News 

US coal exports are surging under Trump. Here’s why it probably won’t last

“U.S. coal exports are rising this year, giving the fossil-fuel friendly Trump administration reason to cheer, but analysts believe the good times won’t last” writes unknown author for cnbc.com. Coal exports were up 58 percent in the first quarter from the same period last year, but analysts say the long-term trend is down.Straddling Asia and Europe, Russia exported about four times as much thermal coal as the United States shipped in 2014. American miners essentially mop up the remaining demand for thermal coal, though they do steady business with some…

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News Oil 

The energy sector has tumbled 16 percent this year — is it time to buy?

“The energy sector was the only negative sector in the session (and one of two negative for the year, along with telecommunications)” writes Richard Bord for cnbc.com. More pain is ahead for this year’s worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower.Between now and Halloween, he said, oil demand in the U.S. will likely decline by between 800,000 and 1.3 million barrels per day.”Certainly, the fundamentals are pointing toward lower oil prices.Some individual energy names still have decent dividend yields, Gilbert said, and have…

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News Stocks 

This fund manager finds contrarian bargains among ‘smidcaps’

“But first, does it even make sense to think that smidcap stocks can make a comeback?” writes Michael Brush for marketwatch.com. Lockridge’s fund is overweight consumer-oriented names, energy, and the basics like industrials and materials.But smidcap stocks have a higher projected annual earnings growth rate — 12.6% compared to 11%. “That alone should start attracting interest in the small caps,” says Lockridge. Source: marketwatch.com Share This:

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News Oil 

Fog lifting for Maersk as CEO gives upbeat shipping forecast

“Skou announced plans last September for Maersk to focus on transport, while seeking alliances or a separate listing for its energy division, which includes Maersk Oil” writes unknown author for cnbc.com. Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years due to lackluster global trade and a glut of available ships for hire. Source: cnbc.com Share This:

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AUD News 

South Australia to Build an Enormous Solar Thermal Plant

“This announcement follows on the heels of a similar proposal to build a solar thermal plant in Tunisia that could generate 4 gigawatts for Europe” writes unknown author for popularmechanics.com. When most people think of solar power, they may picture solar panels like the kind that are increasingly seen on rooftops.Recently, the government of South Australia made a deal with Elon Musk to build the world’s largest battery storage facility, and now they’re planning to construct a gigantic solar thermal plant outside the city of Port Augusta.But solar thermal power…

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News Oil 

Energy Department to sell 14 million barrels from Strategic Petroleum Reserve

“The Cures Act requires the Energy Department to sell 25 million barrels of crude oil over three consecutive years” writes Josh Siegel for washingtonexaminer.com. The Department of Energy plans to sell 14 million barrels of the nation’s 40-year-old crude oil reserve this month as a way to bring in revenue to the Treasury.Under the Bipartisan Budget Act of 2015, the Energy Department is directed to sell a total of 58 million barrels of crude oil from the reserve fund, over eight consecutive years. Source: washingtonexaminer.com Share This:

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News 

Perry leaving Energy Department? His remarks to staff say otherwise

“But from his public remarks Tuesday, Perry seems to have found the national security piece of the puzzle at the Energy Department” writes John Siciliano for washingtonexaminer.com. “It’s not just the things that you see every day, it’s the safety and security of the world that you’re working on,” Perry told staff. Source: washingtonexaminer.com Share This:

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Major aviation business to be powered by renewable energy from 2018

“The Royal Schiphol Group has announced that all of its business units are set to run on sustainable power from the beginning of 2018” writes Anmar Frangoul for cnbc.com. Central government wants to slash greenhouse gas emissions to zero by 2050 and, in the shorter term, wants to switch to 16 percent sustainable energy by 2023.The clean energy will supply Amsterdam Airport Schiphol, Rotterdam The Hague Airport, Eindhoven Airport and Lelystad Airport and amount to 220 gigawatt hours annually for the next 15 years.From 2020, all of the power will…

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News Oil 

Oil prices settle at lowest level in three weeks

“Oil prices settled Monday at their lowest level in three weeks, pressured by concerns over growing production from OPEC members and U.S. shale-oil producers” writes Markets Commodities Reporter for marketwatch.com. Separate reports from the Organization of the Petroleum Exporting Countries and the International Energy Agency last week showed a monthly rise in crude output from OPEC members.A report issued Monday from the Energy Information Administration also revealed expectations for a 117,000-barrel rise in next month’s U.S. shale-oil production. September West Texas Intermediate crude CLU7, -2.60% fell $1.23, or 2.5%, to…

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News 

JANA’s Barry Rosenstein renews attack on EQT-Rice Energy deal

“Rosenstein, founder and managing partner at JANA Partners, has come out against the $6.7 billion deal, which would create the nation’s largest natural gas producer” writes Adam Jeffery for cnbc.com. Earlier this year, he said the deal would cost more than the savings EQT would achieve by combining its exploration and production and pipelines businesses with Rice’s operations. “EQT’s perverse compensation structure in fact incentivizes management to pursue this suboptimal, dilutive acquisition, no matter the cost to EQT shareholders,” Rosenstein wrote in a letter to EQT’s board of directors filed…

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