Natural gas production in the U.S is setting new records annually. Times of surging prices because of shortages are a thing of the past and talk now is about how much of the natural resource should be exported. Just a couple of years ago, exporting would have been unthinkable as demand far exceed supply, but today the exporting of liquefied natural gas is thought of as a means for help the country’s trade lessen the... 

One of the Oil Industry’s highest paid executives in the U.S. was pushed out of his job this week. Occidental Petroleum Corp investors forced Ray Irani the Executive Chairman out. Company investors voted overwhelmingly to have Irani removed with more than 76% of the votes opposing re-election at the company’s annual meeting. Irani, who is 78, was forced two years ago to step aside as the Los Angeles-based company’s... 

Caterpillar, Inc. the largest maker of construction and mining equipment in the world reported its sales and earnings for the first quarter on Monday. The company’s results fell short of estimates by Wall Street, as orders slowed down from mining companies. Caterpillar’s net income dropped to just below $880 million, which was equivalent to $1.31 per share. Last year during the same quarter, income was $1.59 billion... 

General Electric fell Friday morning even if its earnings and revenue were equal to Wall Street’s expectations. The drop was attributed to the concerns about Europe. Chairman and CEO Jeff Immelt said that GE planned for a challenging environment across the Atlantic but the situations proved to be weaker than expected with industrial revenues dropping by 17 percent and had a negative impact on its bottom line. Stocks ... 

General Electric, the largest industrial conglomerate by market capitalization in the U.S. announced its profits had increased by 14% during the first quarter of 2013. That increase was obtained even though the company’s results in Europe ended the quarter with worse numbers that originally anticipated. GE’s earnings equaled 35 cents a share, which was an increase of 17% and in line with Wall Street expectations. GE... 

On Monday, General Electric agreed to purchase Lufkin Industries, Inc. for $3.3 billion, adding technologies for the gas and oil industry as Jeffrey Immelt, the GE CEO increases his bet on energy. Shareholders of Lufkin will be paid $88.50 in cash for each share. The deal is scheduled to close during the second half of the year, said GE in a prepared statement. The price of $88.50 is a premium of 38% over the closing price...