Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.70 | -0.70 | -0.50 | -0.35 | -0.20 | -0.12 | +0.00 | +0.10 | +0.15 | +0.20 | +0.25 | +0.13 |
The year opened in the wreckage of the crash with crude near $40, but massive stimulus and Chinese demand roughly doubled prices back toward $79 by December, pulling owners out of despair into recovery.
How this mood is scored ▾
The US House of Representatives passed the American Clean Energy and Security Act, a cap-and-trade bill sponsored by Reps. Waxman and Markey, marking a major step in climate legislation. Key figures including Speaker Pelosi and committee leaders supported the bill, which aims to drive clean energy investment and reduce emissions, potentially reshaping energy markets and influencing future regulatory and corporate strategies.
ExxonMobil is acquiring shale gas leader XTO Energy in an all-stock transaction valued at $41 billion, enhancing its unconventional oil and gas resources. The deal combines XTO's U.S. resource base and expertise with ExxonMobil's global scale and R&D, aiming to boost production and supply. Expected to close in Q2 2010, the acquisition signals a strategic shift toward shale and could influence energy market dynamics.