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Four ways Japan disaster affects investors

When the world’s third-largest economy is hit with its worst earthquake ever, a tsunami, and a subsequent nuclear crisis, the human and physical toll has been enormous. The disaster is also sending ripples through the world economy. Here is a look at four ways the Japanese crisis changes the investment landscape:

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Carbon trading: Why 'good' companies embrace 'bad' credits

When it comes to Europe's carbon-trading system, top companies like Dow Chemical, ConocoPhillips, and BP prefer to save a little money than hone their 'green' reputation.
Gulf oil spill: Two years later, safety lessons ignored

In its rush to pump more oil, America is ignoring the key lesson of the Gulf oil spill two years ago. Complex drilling, wherever it occurs, comes with unknowable risks.
Mysterious Gulf oil sheen: Where did it come from?

Scientists can't yet determine where the 10-mile stretch of oil sheen found Wednesday in the Gulf of Mexico originated, but they have ways of finding out. Shell oil is investigating.
Coast Guard checks 10-mile oil sheen near Shell oil wells in Gulf

Shares in Royal Dutch Shell PLC fell in European trading early Thursday after it reported a 'light sheen' of oil about 1 mile long and 10 miles wide in the general area of two of its production platforms in the oil and gas prospects called Mars and Ursa.
North Sea gas leak has environmental activists concerned

North Sea gas leak: An oil production platform off the Scottish coast has been leaking gas since last weekend. Environmentalists are concerned the North Sea gas leak could lead to an oil spill.
Can foreigners sue international corporations in US courts?

A 223-year-old law says foreigners can file lawsuits in American courts for alleged violations of international law. But whether they can sue corporations remains a question for the Supreme Court.
Iraq after US pullout – not a doomsday scenario

President Obama met with Iraqi Prime Minister Nouri al-Maliki today in Washington to discuss the US-Iraq relationship after the final US combat troop pullout this December. Worried pundits foresee the return of rampant terrorism and insurgency, and an Iranian takeover. They're wrong.
Why Royal Dutch Shell oil is pulling out of Syria

Royal Dutch Shell said Friday that it will shut down all oil operations in Syria. On Friday, Syrian troops fired at anti-Assad demonstrators near Homs, Syria.
Move over Boko Haram, Nigeria's MEND rebels set to restart oil war in Niger Delta

Leaders of Nigeria's MEND rebel group – and other militia commanders in the oil-rich Niger Delta – say they're ready to launch fresh attacks after two years of relative quiet following a 2009 amnesty.
Exxon Mobil profit jumps 41 percent

Exxon Mobil's quarterly profit rose 41 percent because the company sold oil and natural gas at higher prices, making up for lower production. Exxon Mobil sold oil in the U.S. for an average of $95.58 a barrel
Oil prices top $85 a barrel

Oil prices rebound on positive moves from Europe after dipping to 12-month lows. Lower oil prices had caused US gasoline prices to drop 27 cents in a month.
Latin America Monitor
Is the White House ready for a Cuban deep water drilling disaster?

In three months deep water drilling is set to begin in Cuban waters in the Gulf of Mexico, but the US embargo on Cuba could spell catastrophe should a repeat of the Deepwater Horizon spill occur.
Tropical Storm Lee could hit as near-hurricane with 20 inches of rain

Tropical storm Lee is expected to form from what is now tropical depression 13. It could hit the Gulf coast over Labor Day weekend. Warnings for tropical storm Lee stretch from Sabine Pass, Texas, to Pascagoula, Miss.
Drilling for oil in Arctic Ocean is fraught with danger

This month the US approved four wells for drilling by Shell Oil in the Arctic Ocean off Alaska, an energy frontier. But Shell's plan to recover after an oil spill is completely inadequate, given the region's remoteness and weather.
Shell oil spill in North Sea damages company's credibility

Shell oil spill: Although the amount of oil involved in the Shell spill off the coast of Scotland is an order of magnitude smaller than BP's 2010 Gulf of Mexico disaster — around 1,300 barrels so far compared to an estimated 4.9 million in the Gulf — the spill undercuts Shell's earlier suggestions that it is a safer company than BP.
Medicare, entitlements on the table for cuts: Pelosi

Medicare, Social Security, and other entitlements must be looked at for cuts, House minority leader says. But in addition to Medicare, Congress should cut subsidies to oil industry.
Oil CEOs warn senators of downside to axing industry tax breaks

Five oil CEOs testified Thursday that a Senate bill to shrink their companies' tax breaks would mean less domestic oil production and higher gasoline prices. Democrats cite firms' big profits.
Democrats' deficit-cutting plan: Big Oil subsidies the first target

Senate Democrats on Tuesday began enumerating ways to cut the US budget deficit. Tax breaks for oil and gas companies topped their list, as they challenged Republicans to whittle 'subsidies.'
Gasoline prices are up to $4 a gallon. Is that 'Big Oil's' fault?

Pointing to record profits and unprecedented gasoline prices, President Obama and congressional Democrats want to end subsidies to the oil and gas industry. Republicans and the industry say that would harm the economy.
Week ahead: new transparency at the Fed and a gusher of earnings

The Fed will hold its first-ever quarterly briefing, and new data will likely reveal sluggish economic growth for the first quarter
Natural gas, other fuel for Japan: Who'll supply them?

Natural gas and other conventional fuel imports will rise after Japan's nuclear disaster. Asian exporters of natural gas, coal, and oil should see the biggest boost.
Four ways Japan disaster affects investors

When the world’s third-largest economy is hit with its worst earthquake ever, a tsunami, and a subsequent nuclear crisis, the human and physical toll has been enormous. The disaster is also sending ripples through the world economy. Here is a look at four ways the Japanese crisis changes the investment landscape:
Europe rethinks dependence on Libyan oil

Italy and Spain depend on Libya for as much as 22 percent and 13 percent of total crude consumption, respectively, a supply not easily replaced on short notice.
Africa Monitor
China gains ground in battle over Ghana's offshore oil

The Aug. 18 announcement that Exxon Mobil will not purchase a stake in Ghana's offshore oil fields opens the door for China, which is setting a new standard for how to woo Africa's petrol powers.
Gulf oil spill: Why raise the faulty blowout preventer? It's evidence.

Drilling on the relief well has stopped while BP prepares to raise the failed blowout preventer from the sea floor. The effort is not just a safety precaution. The equipment is also evidence that may reveal how the Gulf oil spill happened.