Miller Energy Resources faces a potentially painful class action lawsuit, but the East Tennessee oil and gas company is doing the best it can to generate positive headlines.
The exploration and production company said Wednesday that it shipped 46,882 barrels of oil in August, up 44 percent from the monthly average for the quarter ended July 31.
The August shipments are a company record, said David Hall, CEO of Miller’s Alaskan subsidiary, Cook Inlet Energy.
East Tennessee oil and gas company Miller Energy Resources was blasted again today by the investigative website TheStreetSweeper.
StreetSweeper provides details about Miller’s “tardy annual report” and “premature”audit opinion from KPMG.
The website quotes law professor and New York Times blogger Peter J. Hennnig, who suggests that the Securities and Exchange Commission may take a close look at the company.
Just got back from a few days in San Francisco visiting my daughter, Julia. Beautiful weather, lots of fun and too much rich food. But glad to be home and not paying California gasoline prices.
Even though Knoxville pump prices are high — today’s average for a gallon of regular unleaded is about $3.65, up more than a $1 gallon from this time last year — I saw prices as high as $4.29 in San Francisco over the weekend.
High fuel prices are a matter of perspective, but four bucks a gallon is high no matter where you live. Which probably explains the large number of hybrids on SF streets.
Photos: (right) View from a cave at Sutro Baths ruins, San Francisco Bay; (left) Coastal Redwoods in Muir Woods, north of San Francisco.
As oil prices have soared in recent weeks, so have retail gasoline prices. But what about biofuel prices? Why is the cost of crop-based fuel going up just as fast as regular gas?
A thoughtful reader recently asked me about the pricing of E85, a biofuel that contains 85 percent ethanol, which is made from corn, and 15 percent gasoline; and is available locally at various gas stations.
Here’s the reader’s question and an answer from a University of Tennessee expert.