This is a bet. A bet that the third time is a charm. Interoil (IOC) has found gas, a lot of gas, in Papua New Guinea. The question is, is it enough gas (multiple TCF) to justify an LNG facility. The company thinks so. As does their banker Merrill Lynch and an analyst at Piper […]
Commodity Watch: Crude Oil rallied $0.28 to $90.99 reversing a big, broad market related decline early in the morning. OPEC meets on Thursday– and they appear to be dead set against increasing production levels. Analysts and traders came out of the woodwork early in the day pointing to lower crude but by about noon it […]
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