The most striking thing about Dr. Chu’s comments was just how little he mentioned oil, coal, natural gas and nuclear power. The secretary highlighted the fact that Americans are heavily dependant on oil imports, and how expensive those imports are. He also showed an interesting chart that highlighted the correlation between US recessions and spikes in the price of oil. Read More

Despite the steady drumbeat of bad news on the economy and oil and natural gas demand, I’m turning more bullish on energy commodities and related stocks. In fact, I’m more bullish on the sector now than I’ve been since last summer. Read More

The refinery, located roughly 25 miles outside San Francisco, covers nearly 3,000 acres. In fact, Richmond is the largest refinery in the San Francisco Bay Area, with total throughput capacity of 240,000 barrels of oil per day and is Chevron’s third-largest wholly owned facility. It’s also among the oldest in the country--it opened more than a century ago, in 1902. Read More