Early this week, US President Barack Obama is expected to announce a loan guarantee for two new reactors that will be built by Southern Company in Burke, Georgia.
Southern Co will be the first nuclear energy firm to take advantage of The Energy Policy Act of 2005, which allows the Department of Energy to issue loan [...]
Obama is likely to tax banks to recoup $120 billion. Crude prices peek above $80 a barrel. And the dollar is showing signs of firming. What do these signs foretell for gold?
On Thursday morning, though gold price recovered to $1,138 in early trade, other issues came to the fore, vicious enough to rock the boat.
President [...]
Gold prices move quicker than most other investments. Blink, and you have missed the gold bus. By the time realization dawns, the bus has driven past quite a few blocks. You can huff and puff and get back on at the adjusted fare, but by that time, it may be the end of the line. [...]
The US administration has moved toward imposing the first federal limits on climate-changing pollution at the Copenhagen meet. A green signal for lithium batteries. But too many naysayers spoil the broth.
They are all the rage – solar energy, clean fuels, ethanol, rechargeable batteries and geothermal energy. With the world working on ways to reduce carbon [...]
Uranium Investing News & U3o8.biz report that Obama administration taking the latest flak from the uranium industry.
Those keeping tabs on the uranium spot market are well aware that industry analysts believe the DOE move is definitely causing some concern in the market. The fear is that the transfer will flood the market with overabundant supply [...]
Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel.
However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. This is [...]
Heavy Oil Investing News reports the recent jump in oil price was caused by a drop in inventories.
The rally in oil contrasted with the grim global economic picture. The U.S. Labor Department said the number of American workers drawing unemployment aid jumped to a record high of nearly five million, highlighting the deterioration in the labor [...]
Heavy Oil Investing News reports low oil prices and a tight credit market, the outlook for heavy oil and oil sands are pretty grim.
Indeed, Bloomberg is reporting that Jacobs Engineering Group Inc (NYSE:JEC) predicts a decrease of US$40 billion worth of oil sands-related projects, from US$120 billion to US$80 billion, largely due to reduced prices.
For complete story, [...]
Crude Investing News reports instability in the financial markets causing crude prices to fall and the American Elections underway.
Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot hold. [...]
Heavy Oil Investing News reports heavy oil and oil sands industries are doing well with the upcoming US Presidential Elections and the Canadian elections being over.
This being said, the exigencies of minority governments may proffer some unexpected policy choices due to inter-party bargaining. The Liberal party’s platform centrepiece was a fundamental restructuring of Canadian tax policy [...]
Tuesday, February 16, 2010
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