John Hofmeister, author of "Why We Hate The Oil Companies", says America's politicians do more to create energy problems than solve them.
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Showing posts with label Oil Companies. Show all posts
Showing posts with label Oil Companies. Show all posts
Friday, May 28, 2010
Hate Politicians, Not Big Oil
Labels:
Crude Oil,
John Hofmeister,
Oil Companies
Tuesday, August 4, 2009
Big Oil Speculator Defends Practice in Washington

John Hyland's funds control billions of dollars that flow in and out of energy markets, making him one of the biggest oil speculators in the world and also one of the biggest potential targets for federal regulators. The 50 year old Californian has been asked to appear before the Commodity Futures Trading Commission on Wednesday, where he will say that he isn't the boogie man everyone's looking for. There is evidence that he may be right. "Five years ago, they might have blamed the oil companies,".....Complete Story
Can You Learn to Trade Crude Oil in 90 Seconds
Labels:
Commission,
commodity,
John Hyland,
Oil Companies
Thursday, July 9, 2009
China Steps up Buying Spree in Africa

China's oil companies, buoyed by the country's foreign exchange reserves that now top $2 trillion for the first time, are on another buying spree in Africa, further challenging the century long domination of the continent's mineral wealth by Europe's great powers. So intense is Beijing's drive for wider access to energy resources to fuel China's economic growth that its main state run oil companies are now competing among themselves. The Big Three China National Petroleum Corp., Sinopec and the China National Offshore Oil Corp. are all likely to be among the top bidders when one of West Africa's newest oil producers.....Complete Story
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Labels:
Africa,
China National Petroleum Corp.,
CNOOC,
Crude Oil,
Oil Companies
Monday, June 29, 2009
U.S. States Consider Gas and Oil Levies
Cash strapped states are considering raising taxes on oil production to plug yawning budget gaps, but they face strong resistance from oil companies, which warn the moves could lead to lost jobs and higher energy prices. Lawmakers in Pennsylvania and California have proposed what are known as severance taxes on oil and natural gas produced in their states. A tax increase took effect in Arkansas at the beginning of the year, and Alaska last year raised its oil production tax.....Complete Story
Labels:
Arkansas,
Crude Oil,
Natural Gas,
Oil Companies,
taxes
Sunday, June 28, 2009
Iraq Warily Moving Ahead on Contracts With Oil Companies
On Monday, when Iraq puts development rights to some of its largest oil fields up for auction to foreign companies, the bidding will be a watershed moment, representing the first chance for petroleum giants like ExxonMobil to tap into the resources of a country they were kicked out of almost 40 years ago. Yet, there are widespread doubts about whether Iraq is ready for a sudden infusion of capital from international oil corporations.....Complete Story
Labels:
Crude Oil,
ExxonMobil,
Iraq,
Middle East,
Oil Companies,
Petroleum
Monday, March 9, 2009
Oil Climbs On Speculation Of OPEC Cuts, Oil Companies Struggling To Limit Lay Offs

"Oil Climbs to Two Month High on Speculation OPEC Will Cut Output Further"
Crude oil rose to a two month high in New York on speculation the Organization of Petroleum Exporting Countries will decide to reduce output when ministers gather in Vienna on March 15....Complete Story
"Oil Industry Strives to Limit Its Layoffs"
As oil companies cut costs amid slumping energy prices, they are determined not to repeat the mistakes of the 1980s oil bust, when mass layoffs left the industry ill prepared for the eventual rebound....Complete Story
"Oil at $50 Looms Amid Prospects for More Restictions on OPEC Production"
OPEC’s record production cuts are draining the glut in world oil markets, leading traders to bet that $50 crude is two months away....Complete Story
"OPEC: Current Oil Prices Cannot Guarantee Future Market Stability"
OPEC is expected to lower production at its upcoming meeting. The OPEC Secretary General recently reported that the current excessively low oil prices cannot guarantee its long term stability in the crude market....Complete Story
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