China Set to Surpass US as Top Importer of Oil
The oil cartel OPEC says that China could overtake the U.S. as the biggest importer of oil in the world as soon as next year. The reason: a boom in shale oil production.
The oil cartel OPEC says that China could overtake the U.S. as the biggest importer of oil in the world as soon as next year. The reason: a boom in shale oil production.
After five rough years, we could be on the cusp of a new economic boom. Not like the mid-1980s or late 1990s, mind you. But the odds that the next five years will be markedly better than the last five years are good, and growing better by the day.
Right now, with the spread of fracking technology, America is in the midst of a natural gas boom that is keeping prices for the fuel low. But according to a key strategist at Chevron, the era of an abundance of cheap natural gas in the U.S. will be short-lived.
Bonds yields are so low you're paying to lose money. Interest rates can't keep up with inflation. And stocks are volatile and risky. So where can you go for safe, strong returns? Meet the Master Limited Partnership, an investment vehicle that's beating the markets for those in the know.
A new paper from Yale is drawing attention to exactly how much even a small shift toward natural gas would save consumers. And it has the potential to spark a major change in America's energy business.
Republican lawmakers are alleging that the EPA's new greenhouse gas regulations would kill the U.S. coal industry by making it too expensive to build new coal-fueled power plants. But even if that's true, how will it impact you?
Gas prices dropped at a pretty good clip in the latter half of 2011 -- down around 20% to about $3.25. Hope you enjoyed it while it lasted, because gas is back on the rise. It's near $3.50 now, and the key trends all signal that it'll keep going higher.
Feeling the earth move under one's feet can be unsettling, even in places where it's a natural and fairly common occurrence. But far more disconcerting is when major tremors in places unaccustomed to earthquakes can be traced to human causes like fracking.
Last week, President Obama outlined a new energy policy that aims to reduce America's dependence on foreign oil. How can patient investors capitalize on his vision?
Oil giant Royal Dutch Shell is making a major diversification play, buying up most of East Resources, one of the largest independent natural gas companies in the Eastern U.S.









