Oil Trades Near Four-Month Low on Demand Concern at Bloomberg.
“President Obama has gained a second term in which a shale gas and oil boom seems likely to write a new chapter in America’s energy future with or without help from a politically fractured Washington, D.C.” EE News
Exxon Mobil changes its mind on Iraq: “Exxon Mobil has informed the Iraqi government it wants to pull out of a $50 billion oil project, and Baghdad expelled Turkey’s state oil operator from another contract on Wednesday, both signals of trouble in Iraq’s petroleum policy.” Reuters
“Fuel economy of all new vehicles sold in the U.S. is at its highest level ever…New vehicle sales showed a 4-mpg gain from October 2007 to October 2012, an improvement of about 20 percent.” Edmonds
For John: Why Ford is more profitable than GM at Auto News.
Study: Alberta has huge shale resources at Upstream Online.
A Look At North America’s Oil And Gas Plays at Forex Pros.
A steel producer gets into the natural gas business…Nucor and ECA.
A bit old, but Maison Energy Monthly at Energy Talks.