Algae-Based Biofuels: Big Oil Place Their Clean Energy Bets
As support for ethanol wanes, algae-based biofuels are beginning to attract interest from some heavy-hitters in the energy industry.
Articles Tagged "exxon mobil"
Exxon Cleanup Under Way in Yellowstone River
CNBC reports that Exxon Mobil's (NYSE:XOM) oil pipeline that spewed crude oil into Montana's Yellowstone River was temporarily shut down in May.
Exxon, Shell, Oxy Said to Be Shortlisted for Abu Dhabi Shah Gas
Bloomberg reports that Abu Dhabi shortlisted Exxon Mobil Corp., Royal Dutch Shell Plc and Occidental Petroleum Corp. as potential partners to develop the $10 billion Shah natural-gas project.
Gas Prices to Increase Slowly
Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
Buyers To Buy If Prices Weaken
If bearish sentiment continues for a bit, expect to see a potential break below support levels around $67.35. Further declines in shipping rates due to reduced Chinese demand can be expected to continue, highlighted by expectations for a 50 per cent drop in freight rates in the next four months.
