Streetwise Articles
Uranium: Out of Africa
Source: Uranium Investing News, Melissa Pistilli (3/24/09)
"Uranium mining and production is now on the rise in African nations such as Namibia (7% in 2007), Niger (8%) and South Africa (1%)."
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Uranium Mining a Hot Issue - Again
Source: Times Colonist, Paul Willcocks (3/23/09)
"Uranium mining brings a classic clash of B.C. values. . ."
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OPEC Leaders Foresee Oil Price Surging Again
Source: AllAfrica.com (3/23/09)
". . .disappearance of credit lines and a $100 collapse in the oil price. . .resulted in a 12% drop in energy infrastructure investment worldwide."
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Energy Chief Doles $1.2 Billion in Stimulus Cash
Source: Associated Press, Frank Eltman (3/23/09)
"The department will use $277 million to help establish Energy Frontier Research Centers. . .to advance research into alternative energy sources."
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2009 Uranium Conference Highlights
Source: Uranium Investing News, Melissa Pistilli (3/19/09)
". . .the financial crisis has spawned a shakedown in the uranium mining industry and many of the sector's companies are already 'walking dead.'"
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OPEC Seminar Speakers Call for Continued Investment
Source: Oil & Gas Journal, Uchenna Izundu (3/19/09)
"There is no other viable source of energy now to take the burden of oil and gas."
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Malone Mitchell: Energy and Opportunity Overseas
Source: The Energy Report (3/19/09)
With more than 25 years in the business, Malone Mitchell, chairman of TransAtlantic Petroleum Corp., has not only endured but also prospered through seven downturns, turning assets he bought in the 1998 down cycle into billions. In this exclusive interview with The Energy Report, he discusses the business service modifications that enabled TransAtlantic to corner some select foreign markets, likens operating in Morocco and Turkey to operating in Texas, defines what he calls a 'friendly hostile bid' and explains why he's been waiting 23 years for this situation.
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Marshall Adkins: Natural Gas: Weakness Borne of Strength
Source: The Energy Report (3/18/09)
Ironically, terrific strides in productivity are making life miserable and the outlook bleak for the U.S. natural gas industry. Dazzling technological advances coupled with exponential production increases in shale wells have flooded the U.S. with an over-supply of natural gas at the same time that economic woes are driving consumer and industrial demand into the ground. Too much of a good thing does not make a pretty picture. In fact, J. Marshall Adkins, who leads the energy research team at Raymond James, thinks it's pretty ugly. On a more positive note, he tells The Energy Report readers that oil fundamentals remain strong and his firm is as bullish as it can be on oil's long-term future.
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Bullish Picture for Energy Once Economy Picks Up
Source: Seeking Alpha, Stephen Schork (3/17/09)
"Placing a chokehold on U.S. domestic energy suppliers will only increase the import of foreign energy."
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Weapons Plutonium: A Tough Sell as Reactor Fuel
Source: The New York Times, Matthew L. Wald (3/17/09)
"Taxpayers are pouring hundreds of millions of dollars a year into a facility that may never be used."
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South Australia Will Expand Its Key Global Uranium Supply Role
Source: Mineweb, Ross Louthean (3/16/09)
"It is estimated that the global nuclear industry today needs about 181 million pounds of uranium a year to supply reactor feed requirements."
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India Gas Field to Double Supply, Open New Energy Era
Source: Reuters, Himangshu Watts (3/16/09)
"The gas will be sold at more than twice the price fixed by government for sales from fields of state firms. . ."
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Energy Prices Dip as OPEC Takes No Action
Source: Oil & Gas Journal, Sam Fletcher (3/16/09)
"OPEC members said their production reductions so far have contributed to balancing the price of oil above $40/bbl."
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Fossil Fuel Vital for Decades: Saudi Oil Minister
Source: Reuters (3/16/09)
"While the days of easy oil may be over, the days of oil as a primary fuel source for the people of the world are far from over ."
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Iran-China Signs Gas Deal
Source: The Media Line (3/16/09)
"Some 14% of China's gas is imported from Iran."
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As Oil and Gas Prices Plunge, Drilling Frenzy Ends
Source: The New York Times, Clifford Krauss (3/15/09)
"The great American drilling boom is over."
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It's Time to Invest in Oil Again!
Source: Investor's Daily Edge, Ted Peroulakis (3/12/09)
"Soon we could see demand increase to a level that will start to exceed supply."
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International Trade Rules and Climate Change Policy: Part II
Source: The Globalist, Kevin M. Dempsey (3/12/09)
"The EU experience has led policymakers. . .to return to the idea of auctions as an allocation tool for allowances for greenhouse gas emissions."
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EdF in Antitrust Spotlight
Source: World Nuclear News (3/12/09)
"Suspected illegal conduct may include actions to raise prices on the French wholesale electricity market."
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Oil Futures Rise 3%, Rebounding After Sharp Decline
Source: MarketWatch, Polya Lesova and Moming Zhou (3/12/09)
"Crude prices bounced back amid profit-taking after two days of losses."
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Mickey Fulp: “Expect New Uranium Production out of Wyoming in Next Two Years”
Source: The Energy Report (3/12/09)
Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp returns to tell The Energy Report readers about his growing Primer for the Lay Investor and share his musings on plays taking shape in uranium (Athabasca, Wyoming and New Mexico) and natural gas (southern U.S. and central Texas).
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S&P Launches Global Carbon Indices
Source: Seeking Alpha, Index Universe (3/11/09)
"Standard & Poor's has launched the first in a series of global low carbon indexes, which could eventually lead to a third exchange-traded product. . ."
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M&A Activity Rises Among UK-Based Oil, Gas Firms
Source: Oil & Gas Journal, Uchenna Izundu (3/11/09)
". . .the level of M&A activity in the UK rose despite the slowdown in pace of global M&A deals."
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Is Oil Due for Another Big Fall?
Source: Energy Current, Jad Mouawad (3/10/09)
"While many analysts. . .expect oil demand to rebound sharply once the economy recovers, not everyone agrees that prices are necessarily going to soar at that point."
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Why Is China Stockpiling Oil?
Source: Seeking Alpha, Trader Mark (3/10/09)
"China is taking the supply security issue more seriously than the market thought."
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