The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
Oil's Nosedive
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oilbarrel.com (05/19/2010)
"Here we go again. Or Do we? The WTI oil price has fallen to US$69/barrel—a decline of over US$11 in a week (though there is a widening premium of the Brent oil price to WTI). Is this the beginning of another 2008/09, when the WTI oil price went from a peak of US$147 in July 2008 to US$32 in February 2009? Ostensibly the present nosedive is due to a combination of geopolitical, climatic and industry factors. The simmering unease over Greece's debt mountain flared into a full-fledged national crisis. Then there is the Icelandic volcanic ash problem, which seems to go away but then keeps returning like a bad smell both literally and figuratively. Other factors include concerns over the UK's 'Hung Parliament' though government paralysis seemed to have been calmed, for the time being, by the establishment of a coalition government between the Conservative and Liberal Democratic parties. Last but not least is the BP oil spill in the Gulf. This spill could have long-term consequences for the oil market. California Governor Arnold Schwarzenegger said on May 3 he no longer supported a plan to expand drilling off California's coast. The sharp drop in oil prices was matched by a selloff on global markets, which at one point saw the Dow Jones index around 9% intraday, with Asian and European stock also falling heavily. Will the oil price now go into free fall? Commentator KBC Energy Economics does not think so, saying in a recent weekly newsletter: 'We have been warning for months that the outlook for European oil demand growth is dire because economic growth there is so fragile, and it is the emerging nations led by China that are fueling oil demand growth. We continue to believe that this demand in the most-populated parts of the globe will support the oil price, but the Greek crisis has been a timely reminder that betting on the oil price is not a one-way street even if the market is now largely run by speculators.'" |
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More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >