In Texas these days, there’s a feeling of absolute and unwavering confidence in the concept of an American energy revolution. From the depths of reserves to the richness of the energy, an incredible transformation is taking place.
Oil prices fluctuated yesterday on lots of news and lots of supply. An earthquake in Iran gave oil a pop, but after the close the American Petroleum Institute reported a whopping 5.1 million build in crude oil supply.
Did you hear about the coal wars? Well they are running hot and heavy and up until recently, the long dominant cheap fuel coal had suddenly begun to lose its low price dominance to the up and coming cheap fuel, natural gas.