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Opinion

Hedge funds turn unusually bearish on oil: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds and other money managers have rarely been so bearish about the outlook for oil prices, according to the latest positioning data from the U.S. Commodity Futures Trading Commission. Hedge funds boosted short positions in futures and options linked to the price of U.S. ...

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Editorial: Time to protect Great Lakes from oil spill is now

An oil pipeline running through the Straits of Mackinac should be shut down. On this point, most parties now agree — except, we presume, Enbridge Energy Partners, the Canadian company that owns and operates the pipeline. In this conflict, the cause has found a champion in state Attorney General Bill Schuette, who deserves praise for his efforts to shed light ...

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Opinion: Don’t like the Iran deal? What’s the alternative?

The nuclear agreement the U.S. and its allies concluded with Iran on Tuesday isn’t perfect; diplomatic compromises rarely are. The deal allows Iran to continue enriching uranium within limits, but the limits begin to phase out after 10 years. It lifts the international arms embargo on Iran after five years. And it relies heavily on inspections by the International Atomic ...

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Opinion: A Gold Rush forecast but no gold

In 2011, the federal Energy Information Administration produced a report that seemed to indicate that in California the year 1849 was about to come around again. Another Gold Rush might be on its way. The agency estimated there were 15.4 billion barrels of potentially recoverable oil in California’s Monterey Formation, and that triggered Gold Rush-like activity. Oil companies began buying ...

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Iran needs time and favorable conditions to boost oil output: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Iran has big ambitions to increase oil and gas production once sanctions are lifted but a substantial increase in exports is probably years away. The country has the world’s fourth-largest proved reserves of crude oil (behind Venezuela, Saudi Arabia and Canada) and the largest proved ...

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Editorial: NM’s big-time power play

The road from Artesia to Hobbs — which cuts through the bustling oil-producing town of Loco Hills — is as crowded and active now as before world oil prices began to plummet last fall. And more oil- and gas-related facilities are planned or under way, such as a massive center in Jal to transfer sand from rail cars to the ...

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Editorial: Don’t squander oil spill settlement funds

Horrible things happened on April 20, 2010, deep in the Gulf of Mexico. International oil giant BP made huge blunders that led to a catastrophic and deadly failure we now know as the Deepwater Horizon Macondo oil drilling disaster. Last week, the company agreed to an approximately $19 billion settlement with Southern states whose shorelines were affected by the spill. ...

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Editorial: Activists should target Big Marijuana

Some see it as a blessing, others a curse. Either way, environmental activists are vigilant in Colorado Springs and up and down the Front Range. Big Marijuana should be in their sites. The most dedicated environmentalists take to the streets to protest fracking, opposing more production of natural gas and oil. They ask consumers to use less energy. They advocate ...

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Editorial: The Keystone XL pipeline: No surrender

The Keystone XL oil pipeline is back in the news as the State Department completes its final review of the Canada-to-Texas project and the company behind it urges approval by the Obama administration. When last we visited this no-brainer for economic growth and increased energy independence, President Obama vetoed legislation to approve Keystone, saying he objected to Congress’ “interference,” before ...

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Oil prices tumble: noise or fundamentals? Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Brent futures prices tumbled more than 6 percent on Monday, a highly unusual move that has raised questions about whether shifting fundamentals will send the market even lower over the coming months. Over the last month, front-month prices have dropped 17 percent, breaking out of ...

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