Advancing technology has made a lot of the unconventional drilling much more efficient and cost effective. As long as WTI prices stay around $60 or higher, we’re going to keep on drilling and literally squeezing more out of a rock.
On the football stadium itself, there is a lot of debate and no clear answers. Stadiums use pretty efficient lighting, and certainly air conditioning is not likely to be an issue in the dead of winter. So using the low end of estimates, an average stadium might use 10MW of energy for five hours, or roughly 50 MWh for the game.
The U.S. Comex gold futures rose 1.93% last week but fell 2.11% this week to $1,176.60 on Tuesday. The S&P 500 Index rose 0.68% this week while the Euro Stoxx 50 Index surged 4.97% and the crude oil futures jumped 2.35%.
Gold inched down to a one week low as investors hope a Greek debt deal is on the horizon. The yellow metal is seeing speculative liquidations as stock markets surge again and on renewed speculation that Fed interest rate rise could come this year.