"Kuwait could look at it definitely because we don't think'" [...]
Fitch Ratings downgraded Mexico's credit rating Monday, saying dependence on a flagging oil sector has weakened the country's ability to weather financial problems. Mexico's rating remained at investment grade, but the downgrade will bring a rise in the government's borrowing costs.
Fitch said decreased oil production has already accentuated economic problems [...]
...But the risks of that infrastructure breaking down and the scale of the consequences are growing, due to random and non-random sources such as climate change, potential over-dependence on high-technology infrastructure, and increasing urbanisation - in both [...]
Valero Energy (VLO) has just announced it is shutting down its Delaware City Refinery. This is a major news announcement because refiners should be seen as a canary in the coalmine for end-user demand and Valero is one company in [...]
The hens' owner, Jennifer Rudin, wasn't sure at first whether her city neighbor would appreciate the chickens' free-ranging,' [...]
Mexicos daily El Universal reports that the contracts are the result of concern [...]
WILMINGTON, Del. -- Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.
Valero Energy Corp., which shuttered a major refinery over the summer, said Friday it would permanently close its Delaware [...]
<< Go Back to Part I
Before we look at miscellaneous minnows pretending to be giants, let's talk about the Cornucopia of Ultimately Recoverable Global Oil Endowment -- not a single syllable of which refers to physical reality or prudent use of money. It's merely [...]
What are the consequences of allowing multi-billion-dollar systemically important multinational corporations to report their assets using proprietary mark-to-model tools involving discredited Monte Carlo simulations? I think we all know the answer to that one. But unbelievably, after such shenanigans contributed enormously to the greatest financial meltdown [...]
My comment: When the pigmen start eating each other you know the ship is going down soon. Everybody in Congress and the administration is in cover thy butt ode on the economy. The one fact that is never acknowledged is that there really is not much [...]
Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs.
Valero Delaware City Refinery. Click to enlarge.The Valero Delaware City Refinery, acquired [...]
Yet a growing part of the companys business is being devoted to something decidedly unindustrial: [...]
The November 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.24 MB, 33 pp).
Figure 1 - OECD Crude Oil & Product Stocks from January 2002 to September 2009
The Oilwatch Monthly is a newsletter that is available free of charge with the latest data [...]
Production on land is expensive, but costs could go down if brought to sea
Although algae is currently the most energy-dense biofuel source, the cost of producing algae oil is prohibitively expensive.
The U.S. Department of Energy estimates that the biofuel would cost around $8 per gallon at the pump. Other experts [...]
NEW HAVEN, West, Virginia (Reuters) - A looming government clampdown on CO2 emissions is about to confront an already embattled U.S. coal power industry with two stark options: capture carbon or die.
Legislation from Congress or tough new regulatory demands could make it costly to spew greenhouse gases, posing a serious [...]
Gordon McDowell has made an even tighter version of the LFTR story--this time in only 16 minutes! Check it out...Equity Futures: Dow +21.00. S&P -+2.00. NASDAQ +2.70. Japanese Nikkei -11.00. German Dax -3.00.
European Trade: European shares started the day on an upbeat sentiment, even though the cash equity market had closed in the red over the last few trading sessions. The S&P futures saw [...]
Shares of SunPower (SPWRA) are suffering on Tuesday morning as they disclosed a review of “unsubstantiated accounting entries.” Of course, the stock is down nearly 18% just after the open on Tuesday as many investors are headed for [...]
Yes, there's an app for that too.
by Hanh Ho
Do you ever look out your window, watch the branches swaying in the wind and wonder whether you could be generating your own wind power? Well iPhone users, you can now download the app you never knew you [...]
capGemini’s latest annual European Energy Markets Observatory (EEMO) charts the deteriorating financial condition of European utilities.
Key findings:
COPENHAGEN -- Enzyme producers that use bacteria and living cells to break down biomass into sugar in the production of bioethanol, an alternative to petroleum-based vehicle fuel, are now taking aim at oil used in chemical manufacturing.
Their goal: to replace the oil used to make chemical ingredients in plastics, fibers, [...]
Wheels 