Bloomberg reports that Crude oil rose to a 27-month high on speculation that the U.S. will be able to sustain an economic recovery this year.
Bloomberg reports that Oil rose from the lowest level in a week after the U.S. economy grew more than previously estimated in the third quarter.
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices.
Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
If you have been following the business pages lately, you have likely seen reports about the new United States Geological Survey report that has come up with a mean estimate of “1,670 trillion cubic feet of natural gas” in the Arctic Ocean. Additionally, the mean estimates predict “90 billion barrels of oil” and “44 billion barrels of natural gas liquids” undiscovered.
Think of how your day would go if you couldn’t use the internal combustion engine, plastic, most electricity, the products of commercial agriculture or anything that has traveled by ship.
Monday, January 3, 2011