Analysis: Stocks-oil relation looks as it did in 2008 recession

The trading pattern of the prices of stocks and crude oil looks worryingly like it did just before the last recession. Oil and equity prices rise and fall more or less in tandem when demand and economic growth expectations dictate prices. But the short-term relationship has been turned on its head in recent weeks with investors worried that political... 

Tags: brent crude, correlation coefficient, current oil price, economic strength, gallon of gas, growth expectations, inverse correlation, market strategist, oil exporting countries, oil price shock, oil supplies, price hikes, stock prices

Former President Clinton backs Libya no-fly zone

Former President Bill Clinton said the United States should enforce a no-fly zone over Libya to allow a fair fight between insurgents and troops loyal to Libyan leader Muammar Gaddafi. The international community has been debating whether to impose a no-fly zone as Gaddafi’s warplanes carry out air strikes unhindered by insurgent anti-aircraft... 

Tags: air strikes, civilians, fly zone, former president bill clinton, former president clinton, Hillary Clinton, insurgents, libyan air space, libyan leader muammar, libyan leader muammar gaddafi, libyans, no fly zones, women in the world

Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Tags: deepwater, environmental stewardship, global energy company, growth strategies, Gulf of Mexico, investors service, marvin romanow, oil and gas exploration, oil sands, shale gas, venture partner, western canada

Vermilion Energy Inc. Files Annual Information Form and Annual Report

Vermilion Energy Inc. announces the submission of its Annual Information Form (“AIF”) for the year ended December 31, 2010 to the System for Electronic Document Analysis and Retrieval. The AIF contains Vermilion’s Statement of Reserves Data and Other Oil and Gas Information as required under National Instrument 51-101. Vermilion has also filed... 

Tags: annual information form, corrib gas field, electronic document analysis, energy inc, exploration and production, gas opportunities, light oil, liquids, national instrument, outstanding shares, Toronto Stock Exchange, vermilion energy, year ended december

W2 Modifies the SunFilter 1 Reactor to Operate 300% More Efficiently on New Algae Strain

W2 Energy, Inc., a clean energy company is pleased to announce that as of March 1, it has converted the SunFilter 1 algae reactor to use Euglena Gracilis, a more efficient strain of algae. The Euglena Gracilis strain of algae grows in fresh water rather than saltwater, and can sequester 40% of the carbon dioxide dissolved in the water. The previously... 

Tags: american economy, Carbon dioxide, economic conditions, euglena gracilis, greenhouse gases, hydrocarbon feedstocks, market acceptance, Mike McLaren, power generation system, private securities, rotary engine, steamray, W2 Energy Inc.

Peabody Energy Announces New Business Development and Law Appointments

Peabody Energy announced today two new leadership appointments: Murray Hundleby has been named Vice President and Chief Legal Officer – Australia, and Rebecca L. Kujawa has been promoted to Vice President – Business Development. In this new position, Hundleby will lead the law department supporting Peabody’s Australian business platform from... 

Tags: airports in australia, bachelor of laws, boeing company, business development activities, federal airports corporation, institute of world affairs, international business development, leadership appointments, master of business administration, mergers and acquisitions, Peabody Energy, rail infrastructure, senior vice president business, University College London, university of canterbury, vice president business development

SEACOR Capital Announces Jay Shaw to Join as Managing Director

SEACOR Capital (Asia) Limited today announced that Jay Shaw joined the Company as Managing Director, based in Hong Kong. Mr. Shaw is responsible for overseeing the Company’s Asia Pacific aviation investments and business development activity. Mr. Shaw has extensive experience in the Hong Kong and mainland China private aviation markets, most recently... 

Tags: aircraft management, aviation markets, aviation sales, bombardier aerospace flexjet, business aircraft, business aviation services, charter operations, chinese aircraft, hong kong and mainland china, management charter, operational standards, pacific aviation, private aviation

As oil muddies outlook, Fed policy less certain

Surging oil prices are deepening a split inside the Federal Reserve, blurring the likely direction of U.S. monetary policy and making next week’s policy meeting all the more contentious. The sharp rise in energy costs, precipitated by a wave of pro-democracy uprisings across the Arab world, could affect the economy in different ways, by retarding... 

Tags: charles plosser, credit markets, desirable levels, fed president, federal open market committee, massive expansion, monetary authorities, mortgage bond, nightmare scenario, philadelphia fed, president charles, price pressures, stagflation, vocal minority, zero interest

Frost and Sullivan: South Korean Industrial APCE Market to Earn $221 Million by 2016

As most industries, such as power plants and steel mills, in South Korea have already installed air pollution control equipment (APCE), the growth of the market is expected to be limited between 2 and 3 percent for the next five years until 2016. New analysis from Frost & Sullivan (http://www.environmental.frost.com), Industrial Air Pollution Controls... 

Tags: air pollution control, air pollution control equipment, applicati, electrostatic precipitators, flue gas desulfurization, green technology, including service, industrial air pollution, initial capital, korean industry, power plants, stable growth, steel industries, technology opportunities

Beaver Valley Unit 2 Begins Refueling

FirstEnergy Nuclear Operating Company announced its Beaver Valley Power Station Unit 2 in Shippingport, Pa., shut down earlier today for scheduled refueling and maintenance. While the unit is off line, 64 of the 157 fuel assemblies will be replaced and numerous safety inspections will be conducted. In addition, preventative maintenance to ensure continued... 

Tags: consecutive days, davis besse, diversified energy company, electrical generator, fuel assemblies, nuclear operating company, nuclear plants, nuclear power station, perry nuclear power plant, preventative maintenance, safety inspections