Retail Electricity Suppliers Battle Utilities

December 7, 2009
Man in suit and red tie speaking at a microphone.

BY MARK PETERS Consumers looking to take advantage of a sharp drop in U.S. power prices increasingly are turning to new suppliers. The economic downturn, combined with a boom in natural-gas output, has driven wholesale electricity prices sharply lower in the past year, inspiring an increasing number of recession-strapped households to shop around for cheaper […]

Pickens says increasing oil, natural gas exposure

October 6, 2009
White industrial pipes with a red valve against a clear blue sky.

From Reuters: Tue Oct 6, 2009 5:16pm EDT Texas oil tycoon T. Boone Pickens said on Tuesday he has increased his long oil and natural gas position in recent weeks. NEW YORK — “It’s not my personality to be short,” said the billionaire who has made his fortune investing in the oil sector. Oil prices […]

Warmer Winter Could Chill Natural Gas

A city skyline at night with many illuminated buildings and dark areas.

From Forbes: Jesse Bogan, 10.06.09, 05:00 PM EDT Some battered producers are turning optimistic, but a government forecast suggests little near-term upside. HOUSTON — A bump in natural gas prices and lower operating costs are causing some independent exploration and production companies to talk about picking up drilling activity. However, a report from the U.S. […]