase in man-made quakes in Arkansas, Colorado, Oklahoma, New Mexico, and Texas during the past decade.
$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.
What’s up with gold? Is its bullish run finally over? The price of gold peaked at about $1,900 last August. It is currently at about $1,625, a fall of 15%. Fidelity says the fall happened because gold has fallen more on signals that inflation was contained than it has risen on signals that inflation remains a threat.
North American natural gas companies are facing a world of hurt. The problem is too much supply. And it’s going to get worse before it gets better, as American and Canadian storage capacities get filled up.
Why is oil costing us so much? The answer could just lie in the production hits crude supply has taken over the years, beginning in 2005.
If the USEPA allows fracking to get off the ground under a tighter environmental regime that still allows producers to skip a profit, it will give the US economy a huge lift.
