The first step would be to acknowledge what a sorry state we’re in. Speaking with Bill Moyers back in September, Kevin Phillips didn’t think soon-to-be President Barack Obama would level with the American people about how bad things are. If the President indeed understands the depths to which we’ve sunk, he has not come clean with us—you don’t rock that boat.
Natural gas prices increased 39 percent from a 6 ½ -year low of $3.19/MMBtu on April 27 to $4.42 on May 13, 2009. Some think that the worst of the price collapse that began in July 2008 is over, and that gas prices will return to normal. I do not believe that is the case, though I certainly hope that I am wrong. Chesapeake Energy proclaimed in a recent investor presentation that “the fix is under way”, and that natural gas prices will soon return to $7-8/Mcf. Chesapeake and other companies make the case that prices will rebound because of the drastic decrease in drilling.
The Middle East’s LNG capacity will rise to 100 million tons a year Continue Reading
“The quickest and easiest way to reduce our carbon footprint is through energy efficiency. Energy Continue Reading
Last week Brazil’s energy minister announced that international companies will be invited to bid for Continue Reading
For many months now the major question perplexing the world’s policymakers, and nearly everybody else, Continue Reading
Oil prices surged to a six-month high above $66 a barrel last week, despite protests Continue Reading
1. Production and Prices Oil prices surged to a six-month high above $66 a barrel Continue Reading
