Money Matters - Simplified

warning: Creating default object from empty value in /home/themoney/public_html/modules/taxonomy/taxonomy.pages.inc on line 33.

Energy

Crude oil prices slide under $85

New York-- Crude oil prices lost ground Tuesday on the New York Mercantile Exchange, dropping under $85 per barrel despite a stronger U.S. dollar.

Oil traders are balancing out concerns of diminished expectations for growth in Europe given the ongoing debt crisis that resulted in a financial bailout for Ireland this week and indications that China is considering policy adjustments to slow inflation.

The European Commission said Monday that growth in Europe was expected to be "muted" through 2012 with the gross domestic product gaining 1.75 percent in 2011 and 2 percent in 2012.

Crude oil prices hold under $84

New York -- Crude oil prices held steady under $84 per barrel Monday on the New York Mercantile Exchange.

January delivery crude oil in New York added only 7 cents from Friday to $83.77. Heating oil prices gained 0.69 cent to $2.3399 per gallon.

Reformulated blendstock gasoline added 1.48 cent to $2.1732 per gallon.

Henry Hub natural gas prices shed 1.2 cent to $4.387 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $2.857 per gallon from Sunday's $2.86, AAA said.

Copyright 2010 United Press International

BP sells Argentina oil venture to Bridas

New York -- British oil producer BP is selling its majority stake in Pan American Energy to Bridas for $7.1 billion in cash, the companies announced Sunday.

Pan American Energy is one of the largest energy companies in Argentina, and the sale will bolster the fund BP is using to pay off damages caused by the well blowout in the Gulf of Mexico earlier this year, The New York Times said.

The transaction did not include PAE's holdings in Bolivia.

Workouts shed pounds, add wattage

Portland -- The calories burned by exercisers are not going to waste at a new breed of "green gyms."

At the Green Microgym in Portland, Ore., the stationary bikes and elliptical machines recapture the energy patrons create while pedaling, convert it into electricity and channel it back into power outlets, Time magazine reports.

An average workout there generates 37.5 watt hours, which owner Adam Boesel says can power a phone for a week. The gym does not yet produce enough electricity to be carbon-neutral, but if all the equipment is being used at once, it can produce 10 times the amount needed to run the facility at any given moment.

Is SunPower a Buy?

 Analysts and investors have beaten down the solar sector down over the past few weeks as uncertainty about 2011 enters the market. So it’s time we look to see whether investors have gone too far, leaving us with a Black Friday sale. I've picked SunPower (Nasdaq: SPWRA) for today's price check because it's a solar leader and has been on my value radar for some time.

 

Crude oil prices slide Friday

New York -- Crude oil prices slid modestly through the Thanksgiving holiday in New York, falling to under $84 per barrel Friday.

Prices have taken their cue from stock markets in the past week. Stocks in Asia and Europe were down Friday. Oil prices followed suit.

January delivery light, sweet crude oil on the New York Mercantile Exchange gave up 39 cents to $83.47. Heating oil prices lost 1.1 cents to $2.3308 per gallon. Reformulated blendstock gasoline slid 0.62 cents to $2.1556 per gallon.

Henry Hub natural gas prices added 5.1 cents to $4.439 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $2.863 per gallon from Thursday's $2.865, AAA said.

What Shorts Might Be Watching at Yingli Green Energy

 There's no foolproof way to know the future for Yingli Green Energy (NYSE: YGE) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. Rest assured: Even if you're not monitoring these metrics, short-sellers are.

 

Should You Sell InterOil Right Now?

 Should you sell InterOil (NYSE: IOC) today? The decision to sell a stock you've researched and followed for months or years is never easy. But if you fall in love with your stock holdings, you risk becoming vulnerable to confirmation bias -- listening only to information that supports your theories, and rejecting any contradictions.

 

Oil prices hold under $82

New York -- Crude oil prices in New York held under $82 per barrel Wednesday after the Commerce Department said durable goods orders fell 3.3 percent in October.

Traders are also waiting for a weekly inventory report due Wednesday afternoon. Inventories have dropped two weeks in a row, falling by 10.6 million barrels. Some may be betting it is time for a rebound.

January delivery light, sweet crude oil on the New York Mercantile Exchange added 25 cents from a prior settlement to $81.50 Wednesday morning. Heating oil prices gained 1.52 cents to $2.2821 per gallon.

Reformulated blendstock gasoline rose 1.14 cents to $2.0982 per gallon.

Henry Hub natural gas prices lost 6.1 cents to $4.354 per million British thermal units.

Tidal energy continues to entice

Los Angeles -- Tapping the Earth's ocean tides for affordable, renewable energy could ultimately meet 10 percent of America's electricity needs, advocates say.

While widespread use may be years off, supporters say tides and other hydrokinetic systems, from ocean waves to free-flowing rivers, could eventually provide more electricity than hydropower dams now supply, the Los Angeles Times reported Monday.

Last month a company called Ocean Power Technologies connected a small test buoy in the swells off Oahu to the power grid that serves the Marine Corps Base Hawaii, a first for a wave energy device in U.S. waters.