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It’s Time to Invest in Coal
By Marin Katusa, Casey Research Energy Team
Coal prices are surging ahead even as most other commodities pull back, spurred on by expectations that metallurgical and thermal coal production will again fail to meet rising global demand this year. The result? Record profits for major coal producers like Xstrata, a surge in acquisitions from coal-hungry India, Chinese electricity shortages, and a raging carbon tax debate in Australia amid record investments in that country’s coal-heavy mining sector. Continue reading
5 Energy markets that will help you thrive in 2011
In today’s short video I’m going to show you some of the markets that I’m looking at in the energy complex. We’re going to be looking at coal, oil, solar and some other large energy companies and ETF’s.
As this is a short video, be sure to check in and watch our webinar this Thursday, January 20th at 4pm EST/9pm GMT. You will need to reserve a spot as tour webinars typically reach capacity quickly.
As always all webinars are free to attend.
Take a look at what we will be covering in the webinar and check out our new portfolio manager which we will be using extensively throughout today’s video. We also have a big surprise which will be announced at the webinar and I have no doubt that you will like.
Today’s video requires no registration and is free to watch: Continue reading
China and India: Still Hungry for Coal
By Marin Katusa, Chief Energy Strategist, Casey Research
One can only hope that the “Don’t shoot the messenger” adage is still popular in the international community.
UK-based consultants M&C Energy Group have become the latest to join the chorus of voices asking the international community to increase the pressure on China and India to switch to cleaner energy sources.
As far as energy analyst David Hunter is concerned, it is the Western businesses that are carrying the financial burden of reducing carbon emissions. China and India, on the other hand, are benefitting from much cheaper energy, and their companies don’t have to bear the costs of reversing the effects of global warming.
Mr Hunter, however, should steel himself for disappointing news. Industry experts are expecting anything but a cut in coal demand for the foreseeable future.
By their analysis, global coal demand – already at a record high – will remain strong even as the recession cuts down on oil and gas use. And the numbers are certainly matching up to these expectations. Continue reading
How Obama’s Policies will Affect Energy Prices
By Marin Katusa, Chief Strategist, Casey Research Energy Team
Casey Energy Opportunities
One might think the United States would be charging hard on energy security as well as border and other kinds of security in its Global War on Terror campaign. Not so. For example, America imports some 12 million barrels of oil per day, yet maintains a Strategic Petroleum Reserve (SPR) whose maximum is 727 million barrels and its inventory is currently lower, 701 million barrels, because the government cut off shipments to it last year in an effort to modulate gasoline prices. [That is just over a 58 day supply-Editor] The math gets even more discouraging when you work in the fact that the SPR’s daily drawdown capacity is only 4.4 million barrels – so America is completely unprepared for any worst-case scenarios, or even the bad-case ones. Continue reading
