_Economy and Finance

The Key is good speed, not great haste. - Victor Gao (高志凯), Sep 10, 2013

Texas Refinery Is Saudi Foothold in U.S. Market Published: Friday, 5 Apr 2013 | 9:21 AM ET By: By Clifford Krauss PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin. But right in the middle of town stands a strategic outpost for Saudi Arabia's global ambitions, although one that the Saudis appear loath to publicize. http://www.cnbc.com/id/100618028

US Hears Footsteps of Global Challengers in NatGas Boom Published: Thursday, 4 Apr 2013 | 2:15 PM ET By: Javier E. David Special to CNBC.com The United States, currently one of the world's largest sources of natural gas, may find itself fending off increasingly stiff competition in the resource's development, as the move to tap natural gas supplies goes global. http://www.cnbc.com/id/100617228

'Dr. Copper' Has Raised Doubts About Recovery Published: Tuesday, 12 Mar 2013 | 1:24 PM ET By: Jeff Cox CNBC.com Senior Writer Both the stock market rally and economic recovery are missing what historically has been a key element - a house call from "Dr. Copper." http://www.cnbc.com/id/100546529

Oil and gas industry facing ‘a roller-coaster ride’ JOSH O’KANE The Globe and Mail Thursday, Feb. 21 2013, 6:00 AM EST Canada is home to the world’s third-largest proven oil reserves and is the sixth-largest producer of oil. But global economic conditions are pressuring fuel prices worldwide, and Canada’s oil and gas sector has the added frustration of a deficit in infrastructure that, among other things, is driving the price of western Canadian oil down by nearly $25 from benchmark West Texas Intermediate crude. http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-and-gas-industry-facing-a-roller-coaster-ride/article8900814/

http://www.cnbc.com/id/100413394 UPDATE 1-Shell, Kinder plan to export natgas from United States Published: Monday, 28 Jan 2013 | 2:38 PM ET By: Jeanine Prezioso * LNG exports planned from Elba Island near Savannah, Georgia * LNG cargoes fetch as much as $18/mmBtu, US price below $4 * Exports have US DOE approval but project under review

13 Dec 2012 10:18 AM US Shale Not a Threat to Stable EMEA Oil and Gas Outlook Link to Fitch Ratings' Report: 2013 Outlook: EMEA Oil and Gas Fitch Ratings-London-13 December 2012: Cheap US shale gas is not a material threat to the EMEA oil and gas sector in 2013, Fitch Ratings says. A lack of US export infrastructure, a political desire for the US to be self-sufficient in gas, and the prevalence of long-term oil-based gas supply contracts in Europe all suggest at worst modest downward pressure on European prices in the short to medium term.