About Those CFTC Claims That Speculation Has Distorted Oil Prices

Craig Pirrong submits: CFTC Commissioner Bart Chilton has been touting research that he claims supports his view that speculation has distorted prices, thereby necessitating position limits. I’ve read each one. My conclusion: if this is the best he can come up with, the case for position limits is weaker than I thought. And that’s saying [...]

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Oil and Gas Continue to Rise

Doug Short submits: I routinely post an update on gasoline prices on Monday afternoons when the Energy Information Administration data is published. But Friday’s close at 112.99 for West Texas Crude Oil (WTC) prompted me to post an interim snapshot with that day’s WTC close and the latest price for regular gasoline from the GasBuddy.com [...]

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Areva: Expect to See Solar Thermal Deals Soon

Greentech Media submits: By Michael Kanellos 2010 was in many ways a tough year for solar thermal power plants. Federal and state agencies approved a number of plants and some companies such as BrightSource Energy managed to land capital, power purchase agreements and loan guarantees, but the mammoth nature of the projects continued to prevent [...]

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SeaDrill’s Contract With Pemex Means More Monthly Revenue

Power Hedge submits: On April 8, 2011, SeaDrill Ltd (SDRL) entered into a five-year contract with Pemex. This five year contract calls for the brand-new West Pegasus ultra-deepwater rig to begin operations in Mexico in the third quarter of 2011. The contract calls for a fixed dayrate for the first two years of operations, then [...]

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Energy Stocks Showing Signs of a New Breakout

Rougemont submits: Several energy-related stocks are showing new signs of a possible breakout to the upside. I prefer fundamental analysis when looking at stocks to buy, but I also think it is important to look at the technical side as well. After doing fundamental analysis, I want to see how a stock looks based on [...]

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