All GLG News Analyses Filed Under: Natural Resources

Jad Mouawad in New York reported in the October 17 issue of the International Herald Tribune that crude oil prices fell below $70/bbl on Thursday triggering an emergency OPEC meeting set for next Friday (October 24). Analysts expect a production cut of one million bbl/day. Oil company executives and...

the article mentions a key issue to be confronted by OPEP as they gather next week in Viena: its market power. Also it points out the high volatility of oil prices in the last 12 months.

Economic DownturnCommodoties not following fundamentals

The Oil Voice Newsletter reported October 17 on an article by Neil King Jr. & Spencer Swartz (Dow Jones Newswires) regarding the pressure of falling crude oil prices on the budgets of some oil-producing countries. Iran and Venezuela are particularly concerned because oil revenues keep their strained...

The article looks at the prices of oil in light of the recent collapse from $147 to under $70.

The editors of the Oil & Gas Journal reported on line on October 14 that production from Beaver field in British Columbia may be extended by a new pay zone. On a three day test, Questerre and Transeuro’s A-5 well flowed 10 million cubic feet/day of dry gas at 3,000 psi tubing head pressure. The...

Major implications are in the safety of the contracts signed with the Kurdistan Regional Government and requirement of more funding in the absence of oil exports.

While today’s lower fuel prices is immediate good news for American households and the economy, automakers and consumers must commit to fuel efficient vehicles long-term to effect change.  Short-term, consumers have reduced their driving and their appetites for larger, less fuel efficient automobiles...

The New York Times on October 15 noted the importance of the Marcellus shale in Appalachia as a source of shale gas. To make these deep natural gas wells commercial requires horizontal drilling and multiple fracturing of the pay zone. Fracturing entails high pressure injection of large volumes of water...

The use of solar power should be activated within the city of Los Angeles but at what price?  Brian D’Arcy business manager of IBEW Local 18 has negotiated a contract to help make DWP the highest salaried city utility agency in the United States.  This has caused significant rate increases...