All Posts Tagged With: "Oil Fields"
Why Oil May Be Headed for $50
In 2000, investors thought the world was a “different” place. “You have to value Internet companies differently,” people would say. “Ignore the triple-digit P/E… That is an obsolete way to value a company.”
Indonesia Says ‘Goodbye OPEC, Hello Peak Oil’
Last week, Indonesia’s Minister of Energy and Mineral Resources, Purnomo Yusgiantoro, announced that his nation would not renew its OPEC membership.
Billionaire Jumps In on Brazilian Oil Rush
Recent Brazilian oil discoveries have lead Brazil’s richest man, Eike Batista, to take his company OGX Petroleo e Gas Participacoes SA public in a $3.37bn share offering. This from Bloomberg:
Brazilian billionaire Eike Batista is planning a 5.59 billion real ($3.37 billion) initial public offering of OGX Petroleo e Gas Participacoes SA, betting the country’s recent oil finds will lure investors who snubbed 20 IPOs this year.
Crude Finally Pulls Back
In the energy market Thursday, crude for July delivery pulled back after breaching the $135 level in overnight electronic trading, closing at $130.80/barrel, down $2.36. July reformulated gasoline dipped 7.03 cents, to $3.3297/gallon.
The Commodity Investor Q&A
How long before Bakken has a real impact on the price of oil? The answer’s never, sorry. Here’s why…
Brazil Oil Discovery Could Reshape GeoPolitical Map
The recent discovery of two massive Brazilian oil fields may end the US’s reliance on Middle East crude.
According to Bloomberg:
Saudi Arabia’s influence as the biggest oil exporter would wane if the fields are as big as advertised, and China and India would become dominant buyers of Persian Gulf oil, said Peter Zeihan, vice president of analysis at Strategic Forecasting in Austin, Texas.
The U.S. Oil Supply — A Look At Our Future Oil Needs
Oil Output and Supply… Let’s discuss the U.S. oil supply going forward. The U.S. presently consumes about 21 million barrels of oil per day. This is a mix of domestic output, much coming in small quantities from several hundred thousand old stripper wells, and imports.
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