Petrobras May Get Political Respite Finally

By Martin Tiller: Over the last few years, stock in the Brazilian state-controlled oil company Petroleo Brasileiro S.A., or Petrobras (PBR), has confounded those who track traditional measures of valuation. The stock has remained stubbornly low in terms of price-to-earnings-ratio (P/E), and even after rallying over the last few days, remains at less than seven […]

Iraq, Oil Markets and the U.S. Economy

The group is calling itself the Islamic State of Iraq and al Sham, translated as the Islamic State of Iraq and Greater Syria, or ISIS. And so it may come to be. From Friday’s Wall Street Journal: A militant Islamist group that has carved out control of a swath of Syria has moved into Iraq, conquering cities […]

Chinese Premier Announces Clean Energy Push

Chinese Premier Li Keqiang has restated the government’s plans to aggressively build clean energycapacity throughout the country in an effort to reduce air pollution. Li’s announcement, which he made on the central government’s website, comes as major Chinese cities have been suffering from catastrophic levels of smog. Li’s statement laid out plans to build new solar, […]

U.S. Oil Imports Continue to Decline

New EIA data shows that U.S. oil imports continued to decline in 2013 as domestic production increased. The U.S. is now importing less oil than at any time since the 1996. Net crude oil imports declined by 10.2% between 2012 and 2013, down to 7.6 million barrels per day. At the same time, EIA data shows that […]

Nigeria’s Missing Oil Money Sparks Political Crisis

Over a month after Nigerian President Goodluck Jonathan suspended the country’s Central Bank governor after he blew the whistle on $20 billion in oil money allegedly missing from state coffers, a forensic audit team has still not been formed. Officially, President Jonathan suspended Central Bank Governor Lamido Sanusi in mid-February because of “financial recklessness and misconduct” and “far-reaching irregularities” […]

Russia Aggression Paves Way for Ukrainian Energy Coup: Interview With Yuri Boyko

As Ukraine’s Crimean Peninsula is lost to Russia, with a referendum on the peninsula’s independence planned for Sunday and the specter of a Russian military advance on eastern Ukraine looming large, we are witnessing a crisis of international proportions. The key to this crisis is energy. Russia’s aggressive move on the Crimea may in fact […]

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