Financial Upheaval and the Energy Industry

Lynne Kiesling One of the consequences of the current financial market upheaval is MidAmerican’s buyout of Constellation Energy. See also the discussion at WSJ’s Environmental Capital of this and other possible consequences for energy industries. Keith Johnson at WSJ also thinks that this move shows an interest on Warren Buffet’s part in nuclear assets. Electricit√© … More Financial Upheaval and the Energy IndustryMore Financial Upheaval and the Energy Industry

Happy 217th Birthday to Michael Faraday!

Lynne Kiesling Without whom, there would be no induction-based generation of electricity, the modern electronic world as we know it would not exist, and I would have to write about something else. Three cheers to the genius of Faraday! And thanks to Wired for noting his birthday. … More Happy 217th Birthday to Michael Faraday!

Today’s Record Nymex Oil Price Jump – Is It a Manipulative Squeeze?

Michael Giberson On the last day of trading for NYMEX’s October contract for crude oil prices jumped a record $16.37/barrel to close at $120.92/barrel. To some observers, the sharp movement on the last day of trading suggests a classic manipulative squeeze. From Bloomberg: “This looks like a squeeze play,” said Phil Flynn, senior trader at … More Today’s Record Nymex Oil Price Jump – Is It a Manipulative Squeeze?More Today’s Record Nymex Oil Price Jump – Is It a Manipulative Squeeze?