With prices currently below $2 and demand growing, U.S. natural gas prices will eventually stabilize at a much higher equilibrium price.
Crude oil prices rose on Wednesday after a government report showed that U.S. oil inventories shrank more than expected last week and a new report forecast strong global demand. There’s lots of volatility in oil prices.
Editor’s Note: Over the last couple of years, over 24 trillion cubic feet of natural gas has been found off of Israel’s coastline in the Mediterranean Sea. The reserves are enough to last the country 75-100 years based up on the nation’s current level of consumption. These finds represent a huge opportunity for Israel as the discoveries are transforming the nation into a net exporter of energy. Until recently, technology has driven the tiny country’s economy. Now, however, Israel’s natural gas reserves will provide a new revenue stream which will turn eyes from two directions. From Europe and the West who will likely become importing partners. And from the Middle East, who will not be excited about new competition in the energy sector from the Jewish state. We’ll keep our eyes on this one…
In this second article of our series on America’s Energy Crisis, I will answer some of the most common questions about the Peak Oil theory.
On Wednesday, Japan’s central bankers continued flooding the country with a fresh infusion of cash in an attempt to stop the financial bleeding after that nation’s worst earthquake on record.
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 16 – The accident began with reactor number 2 and quickly became a critical situation, with the plant facing at least a partial nuclear meltdown. The local population was given conflicting reports about what was happening at first and it took a while until the […]
A so called “Day of Rage” has been scheduled for tomorrow in the Kingdom of Saudi Arabia. The planned protest has been called for on a Facebook group which sports some 17,000 members and has sent the market for crude oil into emergency standby mode.
The world has been watching and waiting to see what would happen with the Middle East Crisis for the past few weeks now, ever since Tunisia managed to overthrow their leader and declare an age of democracy in that country.
Is now the time to be investing in natural gas? I’d have to say that it definitely is. I think the biggest reason why natural gas is set for an explosion in prices (no pun intended) is what’s been happening in my neck of the woods.