Fracking Water Market »
We now know that hydraulic fracturing, or “fracking,” is a powerhouse energy technology.
The United States is producing more natural gas than it has in years…
Last year at this time, there were 1.736 trillion cubic feet (tcf) of gas in storage. Right now, there are over 2.576.
The EIA says we’ll have 4.096 trillion cubic feet in [...]
Oil Prices Plummet »
Crude oil prices fell to a near three-month low on Tuesday following a sharp downturn on Monday due to diminishing demand and a worsening outlook surrounding the Euro-zone crisis.
Brent crude oil dipped below $112 today, the fifth consecutive day of losses, down six percent.
Growing concern over signs of a global economic slowdown throughout much of [...]
Hidden Costs of the Shale Boom »
Last month I found myself an unwilling participant in a heated argument between opposing sides of the hydraulic fracturing debate, a story that’s been played out on the media stage for years — and especially since 2008.
The opponents: a protester, his placard touting the latest anti-fracking slogan, and an employee of a company drilling in the [...]
Westinghouse and CBD Energy Merger »
On Wednesday, Westinghouse Solar (NASDAQ: WEST) and Australian renewable company CBD Energy (ASX: CBD) signed a definitive merger agreement.
The companies plan to complete the merger by the third quarter of 2012.
Westinghouse shareholders will obtain 15% of the company, and they will receive 3.7 shares of CBD per Westinghouse share.
The Boards of Directors of both companies [...]
Millionaire Next Door »
I got a letter the other day on which the stamp hadn’t been postmarked.
I gently peeled the stamp from the envelope and put it in the drawer with my other stamps so I could use it again. It was an easy 45 cents in my pocket.
I do things like this all the time.
A penny saved, [...]
Icahn Purchases CVR Shares »
In a $2.6 billion deal, billionaire Carl Icahn won the opportunity to buy shareholder stakes in CVR Energy Inc. (NYSE: CVI).
He had been pressing the company for several months and faced opposition by the board of directors, who told shareholders to reject his offer.
The board of directors had called his offer “opportunistic,” expressing concern that [...]
Trump Decries Scottish Wind Power »
Last month, real estate mogul and reality television star Donald Trump threw a temper tantrum in front of Scotland’s parliament.
Worried that a planned offshore wind development would spoil the view at his new billion-dollar golf resort, Trump told Scotland’s lawmakers if Scotland pursues its policy of these monstrous turbines, the country will go broke.
He went [...]
Invest Without the Risk »
I don’t take unnecessary risks in the market.
Those who do might take a lesson from my weekly poker night.
With a revolving door of friends and colleagues every Tuesday evening, there’s never a dull game.
Some weeks I feel lucky; other nights, I’m not as fortunate.
Every so often, one of my colleagues will pull up a seat [...]
TransCanada Shifts Focus from Alberta »
TransCanada Corp. (NYSE: TRP), a Canadian oil pipeline company, had been planning a pipeline from the North Slope in Alaska to Alberta, Canada.
For timely approval, the company needed to get a certificate from the Federal Energy Regulatory Commission by October.
But on Wednesday, Alaska gave the company permission to change its focus.
In March, TransCanada announced a [...]
Oil Alternatives »
Are you sure it isn’t 2008?
A divisive election is under way. The stock market is hitting multi-year highs. Oil is over $100. Gas prices are nipping at $4.00.
And that’s got the market talking about oil alternatives, which is also reflective of the mentality of four years ago.
Let me mention a few names to see if [...]
