Archive for the ‘Oil’ Category
Posted by Jeflin on December 13, 2008
Steven Chu has been picked by U.S. President-Elect Barack Obama for Energy Secretary. Barack Obama is adding another experienced member to his growing roster of competent officials.
Chu was appointed as the director of the Lawrence Berkeley National Laboratory in 2004 and he was only 49 when he shared the 1997 Nobel Prize in Physics for codeveloping ways to cool and trap atoms using lasers.
The Nobel winning phsyicist has long spoke out about the need to combat climate change. Here are some of Chu’s past statements on energy issues.
Steven Chu will be the man to push for the development of alternative energy. In this 2005 interview with UC Berkeley, he spoke about the possibilites of biofuel and nuclear power. The Nobel Laurette is also expected to reform existing regulatory standards which are enforced by the Department of Energy.
Now, espousing theories is one thing… changing mindsets, justifying costs and benefits, formulating theories into clear policies, are easier said than done, so I expect this Energy Secretary appointment to be among the toughest job in Obama’s administration.
In an imminent energy crisis where extracting fossil fuels becoming increasingly challenging while demand continue to spike, the policies set forth will have far reaching implications for global economies, businesses and individuals.
Posted in Alternative Energy, Oil, Politics | Tagged: Barack Obama, energy crisis, Energy Sec, Steven Chu | Leave a Comment »
Posted by Jeflin on November 13, 2008
Recession, recession, everywhere we turn, we are reminded of this dreaded scenario. For those who are still shy to utter the word “recession,” let’s not kid ourselves anymore. The earlier we face up to the truth, the faster we are on the road to economic recovery.
The week actually didn’t start off with a pall. On Monday, the bulls came charging back in Asian and European stock markets. Read the full article here.
Posted in Alternative Energy, Business, Economy, Oil, Stocks, deflation | Tagged: alternative energies, bulls, Business, deflation, Economy, investors, Keynes, Oil, recession, stock market, Stocks | Leave a Comment »
Posted by Jeflin on September 11, 2008
On Monday, we had a fantastic stock market rally after the US Treasury engineered a takeover of troubled mortgage giants Fannie Mae and Freddie Mac. Regardless of it being the costliest bailout in US financial history, investors’ confidence were restored… for a while.
Suckers, er, investors rushed into the stock market again, picking up oversold stocks as they anticipated a sustained rally, like what happened in March this year, when the US government arranged the Bear Stearns bailout. Read the full article here.
Posted in Banking, Business, Currency, Economy, Oil, Stocks, gold | Tagged: bear market, Fannie Mae, fear, Freddie Mac, investment, investors, stock market, Stocks, Treasury | Leave a Comment »
Posted by Jeflin on September 3, 2008
The US dollar, inspired largely by plunging oil prices and growing pessimism over the economic health of the EU and the U.K, is going gangbusters of late.
It traded at $1.4455 Wednesday, a seven-month high against the euro.
Coupled with the US government’s release of 250,000 barrels of oil… Read the full article here.
Posted in Banking, Business, Economy, Oil, Properties, Stocks | Tagged: banks, Business, commodities, Dollar, Economy, housing market, mortgages, Oil, Properties, speculators, Stocks | Leave a Comment »
Posted by Jeflin on August 28, 2008
Hurricane Gustav is set to bring cheers to the battered oil and commodities market as it heads towards the Gulf of Mexico. Oil prices briefly touched $119.63 per barrel on the New York Mercantile Exchange before falling back to $118.15 a barrel Wednesday.
What is the possible extent of damage from Hurricane Gustav?
Read the full article here.
Posted in Business, Economy, Inflation, Oil, Stocks | Tagged: commodities, commodity, Economy, Gulf of Mexico, Hurricane Gustav, Inflation, investment, investors, New York Mercantile Exchange, oil drilling, oil prices, oil traders | Leave a Comment »
Posted by Jeflin on August 8, 2008
On the eve of our National Day and the opening ceremony of the Olympic Games, there is actually little to celebrate as an investor. The ST Index dropped 27.17 points to close at 2807.54, volume was weak at 1.041 billion while gainers/losers stand at 197/327.
COSCO Corp’s shares plunged 12.2% following the shock “retirement” of president Ji Hai Sheng. Read the full article here.
Posted in Banking, Business, Economy, Hedge Funds, Oil, Stock Indices, Stocks | Tagged: Dow Jones, financial sector, investors, mortgage, Nasdaq, National Day, Oil, Singapore, ST Index, stock market, Stocks, unemployment, Wall Street | Leave a Comment »
Posted by Jeflin on August 5, 2008
The Straits Time Index was down 15.57 points to close at 2860.51 Tuesday, a relatively muted response (fortunately) amid regional markets turbulence.
The stock market desperately needs a stimulus and what better than to see Dow Jones rallying by 331 points, reversing 3 consecutive loss sessions.
I expect stocks on the SGX to rally today and UOB gave me a pleasant surprise. Read the full article here.
Posted in Alternative Energy, Banking, Business, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Business, Economy, Federal Reserve, financial firms, Inflation, investments, investors, Oil, profits, Stocks, UOB | 1 Comment »
Posted by Jeflin on July 28, 2008
Last week, energy trader SemGroup LP (the 12th-largest private U.S. company) filed for bankruptcy after sustaining $3.2 billion in losses on energy futures and derivatives trades.
In another case, the Commodity Futures Trading Commission (CFTC) filed civil charges against Optiver.
Read more of the article here.
Posted in Economy, Hedge Funds, Oil, Stock Volume | Tagged: Business, Commodity Futures Trading Commission, Hedge Funds, hedgers, Oil, Optiver, Republicans, Semgroup, Senate, speculation, trading | Leave a Comment »
Posted by Jeflin on July 22, 2008
This is the car – 2010 Chevrolet Camaro, which General Motors is unveiling as part of its revamp to capture
an increasing segment of car buyers who favor fuel-efficient models. No more gas guzzling SUVs and trucks.
Read the full article at http://jeflin.net
Posted in Business, Currency, Economy, Entrecard, Oil, Stocks | Tagged: assets, auto sales, cash, Chevrolet Camaro, fuel, fuel-efficient cars, gas, General Motors, GM, Oil | 1 Comment »
Posted by Jeflin on July 18, 2008
How long has it been since Wall Street posted consecutive gains? For nearly two weeks, we have seen a rebound only to be followed by more losses the following day.
Well, Wall Street broke out of their trance (posting more than 200 points gains in two sessions) but regional stock markets were still mixed in reaction.
Read the full article at http://jeflin.net
Posted in Banking, Currency, Economy, Oil, Stock Indices, Stocks | Tagged: AMD, Citigroup, Dollar, Dow Jones, Fannie Mae, Freddie Mac, Google, JP Morgan, Merrill Lynch, Microsoft, naked shorts, Oil, stock market, Stocks, Straits Times Index, Wall Street | 1 Comment »
