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News

Gas Prices to Rise Along West Coast after Fire at Chevron's California Refinery

Gas Prices to Rise Along West Coast after Fire at Chevron's California Refinery

Aug 07, 2012 at 16:38 | James Burgess

Yesterday at around 6.00pm a leak was discovered by workers at Chevrons large oil refinery in Richmond, California. The leak grew in size as workers were evacuated from the site.

US Export-Import Bank to Invest $2 Billion in South African Clean Energy

US Export-Import Bank to Invest $2 Billion in South African Clean Energy

Aug 07, 2012 at 16:36 | Joao Peixe

The US Export-Import Bank has announced that it will invest $2 billion into South African green energy funds. The country has plans to increase its power supply by more than…

Chicago to Build $3 Billion Coal Gasification Plant

Chicago to Build $3 Billion Coal Gasification Plant

Aug 07, 2012 at 16:32 | Charles Kennedy

The Chicago Clean Energy project is a gasification plant which will produce synthetic natural gas from coal and petroleum coke.  The facility will cost about $3 billion and is estimated…

Petrobras: A Shadow of its Former Self

Petrobras: A Shadow of its Former Self

Aug 07, 2012 at 16:30 | Joao Peixe

Back in 2008 Goldman Sachs listed Petrobras’ share price at $60, now-a-days it commands $20 a share, and we expect that price to fall further in the coming days. The…

Why US Institutions will Purposefully Weaken the Dollar

Why US Institutions will Purposefully Weaken the Dollar

Aug 07, 2012 at 15:19 | Editorial Dept

The euro is down big lately, which is to be expected. Over-indebted countries have traditionally used devaluation to keep their debts from crippling them. The problem is that a cheaper…

Trans Mountain Pipeline Could Change Canada's Energy Future

Trans Mountain Pipeline Could Change Canada's Energy Future

Aug 06, 2012 at 16:52 | James Burgess

Forget the Keystone XL, or Northern Gateway pipelines. The pipeline that really could change Canada’s energy industry is the Trans Mountain pipeline.Currently the Trans Mountain carries oil across…

What's Happening with the Eurozone?

What's Happening with the Eurozone?

Aug 06, 2012 at 16:50 | Editorial Dept

A few of you have emailed and asked.  I understand the latest as follows: Draghi basically understands the problem, but is hemmed in by Germany.  He is now to some…

UK Must Spend £110 Billion in Order to Achieve 2020 Green Energy Target

UK Must Spend £110 Billion in Order to Achieve 2020 Green Energy Target

Aug 06, 2012 at 16:47 | James Burgess

Ed Davey has recently stated that in order to achieve its renewable energy targets and cope with the loss of 20 percent of its current fossil fuel power generation by…

BTG Invest $1 Billion to Double Stake in Oil Rig Operator

BTG Invest $1 Billion to Double Stake in Oil Rig Operator

Aug 06, 2012 at 16:45 | Charles Kennedy

BTG Pactual SA’s private-equity funds have announced that it has invested $1 billion in Sete Brasil Participacoes SA.Sete Brasil has been seeking investment to raise capital in order…

Fire at West Tusla Oil Refinery  has been Contained

Fire at West Tusla Oil Refinery has been Contained

Aug 06, 2012 at 16:43 | Charles Kennedy

Before 3am on last Thursday, residents local to an oil refinery in west Tulsa reported that they heard a large explosion. According the news site, KRMG.com, the explosion caused a…


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