Black Swan events almost always push oil prices higher. Here's why.
The US approves a fourth facility to export liquefied natural gas: Dominion Energy's Cove Point terminal in Maryland. Via pipeline, Cove Point offers Pennsylvania's Marcellus Shale producers direct access for LNG exports.
Share prices for US refiners have soared over the past year because they've leveraged a $20 per barrel differential between Bakken oil and Brent crude. This year refiners' profit potential looks solid, but the differential could narrow.
Appeals court ruling will allow wind energy from the northern Plains to reach population centers in the Midwest. But the ruling may force states to rewrite their renewable portfolio standards, opening them up to attack.
Demand for fresh water could exceed supply by an estimated 40 percent by 2030, pushing up prices for the water-intensive energy industry. Soaring water prices would help wind, solar, and natural gas, but hurt coal and nuclear plants.
Although Chevron is smaller, it has eclipsed ExxonMobil as the best-managed international oil company. Chevron's stock has outperformed ExxonMobil's, it pays a higher dividend, and the company is reporting a slightly higher profit margin.
Oil companies should no longer be valued by their reserves. New drilling technologies like fracking and horizontal drilling mean oil companies operate more like advanced manufacturers, which have much higher price-earnings ratios.
The $20 per barrel gap between Brent crude and West Texas Intermediate crude has closed to $13 to $14 a barrel. WTI prices are moving up, but forces pushing energy prices up may be weakening.
Prices of ethanol credits have skyrocketed 1,400 percent as refiners get stuck with ethanol that they can't profitably blend with gasoline. Courts may take up fairness of renewable fuel standard, which has caused the glut.