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Is the Election Threatening America's Energy Future?


Plus, have Exxon Mobil's shares peaked?

This column highlights the most interesting and useful business and financial commentary on energy from around the Web.

Link: American Politics Threatens Energy Future
"It appears that America's energy security, and by extension its national security, will worsen in the short term. Blame it on the decades old political game of empty promises, both Democrat and Republican. Energy has become an unfortunate ideological slogan trumping its enormously important role in a society and economy such as the United States.

"It's disappointing that in this juncture of sluggish economic growth and high oil prices President Barack Obama and his challenger Gov. Mitt Romney insist on promising panaceas to improve America's energy future."

Seeking Alpha
Link: Have Exxon Mobil's Shares Peaked?
"Writing about Exxon Mobil (NYSE:XOM) poses a challenge to the writer. The company is so widely followed that it is difficult, if not impossible, to offer a new and different insight that would satisfy readers. With this understanding, I will take the chance and offer an opinion.

"Exxon Mobil is the very definition of the huge company. Revenues in 2011 were $486.4 billion and net income was $45 billion. Exxon Mobil manufacturers and markets just about every raw material that can be derived from petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. Its operations are global in scope. Exxon Mobil is a fully integrated energy company with operations involving exploration and production of crude oil and natural gas."
Link: Chesapeake Continues to Divest - Analyst Blog
"Natural gas giant Chesapeake Energy Corporation (NYSE:CHK) has inked a deal to sell certain assets in western Oklahoma, as it tries to narrow cash-flow shortfall while shifting gears to oil-directed drilling from natural gas.

"Oklahoma City-based Chesapeake said it plans to divest more than 28,000 net acres in the West Turkey Creek Granite Wash and Hogshooter Wash areas. The to-be sold assets comprise 117 wells that generate $3.2 million a month in net operating cash flow."

Yahoo News
Link: Gasoline Fuels Inflation, but Fed Policy Seen Steady
"US consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers' spending power although inflation pressures look unlikely to derail the Federal Reserve's ultra-easy policy path.

"The Consumer Price Index increased 0.6 percent last month, in line with analysts' expectations and matching August's reading, data from the Labor Department showed on Tuesday."

The Oil Drum
Link: Tech Talk - Iran As an Exporter of Natural Gas
"There has been much talk in the current presidential debates about possible changes in US energy policy, with Governor Romney suggesting that more federal land be opened for prospecting for oil. Historically, one of the regions included in such lists is the National Petroleum Reserve in Alaska. And, perhaps anticipating the debate, the current administration has already recently moved toward opening those territories up for development."
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