Oil

Why every miner wants to be Colombia’s new best friend

Once tinted by drug cartels and civil war, Colombia is now one of Latin America’s fastest growing markets and, according to the World Bank, the most secure country in the region in which to do business. Since yesterday, the country also has a new national mining agency, which is already looking for foreign investments to expand existing production and explore areas where rich deposits of key resources are suspected.

North America to lead energy investments in 2012: analysts

North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global consultants from IHS.

Mining, oil and gas led Canada’s growth in 2011

Statistics Canada revealed today that the provinces of Alberta and Saskatchewan led the country in economic growth in 2011, buoyed by the extraction and exploration of their natural resources.

Modest Canadian start-up wins clean technology competition with its green fuel

SABRTech Inc., a small Canadian company committed to producing and supplying biofuel for the aviation industry, it’s the winner of an international clean technology competition launched last September by the government of Nova Scotia.

Argentina Outlook Revised To Negative On Greater Uncertainty On Medium-Term Prospects, ‘B’ Unsolicited Ratings Affirmed

Standard & Poor's Ratings 
Services revised its outlook on the Republic of Argentina to negative from stable. In addition, we affirmed our 'B' unsolicited long- and short-term ratings and our 'raAA' national scale rating on Argentina. At the same time, we affirmed our 'B' transfer and convertibility assessment on Argentina.

Global warming meets Arctic mining next week in Quebec

More than 2,000 international experts will meet in Montreal, Canada, next week to discuss the latest research about how climate change is altering the Arctic faster than the inhabitants, and the governments that regulate the phenomenon, can keep up with.

Syria trying to sell gold reserves as sanctions begin to bite – sources

Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.

China to launch crude oil futures this year: Xinhua

China is expected to begin trading in crude oil futures within the year, a senior government official said on Wednesday, as the world's second-largest oil consumer and crude buyer aims to increase its say in oil pricing.

Gold, silver, oil and the fear index trends

This week may provide some trading opportunities for us if all goes well now that most traders and investors are all giddy about stocks again.

The Story Behind US Gas Price Pain

Gasoline consumption in the United States has been dropping for years.

Even with zero experience there's a place you can instantly find a job paying $120,000

War imminent in straits of Hormuz? $200 a barrel of oil?

The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together.

America's energy pipeline dreams

The Keystone XL ruckus shone a light on pipelines like never before

Oil or gas?

Hydrocarbons have become the lifeblood of this modern era.

Chevron suspended in Brazil over oil spill

Brazil has temporarily banned Chevron from drilling in the country after it caused an oil spill off the coast of Rio de Janeiro, raising doubts about the company’s role in one of the industry’s biggest investment programmes.

Late on Wednesday, Brazil’s National Petroleum Agency (ANP) accused the U.S. company of negligence late on Wednesday, announcing it would suspend all of Chevron’s drilling until it clarified the reasons for a spill that released almost 3,000 barrels of oil into the sea earlier this month.

Analysts believe that the Brazilian government is keen to make an example of Chevron as a warning to other foreign companies looking to take a share of Brazil’s pre-salt reserves, which are estimated to contain as much as 50bn barrels of oil.

THE MACRO DILEMMA – PART 2

Part 1 suggested the macro force of “peak oil” which will constrain global oil supplies, will push the price of oil higher. Yet if peak oil occurs, it implies peak debt and GDP.

U.S. to become world’s top oil producer: Goldman Sachs

Who do you think will be the world’s largest oil producer a few years from now? Saudi Arabia? Russia? Canada with its Oil Sands?

U.S. study suggests pricing carbon from ground to consumer

To measure a country's greenhouse emissions from fossil fuels, it makes sense to consider the whole carbon supply chain, from oil well or coal mine to a consumer's shelf, scientists reported on Monday. Currently, putting a price on climate-warm…

Oil stocks deeply oversold 2

The recent recession-fear craze hammered commodities prices, crushing the stocks of the companies that produce them.

US oil boom

With the world forging ahead in this modern industrial and technological era, the king of commodities continues to flex its muscles as the most indispensable of resources.

Escaping the big blow off

Early indications are that Obama's job speech last night failed to impress. Europe is down, or essentially flat. Gold is rallying for a second straight day ..

Investing in commodities: will oil reach $120 by December?

Although there have been numerous economic reports to derail oil (NYSE:USO), the black gold continues to hold firm.

The U.S. Dollar’s Impact on Price Action in the S&P 500, Gold, & Oil

After viewing a few hundred charts, I have determined that while I am still leaning into higher prices at this point in time, I will not totally rule out a rollover on the S&P 500. In coming days the news flow will be extreme and headline risk will be everywhere we look. The S&P 500 has been able to deflect worry for quite some time now and in every case the resiliency is unquestionable.

Unrest In Libya boosts oil, gold and silver prices

Libya is one of the worlds major oil exporters so the concern about the outcome of the current civil unrest is most certainly warranted.

Bear Season in the S&P 500 & Oil

Just when the bears think they have escaped and are home free, Mr. Market reminds them who is in charge