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... 

Court Rulings Favor HEI Resources in Colorado Securities Lawsuit

Springs-based HEI Resources Inc. and Charles Reed Cagle, founder of the oil and gas exploration company, are announcing several favorable rulings issued by a Colorado state district court as part of an ongoing lawsuit filed by Colorado Securities Commissioner Fred J. Joseph. The rulings handed down by the 2nd Judicial District Court in Denver were... 

Whiting Petroleum Corporation Elects James T. Brown President and COO

Whiting Petroleum Corporation today announced that its Board of Directors elected James T. Brown President and Chief Operating Officer of Whiting Petroleum Corporation, effective January 1, 2011. Mr. Brown joined Whiting Petroleum Corporation in May 1993 as a consulting engineer, became Operations Manager in 1999, was elected Vice President of Operations... 

Obama Stimulus Package to Include $25 Billion for Renewable Energy

Congressional leaders together with Barack Obama’s new Cabinet are planning a $25 Billion stimulus package in order to meet the President-elect’s goal of doubling renewable energy production in the next three years, according to a report in Sunday’s Washington Post. President-elect Obama’s Cabinet favors an $8.6 billion extension... 

WorldWater & Solar Technologies Completes Solar Installation at Valley Center Municipal Water District

WorldWater & Solar Technologies Corp., developer and marketer of proprietary high-horsepower solar systems, announced that it has completed installation of a 1.1 MW solar power system for the Valley Center Municipal Water District (VCMWD) of Valley Center, California. The system, which was financed and will be owned, operated, and maintained by... 

Amiworld Announces Appointment of New Independent Auditor

Amiworld, Inc., an international energy company engaged in the production and distribution of diversified fuel products and services with a focus on emerging global economies, announced that it has engaged Stark Winter Schenkein & Co., LLP, a Denver-based firm as its new independent registered public accounting firm to perform Amiworld’s annual... 

U.S. Energy Corp. Announces Investment in Geothermal Entity

U.S. Energy Corp. announced that it has invested $3.445 million in Standard Steam Trust LLC, a private geothermal exploration and development company based in Denver, Colorado. Current capitalization of SST (with other partners) is $13.8 million (25% USE), which now includes approximately 60,000 acres of BLM, state and fee leases in seven prospect areas... 

NxtGen Emission Controls Inc. Announces the Close of a $15.4 Million USD Series ‘B’ Investment Led by Altira

NxtGen Emission Controls Inc. announced the closing of a $15.4 million USD Series B investment led by Altira Group LLC. NxtGen is an emerging leader in syngas technology for diesel engine combustion optimization. NxtGen’s technology is making existing and new engines cleaner to meet global emission reduction regulations. It provides a platform... 

Altira Demonstrates Its Commitment to Helping Meet Global Energy Demand by Investing in the Industry’s Leading Energy Recovery and Emission Control Provider

Altira Group LLC, a pioneer and leader in venture capital and private equity funding for energy technology companies, today announced a seven Million dollar investment in Eco Power Solutions (Eco Power), of Quincy, MA. Altira’s investment in Eco Power was made from its Altira Technology Fund V — a $176 Million fund focused on venture capital... 

Pure Power Named ‘Most Successful’ New Green Power Program

The United States Department of Energy (DOE) has named UE’s Pure Power(TM) program the “most successful” New Green Power Program of the year, company officials report. DOE along with the U.S. Environmental Protection Agency and the Center for Resource Solutions are honoring 25 leading corporations, renewable energy suppliers and industry...