The year ahead appears poised to be another wild ride for the energy sector. A recovering US economy combined with continued strength in China and India will send oil and coal prices toward highs not seen since 2008. Meanwhile, solar and wind power will become increasingly attractive investments and grow their share of Continue reading
I’m proud to announce that SET will co-host its first webinar! On Friday, Jan 9, at 9am US Eastern Standard Time, we will collaborate with our European partners at Leonardo Energy to present the Energy Year in Review for 2008. We will discuss the tumultuous energy trends of 2008 and potential implications for the upcoming year.
Details on the webinar are available at Continue reading
Right when oil and natural gas production would be ramping up production back to normal levels after Hurricane Gustav’s disruptions, another hurricane turns its way along Cuba toward the Gulf of Mexico. Ike hit the Bahamas with Category 4 strength before its current weaker state as a Category 2 (100 mph) storm over Cuba. But the ingredients that could make Ike a serious threat to US energy markets emerge once it has passed Cuba late Tuesday. If Ike goes over warm water with less wind shear and dry air than Gustav then Continue reading
After soaking southwestern Haiti, Gustav is reentering the Caribbean Sea to gain its strength back south of Cuba as it makes its way toward the Gulf of Mexico. Current projections are for the tropical storm to regain hurricane wind speeds over the next 36 hours before growing to a substantial storm that may hit offshore oil and gas rigs and then the Gulf coast around Louisiana near the end of this weekend. As we saw with Fay, these storms are unpredictable (ASIDE: thanks Fay for giving my home state of North Carolina some much-needed rain!). But the potential production disruption has oil and natural gas prices up over Continue reading