All Posts Tagged With: "Gazprom"
The Struggle for Central Asia’s Energy Resources
Central Asia and Africa look set to be the biggest winners as nervous energy importers look for alternative supplies far from the volatile Middle East. Let me show you an unusual way to profit from this trend.
At Lehman, a Rising Star Falls
As recently as a month ago, Erin Callan was on top of the world. The WSJ did a glowing piece on her rise through the ranks. Condé Nast’s Portfolio magazine dubbed her the most powerful woman on Wall Street.
BP Exec Questioned in Corporate Tax Probe as Russia Reclaims its Energy Sector
Russian authorities have issued a summons to Robert Dudley, Chief Executive of BP PLC’s (ADR: BP) regional joint venture TNK-BP Holding, as part of a tax probe into OAO TNK’s activities between 2001 and 2003.
The Corrupt Way to Own Commodities
Early this week, we introduced the idea of buying the ABCs – Australia, Brazil, and Canada – as a way to own commodities for the long term. Several DailyWealth readers wrote to ask, “Great… but what about Russia?”
BP Battles Russian Billionaire Partners
The relationship between BP and the shareholders in its Russian joint venture, TNK-BP, Russia’s third largest oil firm, has very publicly fallen apart, reports Britain’s The Guardian newspaper:
Yesterday BP and the Russian shareholders were forced to acknowledge differences over strategy, with the Russian billionaires who own 50% of the company arguing that TNK-BP, Russia’s third-largest oil producer, should be able to expand abroad even if that meant its coming into direct competition with BP itself.
Congress Beats Up On Oil Execs
Rotten, no-good Members-of-Congress. In America, the Senators haul oil executives in front of Congress to insult and belittle them.
Where Will Future Oil Production Come From and How Can Investors Profit Today, Part 2
The IEA forecast for a daily increase in global oil production of 31 million barrels by 2030—a 37% jump—sounds like pure fantasy. Do the facts support it? Are big oil companies already searching for that future oil and finding it? Do they have plans to produce it?
High Gas Prices Hit 13-Day Record at $3.80
High gas prices continue to affect American motorists, staying at record highs for the 13th day in a row, according to the AAA.
CNN reports that US gas prices have now risen for 14 straight days.
According to the report: “For the first time since 2002, Americans plan to drive less on the holiday weekend than they did the year before, with high gasoline prices in a weak economy a prime reason.”
Gazprom to Overtake Exxon Mobil
Gazprom is the world’s largest natural gas company. It holds 17% of the world’s total, and 60% of Russia’s. It also controls the trunk lines throughout Russia as well as most production, transmission, processing and marketing.
Natural Gas Powers Higher as Gazprom Turns the Screw
Earlier this week, Andrew Mickey explained how the time has finally come round for the liquefied natural gas (LNG) market. Today, Chris DeHaemer of Crisis Trader further explains why the world is worried.
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