While the world’s attention has been focused for the past few days on Washington D.C. and Barack Obama’s plans to reinvent the energy mix, old energy hasn’t stopped working, and a pair of oil and natural gas finds in Brazil and Israel have big long-term implications.
Exxon’s all smiles
ExxonMobil told Brazilian authorities that it’s found oil [...]
On December 23, crude oil prices flirted with $30. That barrier marked the bottom of the price decline that commenced in early July after oil futures hit $147. The $117 price decline has done much to alter the current and prospective landscape for the oil and gas industry and the global economy, too. Just when [...]
Read more...Whether the calls for reducing America’s oil dependence on the Middle East that played such a big part in Barack Obama’s campaign will find a home in today’s inaugural address is an open question. But one thing is increasingly clear: America won’t be able to count much on Mexico, still its third-biggest supplier, to help [...]
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