Option traders are looking for Norfolk Southern to steam ahead in coming months. The NSC September 77.50 calls were bought for $1.90, along with some July 77.50s snapped up for $0.15. OptionMonster’s tracking systems showed that the volume was heavily skewed to the upside, with 9,200 calls traded against fewer than 3,000 puts. Those calls… Keep reading →
Extreme weather and climate change are significant business risks, but businesses are in the dark when it comes to both reliable data and appropriate tools to manage those risks, according to a report from the Center for Climate and Energy Solutions (C2ES). Of companies included in credit rating agency Standard & Poor’s Global 100 Index,… Keep reading →
The US may be at the forefront of the shale revolution, but in a list of countries where above-ground factors are most conducive to oil and gas development, the country lags behind competitors such as Canada and the UK. The Energy Information Administration’s latest report on global shale resources, conducted by Advanced Resources International and… Keep reading →
Australia’s Prime Minister has announced a plan to replace a carbon tax with an emissions-trading scheme in 2014, a year earlier than the initial 2015 timetable. “The move to bring forward the market-based system a full year earlier is expected to quickly produce a sharp drop in the cost of carbon, from a predicted $23.30… Keep reading →
Ron Wyden, Democratic Senator from Oregon and Chairman of the Senate Committee on Energy and Natural Resources, grilled oil market experts today on why US consumers are not benefiting from higher US oil production via lower gasoline prices at the pump. Those experts indicated that whether or not they are aware of it, US consumers… Keep reading →
UK oil major BP made a big splash in 2000 when it changed its name to “Beyond Petroleum” (originally British Petroleum) and changed its logo to a sunburst design that was supposed to represent the company’s greater renewable energy focus. BP has since scaled back some of those efforts, but other firms are pushing ahead… Keep reading →
Go ahead, be cynical. You’ve earned the right to be skeptical about the current U.S. Congress and its ability to get anything done. Even so, a pair of Democratic Congressmen have introduced new smart grid legislation. Although its prospects for passage may be dim, it does give us insight into how Congress currently views the… Keep reading →
Education, not stigmatization Brian Swett knows real estate. As LEED project manager for the large real estate investment trust Boston Properties until last year, Swett helped property owners and managers understand the value of green buildings. And that background is helping him in his latest task as the chief of environment and strategy for the… Keep reading →
Ukraine is trying to throw off the Russian natural gas yolk, and finding some success. The former Soviet satellite is importing gas from Germany – though much of it likely originated in Russia – and neighboring countries via reverse-flow pipelines. Importing fewer volumes of Russian gas directly and newfound supply diversity puts Ukraine in a… Keep reading →
Crude oil is once again showing strength. So what’s behind this sudden demand for the black gold? First of all, we have seen some positive economic numbers come out of Washington. Second, seasonal factors are keeping many oil products in high demand, especially gasoline. If fact, gas demand has increased to more than 9 million… Keep reading →
