By: Josh Greenberger
(May 21, 2008) With the almost daily rise in gasoline prices threatening the lifestyle of every American, the question on many people’s minds is, where will it end?
According to the U.S. General Services Administration (GSA), the average retail price for gasoline in 2002 was $1.35 per gallon and crude oil averaged $24.09 per [...]
By: Bob Obrien
Last year when oil went to $147.00 barrel many people blamed the traders, but this was not the full story at all.
Oil and commodities started to become recognized as a new asset class by a lot of investors, and with all the new creative ETF’s in the world it became really easy for [...]
By: Christopher M. England
In The Ordeal of Change, Eric Hoffer, American philosopher and recipient of the Presidential Medal of Freedom (1983) said “In times of change, learners inherit the Earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists.” Timeless words for rapidly changing times.
Let’s Face It, We’re [...]
By: Klaus H Hemsath
demand for petroleum is increasing. Crude oil prices have topped $135 per barrel. Oil prices have been on a steady climb for a long time. Dwindling OPEC oil reserves and a weak dollar are driving petroleum prices to new heights.The US government has made no serious efforts to develop effective countermeasures. Instead, [...]
By: Bob Jent
Countries across the world rely heavily on oil and its byproducts to create much of the energy that their citizens consume. The availability of gasoline to power vehicles, boats and aircraft in the United States of America is dependent largely upon oil that is imported from other nations, and particularly from members of [...]
By: Klaus H Hemsath
n the US automotive industry is in dire straits. It did not learn from the 1973 energy crisis. It did not learn from the Chrysler experience. It did not learn from Toyota. It continued to depend on old, worn out concepts and on CEO’s that are kept in their positions by nepotism [...]
By: Dominic Mazzone
With economies in complete disarray on a global basis, one of the few bright spots has been the massive correction in oil. It was widely speculated that oil was in a bubble and that speculation turned into a stark reality with oil dropping below 50% off its July 11th high of $147.27. The [...]
By: Money Morning
By Jason SimpkinsAssociate EditorMoney MorningOil prices fell again yesterday (Wednesday) – dropping below $40 for the first time in four years – as weak demand and growing inventories overshadowed a record cut in production by the Organization of Petroleum Exporting Countries (OPEC).Light, sweet crude for January delivery fell $3.54 to settle at $40.06 [...]
By: Peter JonesThere seems to be a surplus of crude oil at the moment. For all of OPEC’s calls for production cuts there is precious little evidence that these calls will translate into serious action.Most of the nation states outside of the Middle East, and many of those within it, desperately need the revenue flows [...]
By: Mervyn Rees
(c) 2008 Mervyn ReesTo start with, the price of fuel has gone sky high! But then I’m pretty sure you will have noticed that with so many factors at play in the recent rocket ship ride of oil prices, far be it for me to offer any more sage analysis than what you [...]
By: Joe
By Jason SimpkinsAssociate EditorMoney MorningSpeculation that oil prices are beginning to bottom helped push crude contracts higher yesterday (Wednesday), as traders closed out short positions and rumors surfaced that both Russia and the Organization of Petroleum Exporting Countries (OPEC) are planning to cut production next week.Light, sweet crude for January delivery rose $1.45, or [...]
By: J.J. Jackson
Hillary Clinton knows no shame in her quest for power. She will say and do just about anything to obtain it. Ok, so the “just about” is wishful thinking. We could only hope that she had such a constraint. The fact is she will, without a doubt, say and do anything to obtain [...]
By: invest-biz.info
According to sources, research by Ovetii of Greece revealed that twenty-one of their 43 analysts surveyed, anticipated that oil prices will fall, making this the least bearish response since Septemper 7. Eighteen of the analysts predicted that prices will rise, the most bullish response since the week ended July 6.According to Ovetii sources, OPEC [...]