A Joint Venture in Colombia That May Never Make Any Money Late last year BHP Billiton—along with Glencore and Anglo American Plc, its two joint venture partners in the Cerrejón coal mine in Colombia—completed a $1.3 billion expansion project to supply an additional eight million tons of thermal coal a year to global markets. It… Keep reading →
Analysts and economists are trying to figure out how falling oil prices impact various economic sectors. Many 401ks and pension funds invest in oil companies, but as long as funds are diversified they should not be hit too badly by the oil price decline. “But this is precisely why investment advisers tell us to diversify,… Keep reading →
Oil theft in Nigeria caused Shell to recently declare force majeure on its Forcados crude grade and continued sabotage could decrease May exports to the lowest levels in five years, which would make Angola the largest African oil exporter by volume. [Sweet Crude Reports] The long-awaited EPA rule to restrict carbon emissions from existing power… Keep reading →
