Energy Earnings Set To Ease, But Oilfield Services Remain Strong

The energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records right, left and center. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) and Shell (NYSE: SHEL) together brought in $ 46 billion in earnings in the second quarter, with all three setting new records for quarterly earnings. Overall, high commodity … Read more

Why Europe Won’t Exploit Its Huge Gas Reserves

As energy prices continue to soar across Europe, with gas prices surging 26% on Monday after Russia stopped pumping via Nord Stream 1, the highly contentious fracking debate is now re-emerging on the continent, led by a new British prime minister with fossil fuels on her mind. The European Union – which no longer includes … Read more