Los Angeles Times, July 4, 2009: Ronald D White, energy expert, back in July, 2009, predicted that the glut of oil could push the price of oil down to below $20/barrel by the end of the year, 2009.
I would assume these sentiments have not changed for some of these experts based on ever-increasing supplies of oil and natural gas, especially now that the administration has opened up off-shore drilling.
On another note: the price of oil rose more than a dollar yesterday and is now over $85/barrel.
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Friday, April 2, 2010
Notes from All Over
Los Angeles commercial and residential customers are stunned at a 22% - 28% increase in their utility rates to pay for "green energy."
BEXP continues to raise cash: selling some west Texas assets for $14 million.
St Mary Land and Exploration raises cash: sells non-core properties in North Datota.
Price of oil: I expect it to go higher after today's news. Chavez and Putin have signed a deal for Russia to pump 1/5th of the Orinoco heavy oil belt, a field discovered and developed by the US. Now, a fifth goes to Russia, as well as side deals for nuclear and space technology, adding uncertainty in the region.
Otherwise, kind of a slow day. Sorry.
This might be a good day to review some of the archived stories found in the sidebar on the right.
BEXP continues to raise cash: selling some west Texas assets for $14 million.
St Mary Land and Exploration raises cash: sells non-core properties in North Datota.
Price of oil: I expect it to go higher after today's news. Chavez and Putin have signed a deal for Russia to pump 1/5th of the Orinoco heavy oil belt, a field discovered and developed by the US. Now, a fifth goes to Russia, as well as side deals for nuclear and space technology, adding uncertainty in the region.
Otherwise, kind of a slow day. Sorry.
This might be a good day to review some of the archived stories found in the sidebar on the right.