Tag: energy
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Biden Administration investigates oil and gas companies for illegal pricing conduct
When is the last time an American President investigated oil and gas companies for raising the price of gas and other fuels when supplies have been constrained? President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at keeping gasoline prices high. In a Wednesday letter…
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Natural Gas prices pop in Europe
Construction of Nord Stream 2 was completed in September, but gas has yet to flow through the pipeline. The conduit links Russia and Germany and is awaiting approval from German and European authorities. Washington opposes the pipeline, which circumvents U.S. allies including Ukraine and Poland and could deepen Europe’s dependency on Russian gas. However, the U.S. waived…
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Increased output and decreased European demand could ease oil prices
In its closely watched monthly market report, the IEA said that the tight supply and demand balance in the global oil market could be about to ease. It expects output to rise by 1.5 million barrels a day in the remainder of 2021, with the U.S., Saudi Arabia and Russia accounting for around half of that amount.…
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J splits with J
J&J will split in two, Shell will consolidate into one, gold hits new highs and much more!
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Price of oil continues to be a problem for the United States and President Biden
Rising oil prices have handed President Biden a dilemma at a politically precarious time. His administration’s ambitious agenda to stem global warming calls for a shift away from fossil fuels. Yet Mr. Biden is now urging the Organization of the Petroleum Exporting Countries to increase production to ease shortages and lower prices. OPEC has so…
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No news is good news
Chasing the Yield – November 08, 2021 Episode 28 Value 4 Value podcastingListen to this podcast on PodFriend News Teekay LNG Partners LP (TGP) announced they filed their proxy statement with the SEC relating to their merger with Stonepeak Limestone Holdings LP. If the merger is completed common unit holders will receive $17.00 per unit…