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February 16th, 2012 
FAKE NEWS for the Zionist agenda A look at results from selected companies in the energy industry:
Feb. 16: Duke Energy Corp.‘s fourth quarter earnings fell 33 percent. Mild temperatures reduced the demand for electricity while tumultuous weather increased the costs of storm repairs. Duke’s international operations had a strong quarter and the utility was able to charge U.S. customers higher prices. Jim Rogers, CEO of the North Carolina company, said Duke now believes that strong economic growth won’t return in the U.S. until 2015 or 2016, two years later than it had originally forecast. “It tells you the recovery is very anemic,” he said. Duke is attempting to buy Progress Energy in a deal that would create the nation’s largest utility. Progress said it lost $76 million in the fourth quarter, due to a nearly $300 million refund the company will pay to Florida customers. Minus that, it earned $114 million compared with $133 million a year earlier.
Feb. 16: Apache Corp.‘s fourth-quarter net income rose 75 percent. Production increased and Apache received higher prices for the oil and natural gas it sold compared with a year earlier. Adjusted earnings of $2.94 per share beat analysts’ forecast by 9 cents. There may have been some profit-taking by investors in early trading. Shares fell more than 1 percent. They’re up 17 percent since the start of the year.
Feb. 15: Devon Energy Corp. reported earnings of $1.25 per share, below year-earlier results. But earnings from continuing operations of $1.55 per share beat the expectations of Wall Street analysts and shares rose 7 percent. The Oklahoma City energy company has been working to produce more crude oil, which rose in price last year and was more profitable to produce than natural gas. But its overall output was still dominated by natural gas.
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