Foreign direct investment (FDI) in the domestic petroleum and natural gas industry rose at an astonishing rate of nearly 80% to $93 billion in 2000, outpacing the rate of growth of U.S. producers’ investments overseas for the first time in a decade.
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EIA: Foreign Investment in U.S. Oil, Gas Grew 80% in 2000, but Has Tapered Off
Foreign direct investment (FDI) in the domestic petroleum and natural gas industry rose at an astonishing rate of nearly 80% to $93 billion in 2000, outpacing the rate of growth of U.S. producers’ investments overseas for the first time in a decade.
August 13, 2002
On Constructive Technicals, Futures Race Toward $3.50
Natural gas futures continued its astonishing rally yesterday as fund and local traders used Friday’s strong close as a springboard to a gap-higher open. Bears only hope came in the form of a weak mid-morning sell-off. But when that weakness failed to fill in the chart gap down to $3.08, bulls were quick to bid the market right back up. The April contract closed at $3.305, up 22.9 cents for the session and just below the contract’s four-and-a-half-month high notched Oct. 31 at $3.32.
March 19, 2002
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