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Arctic was a bet that didn't pay off, departing Shell chief says

2016-02-26 14:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The departing chief of Royal Dutch Shell Plcs U.S. division, who presided over its failed quest to find crude in Arctic waters off Alaska, said the effort was still a point of pride because it demonstrated the companys technical expertise. Marvin Odum, 57, is leaving the company in a reorganization announced Wednesday. He has been with the company for 34 years and held the post atop its U.S. division, Shell Oil Co., since oil prices were at record highs. The Arctic was "a big bet," Odum said...

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HTC Vive VR: $800, shipping in April, and another risky bet for gamers

2016-02-22 14:00:38| Extremetech

HTC announced the price tag and features of its new Vive, with plans to ship the devices in April. We still recommend planning to wait and see how the upcoming VR solutions compare against each other before pre-ordering any of them, though.

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Berkshire boosts oil bet with Kinder Morgan stake

2016-02-17 00:13:50| Energy - Topix.net

Feb 16 Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry as prices hover near lows not seen in more than a decade. Berkshire owned about 26.53 million Kinder Morgan shares worth roughly $395.9 million at year end, according to a U.S. Securities and Exchange Commission filing detailing its stock investments.

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Berkshire boosts oil bet with Kinder Morgan stake

2016-02-16 23:34:15| Oil & Gas - Topix.net

Feb 16 Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry as prices hover near lows not seen in more than a decade. Berkshire owned about 26.53 million Kinder Morgan shares worth roughly $395.9 million at year end, according to a U.S. Securities and Exchange Commission filing detailing its stock investments.

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Oil Speculators Shrug Off Huge Stockpiles to Bet on Price Climb

2016-02-16 04:12:26| Oil & Gas - Topix.net

Oil stockpiles at an 86-year high and warnings of a persistent glut weren't enough to keep money managers from betting that prices are ready for a rebound. Speculators' long positions in West Texas Intermediate crude climbed to the highest since June as oil sank toward a 12- year low, according to U.S. Commodity Futures Trading Commission data.

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