3 Oil and Natural Gas Companies Filling Japan’s Energy Gap

David Fessler submits: Companies around the globe are lining up to help the Japanese after their unprecedented crisis. Last Friday, I wrote about one of the world’s top steelmakers that will see significant growth. Today I’m going to focus on the effect that Japan’s woes have had on the oil and gas industry, and a [...]

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Shale Gas and the Severance Tax

Kent Moors submits: The U.S. hydrocarbon era began in 1859, when Colonel Edwin Drake (who wasn’t really a colonel of anything) drilled the first successful oil well at Titusville, Pennsylvania. What is happening these days in the state capital of Harrisburg may one day loom as a watershed moment of equal importance. This time, however, [...]

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How Shale Gas Snuck Up on the Beltway Elites

Mark J. Perry submits: AEI’s Steve Hayward has an excellent article on “The Gas Revolution” in the Weekly Standard, here are some key paragraphs: One remarkable aspect of the shale gas revolution is that it was not the product of an energy policy edict from Washington, or the result of a bruising political battle to [...]

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Progress Energy Challenged but Looming Merger Brightens Future

Zacks.com submits: We reiterate our Neutral rating on Progress Energy Inc. (PGN) as the company continues to face challenges in Florida. Also, the fluctuations in commodity prices, the uncertain regulatory environment and the pending approvals for its merger with Duke Energy Inc. (DUK), keep us on the sidelines. On the positive side, though, we like [...]

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Gas Prices Getting Close to 2008 Highs

Hickey and Walters (Bespoke) submit: Below is a chart showing the distance that both gas prices and oil are currently trading from their 2008 highs. As shown, the price of oil is still 22% from its 2008 high, while the price at Complete Story » Energy Sector and Stocks Analysis from Seeking Alpha

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