It doesn’t seem strange that a Texas oilman (and a Republican to boot) would come with a way to reduce our dependency on foreign oil. After all, Big Oil companies like Exxon (XOM), Chevron (CVX) and ConocoPhillips (COP) are chomping at the bit to reduce imports of foreign oil by allowing more domestic drilling offshore…
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Not too long ago, the Feds decided that they wouldn’t be accepting new (the already-submitted applications remained in play) applications for solar power plants. These solar power plants are being proposed in desert areas across the Southwest and West as ways to provide renewable energy. The reason for the halt to new applications? The government…
Photo: Dennis Gerbeckx, Creative Commons, Flickr Environmentalism is becoming a big deal. More and more companies, including Wal-Mart (WMT), are jumping on the environmental bandwagon, straining themselves to make changes so that they can show consumers how environmentally conscious they are.
Photo: jpchan, Creative Commons, Flickr After easing up a bit, oil prices are back on the rise, and nothing the Saudis say about increased production and a meeting with producers and consumers seems to be stopping the gains. As a result, the broader stock market is down (helped along by additional worries over the continuing credit market…
Big Oil companies are currently offering "value" investing opportunities. While the stock market takes a break today, with oil prices falling back a bit and gas prices easing a very little, oil companies may provide good buying opportunities. Among those that stand a good chance include Total (TOT), the French "supermajor" oil company.
The Honda FCX Clarity is a hydrogen powered car that claims to have twice the efficiency of traditional gas and electric hybrid vehicles. And it doesn’t emit greenhouse gases. Ever. No matter what mode it’s in. (Although one could argue that the greenhouse gases involved in creating the electricity portion are an issue.)
Photo: emilyd10, Creative Commons, Flickr Exxon Mobil (XOM) is announcing that it is selling more than 2,000 of its gas stations. This move is part of Exxon’s movement in a new direction to become leaner, and more efficient, focusing more on energy production than on the retail side of things. However, Exxon still plans to…
A couple of days ago, XTO energy (XTO) announced that it is acquiring Hunt Petroleum. Hunt Petroleum is a privately held company, and its absorption into the XTO family comes on the heels of recent equity acquisitions from Linn Energy (LINE) and the privately held Headington Oil. The deal is $4.3 billion in stock and…
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Photo: Misterbisson, Creative Commons, Flickr Senate Democrats once again tried to push through a bill to create a windfall tax on Big Oil profits. And, again, it failed. In order for a debate on the bill to even be opened, 60 votes are needed. Those votes were absent, and so the windfall tax on Big…
"The market is widely referred to as a discounting mechanism," says GPS Capital Research. "However, its ability to discount anything extends only as far as the collective knowledge of its participants. And to be blunt, the vast majority of today’s investors— professional or otherwise— know little if anything about making money in the market." Why…
Photo: denis collette, Creative Commons, Flickr New blood may lead to gradual changes at the biggest of Big Oil companies.
The energy sector is rising again, with oil services companies leading the way. A number of exploration ventures are helping Big Oil on the stock market. Additionally, oil future are on the way up again. One of the oil services companies that saw some good results on the market Thursday was Hess (HES), due to…
New technology claims to offer the ability for automobiles to get 150 miles per gallon.
Could 20% of our electricity come from wind power by 2030?
Right now, there’s an Exxon Mobil (XOM) shareholder meeting going on in Texas. If you have proxy votes to cast due to XOM stock, you should be doing so today. And there are some serious fights going on right now.
For the most part, Big Oil is hesitant to embrace alternative energy, preferring instead to push for more drilling. For some, however, it appears that the industry is seeing the writing on the wall. Even Big Oil execs know that the days of fossil fuels may be numbered. As a result, Exxon (XOM) is heading…
As 2008 rolls on, we are continuing to see crude oil’s meteoric rise as well as the direct and indirect harm that this trend is causing. Not only are certain industries with end-products or services dependent on crude oil (transportation, plastics, etc.) feeling their margins squeezed, but there is also an increasing fear that broader…
Big Oil executives try to explain their record profits — and compensation — as gas prices soar.
Photo:iirraa, Creative Commons, Flickr
GE continues to green up its image — by greening up its practices.
We’re running out of brands! Brand names are becoming more and more like real estate, says The Los Angeles Times. Billionaire investor George Soros has given his gloomiest assessment of the state of the US and world economies. The fact that Russia’s oil production declined almost half a percentage point in April, the first drop…
Barclays Wealth has advised clients to jump back into stock markets across the world, believing the danger of a severe downturn has receded after the dramatic rescue moves by central banks. Barack Obama’s success shows that the ceiling has risen for African-Americans. But many are still too close to the floor. Help! We’re Running Out…