By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
SOME CHEER ON THE OIL FRONT By Duncan Sutherland – Exclusive to Heavy Oil Investing News A good quarter for heavy oil companies Heavy oil and oil sands companies, by and large, posted positive results in the just-ended quarter. This was to be expected, what with oil prices hitting an all-time high. It is worth noting, however, that energy costs took a [...]
By Duncan Sutherland- Exclusive to Heavy Oil Investing News The big story of the week is oil’s retreat. The NYMEX crude prices fell just over fifteen dollars through the week. The chief driver of the slide was a worrisome economic outlook for the United States. Indications began to appear that strong supply and depressed demand [...]
By Duncan Sutherland – Exclusive to HeavyOilInvestingNews.com The provincial government of Alberta announced that it will invest $4 billion (CDN) of hydrocarbon royalties into carbon capture and storage technology. Ed Stelmach’s Conservative government will create two separate funds. The first will be used to “finance large projects to capture and store carbon dioxide emissions from [...]
Energy Independence? By Duncan Sutherland – Exclusive to Heavy Oil Investing News In just over six months, American President George Bush will step down and a new Commander in Chief will be sworn into the White House. Mr. Bush’s resistance to ratifying the Kyoto Treaty and lacklustre efforts to negotiate a replacement have cost him [...]
Hydrocarbons are the sine qua non of modern life. A short thought experiment illustrates the point rather well. Think of how your day would go if you couldn’t use the internal combustion engine, plastic, most electricity, the products of commercial agriculture or anything that has traveled by ship. If you pay even tangential attention to [...]
By Duncan Sutherland – Exclusive to HeavyOilInvestingNews.com The marquee event of the week was the World Petroleum Congress in Madrid, Spain. With per barrel prices hovering in the $140s, the assembly examined speculation in futures markets, rising input costs and environmental concerns. The theme for the Congress was “A World in Transition: Delivering Energy for [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News The biggest news of the week was frenetic activity in the nascent Iraqi oil sector. It was confirmed that negotiations between Iraq’s government and ExxonMobil (NYSE:XOM), Shell (NYSE: RDS.A), BP (NYSE:BP), Chevron (NYSE:CVX) and Total (NYSE:TOT) to produce short-term technical support contracts and to boost [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Heads in the Oil Sand? Strange things are happening in the oilfield. I was recently interviewing a veteran oilman who was eager to talk about stricter government controls on greenhouse gas emissions. What was strange was that he saw them as a business opportunity. He [...]
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to be found. Thousands of investors all over the world lost billions of dollars and [...]
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