Salient to Investors: Mark Wiseman et al at Goldman Sachs said: LNG projects in Africa, Canada and Australia face delays or cancellations as global demand slows, US output increases, nuclear reactors restart in Japan, China’s success in shale-gas E&P, and economic conditions in ASEAN. Global demand will compound at 5%
READ MORE... →Salient to Investors: Most oil drillers are spending money faster than they make it; an average of $1.17 for every dollar earned in the 12 months ended on June 30, 2014. Only 7 US-listed firms in the Bloomberg Intelligence’s E&P index made more money than it cost them to keep
READ MORE... →Salient to Investors: Andrew John Hall at Astenbeck Capital Mgmt said: The shale-oil boom will not mean long-term cheap, abundant energy because it will play out far sooner than many analysts expect, resulting in a steady increase in oil prices to as much as $150 a barrel in 5 years or
READ MORE... →Salient to Investors: Jim Rogers writes: Do not sell any kind of energy, especially oil and gas, because of the many geopolitical risks ahead, and because the supply/demand situation means we will need more energy over the next decade or two. Read the full article at http://jimrogersonthemarkets.blogspot.com/ Click here to receive
READ MORE... →Salient to Investors: Jim Rogers writes: The price of oil and natural gas and energy will surprise on the upside and for longer than expected because known reserves of oil are declining worldwide and no new elephant oil fields have been discovered in decades. Read the full article at http://jimrogersonthemarkets.blogspot.com/ Click
READ MORE... →Salient to Investors: Austin Holland at the Oklahoma Geological Survey said the state experienced its 109th earthquake of a magnitude 3 or higher on April 6, matching the total for all of 2013. Reports have become more frequent from Texas to Ohio of earthquakes linked to wells that drillers use
READ MORE... →Salient to Investors: Michael Lynch at Strategic Energy & Economic Research said an improving economy translates into more fuel demand. Production in Libya and the Kurdish region of Iraq appears to be increasing but neither source is very dependable. John Kilduff at Again Capital said the impressive economic data points
READ MORE... →Salient to Investors: Diversified energy companies have been seeking to sell or spin off transportation and storage operations to cut costs and focus on exploration. Read the full article at http://www.bloomberg.com/news/2014-01-17/chevron-is-said-to-seek-buyers-for-1-billion-in-u-s-assets.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Royal Dutch Shell’s surprise Q4 earnings decline to the lowest since 2009 shows the rising cost of developing new fields has cut into profit. Brent oil prices have spent 3 straight years above $100 a barrel, but getting crude out of the ground is only getting more
READ MORE... →Salient to Investors: IEA said 15 European refineries have closed in the past 5 years and a 16th is due to close in 2014 as the US went from depending on fuel from Europe to being a major exporter to the region. Nigeria, which once sent 12 supertankers worth of
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