Posts tagged as:

XES

When an oil rig exploded and collapsed in the Gulf of Mexico last month, few imagined that the fallout from the disaster would still be making headlines nearly five weeks later. But the explosion spawned one of the worst environmental disasters in U.S. history, and resolving the situation has been a daunting challenge for all parties involved. BP, the British oil giant that has accepted responsibility for the leak, has attempted a variety of maneuvers to stop the flow of oil; all have had limited success. [click to continue…]

{ Comments on this entry are closed }

Obama Opens Offshore Drilling; Oil ETFs Soar

by Eric Dutram on March 31, 2010

Earlier today, President Obama announced that he is lifting bans on offshore drilling and oil and gas exploration off the Virginia coast, move likely to renew a heated debate between environmental groups and Big Oil. Obama also announced that he will be expanding lease sales for oil and gas exploration on the Atlantic seaboard. The plan, which will impact offshore exploration through 2017, includes the lease sale of a tract of Atlantic waters 50 miles off the Virginia coast and plans for new seismic studies along south- and mid-Atlantic states that could help pinpoint pockets of oil and gas. That research would guide future drilling decisions on the Atlantic seaboard. [click to continue…]

{ Comments on this entry are closed }

The Definitive Oil ETF Guide: List of Oil ETFs and More

by Andy H on October 22, 2009

Direct investment in crude oil products used to be limited to major financial institutions and oil companies themselves, but the development of the ETF industry in the U.S. has democratized the investment process in many ways, including making investments in various oil products accessible to average investors. There are a number of exchange-traded products that [...]

{ Comments on this entry are closed }