Thursday, February 28, 2013
China's drive to fuel more vehicles with cleaner-burning natural gas could reduce oil demand by nearly a tenth $BP $TOT
China Natural Gas Plan May Reduce Oil Demand By 10%
China's drive to fuel more vehicles with cleaner-burning natural gas could reduce oil demand by nearly a tenth - equivalent to Turkey's total oil consumption - and may help ease its cities' toxic smog problem, too.
China's drive to fuel more vehicles with cleaner-burning natural gas could reduce oil demand by nearly a tenth - equivalent to Turkey's total oil consumption - and may help ease its cities' toxic smog problem, too.
$ECA Looking Bullish At These Levels
$ECA Looking Bullish At These Levels
Encana is not alone in its investment to grow liquids production. Large U.S. based onshore peers Chesapeake Energy (NYSE: CHK ) and Devon Energy (NYSE: DVN ) are just two of the many examples of exploration and production companies looking to shift the balance of production into liquids. Chesapeake grew its liquids production 52% last year and is planning a further 29% boost in the year ahead. Chesapeake's success is due in part to devoting more than 85% of its capital budget to liquids projects.
Encana is not alone in its investment to grow liquids production. Large U.S. based onshore peers Chesapeake Energy (NYSE: CHK ) and Devon Energy (NYSE: DVN ) are just two of the many examples of exploration and production companies looking to shift the balance of production into liquids. Chesapeake grew its liquids production 52% last year and is planning a further 29% boost in the year ahead. Chesapeake's success is due in part to devoting more than 85% of its capital budget to liquids projects.
Sequester: Reasons to Worry #Barrons $SPY
Sequester: Reasons to Worry #Barrons $SPY
The Dow Jones Industrial Average is flirting with a record high and the Standard & Poor’s 500 index has risen nearly 2% in the past few days. Given the hysteria that accompanied the fiscal cliff, this seems strange.
Some of this is understandable — it feels as if we’ve been beaten over the head with talk of fiscal doom and catastrophe for at least the past 18 months. But don’t forget that when Congress put the sequester’s cuts in place, they intentionally put in cuts that were so harsh and indiscriminate that they figured there’d be no way they wouldn’t reach a fiscal compromise before they came into effect. This was never designed as a sensible way to improve the nation’s finances.
Maybe the reason nobody seems too worried is that the sequester doesn’t seem quite as exciting: It’s entirely domestic (no downgrades and international crises like the fiscal cliff) and it will take time before the economic effects are felt.
But the impact of the sequester will be real. Already we’ve seen fourth-quarter GDP andJanuary’s durable-goods orders both hurt by the pullback in government spending, and nowsmall businesses say they are already suffering. And a study by Third Way and Regional Economic Models estimates that if the sequester’s cuts are allowed to stand, by the end of next year the US would have 1.9 million fewer jobs than it would if the cuts are averted.
Chief Talks of Mistakes and Big Loss at J.C. Penney $JCP $HLF #Ackman
Chief Talks of Mistakes and Big Loss at J.C. Penney $JCP $HLF #Ackman
J. C. Penney’s chief executive admitted on Wednesday that he had made “big mistakes” in his turnaround effort, as the retailer reported a startling fourth-quarter loss of $2.51 a share, compared with the 24-cent-a-share loss analysts had expected.
J. C. Penney’s chief executive admitted on Wednesday that he had made “big mistakes” in his turnaround effort, as the retailer reported a startling fourth-quarter loss of $2.51 a share, compared with the 24-cent-a-share loss analysts had expected.
Wednesday, February 27, 2013
Longer lines at airports. Closed campgrounds at national parks. Fewer meat inspectors. $SPY
Longer lines at airports. Closed campgrounds at national parks. Fewer meat inspectors. $SPY
In warning of the consequences of $1.2 trillion in budget cuts over the next decade, PresidentBarack Obama and his administration are choosing examples likely to resonate with voters. Some Republicans, including Louisiana Governor Bobby Jindal, say this amounts to scare tactics and that agencies should instead cut wasteful spending.
In warning of the consequences of $1.2 trillion in budget cuts over the next decade, PresidentBarack Obama and his administration are choosing examples likely to resonate with voters. Some Republicans, including Louisiana Governor Bobby Jindal, say this amounts to scare tactics and that agencies should instead cut wasteful spending.
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