Energy Technology News

Tuesday, July 22, 2014

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Obama: U.S. Must Have "smartest Airports, Best Power Grid"

Obama: U.S. Must Have "smartest Airports, Best Power Grid"

Reuters - US Online Video (July 17, 2014) President Barak Obama stopped by at a lunch counter in Delaware before making remarks about boosting the nation's infrastructure. Mana Rabiee reports. Video provided by Reuters
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Crude Oil Prices Bounce Back After Falling Below $100 a Barrel

Crude Oil Prices Bounce Back After Falling Below $100 a Barrel

TheStreet (July 16, 2014) Oil Futures are bouncing back after tumbling below $100 a barrel for the first time since May yesterday. Jeff Grossman is the president of BRG Brokerage and trades at the NYMEX. Grossman tells TheStreet the Middle East is always a concern for oil traders. Oil prices were pushed down in recent weeks on Libya increasing its production. Supply disruptions in Iraq fading also contributed to prices falling. News from China's economic front showing a growth for the second quarter also calmed fears on its slowdown. Jeff Grossman talks to TheStreet's Susannah Lee on this and more on the Energy Department's Energy Information Administration (EIA) report. Video provided by TheStreet
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Energy Stocks Set to Repeat Strong Performance in Second Half

Energy Stocks Set to Repeat Strong Performance in Second Half

TheStreet (July 14, 2014) The energy sector outperformed the overall S&P in the first 6 months of 2014, and the strong showing should continue in the second half as the economy gains steam and the Middle East remains troubled, said Andrew Ahrens, CEO of Ahrens Investment Partners. Ahrens said companies across the supply chain - from the rigs to the refineries to the pumps - will benefit from the uptrend and this will be reflected in the stock performances. He said the best way to take part in this rally is through owning exchange traded funds, as well as MLPs, which he said won't be hurt too badly if the Federal Reserve raises rates earlier than expected. Video provided by TheStreet
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Global Oil Demand to Increase Next Year at Fastest Pace Since 2010

Global Oil Demand to Increase Next Year at Fastest Pace Since 2010

TheStreet (July 11, 2014) Global oil demand will rise at the fastest pace in five years in 2015, according to the International Energy Agency. The IEA said that world oil consumption will increase next year by 1.4 million barrels a day to a record 94.1 million. Most of the increase in oil supply will be from nations outside of the Organization of Petroleum Exporting Countries. Oil supply from non-OPEC countries will rise by 1.2 million barrels a day next year as North American production rises. The demand for oil will be driven in large part by China, which the agency said will see demand increase by more than 4% to about 10.8 million a day. Video provided by TheStreet
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last updated on 2014-07-22 at 7:29 am EDT

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