Monday, July 28th, 2008
If you've been wondering whether Big Oil is making huge profits off of record crude oil prices, wonder no more. Of course they are. This week reports are expected to come in from the five major publicly traded oil companies and all indications are they had a great ...
Posted in Stock Highlight | Comments Off
Thursday, July 24th, 2008
So far Oil hasn't been able to muster enough steam to return to record levels. The reason? Commodity traders are fearful that demand has slipped in the giant U.S. market. In the last four weeks alone, American drivers have cut another 2.4% of their gas usage from ...
Posted in Futures and Commodities | Comments Off
Wednesday, July 9th, 2008
Oil price reversed a two day decline as "supply worries" re-appeared on the scene. What prompted those worries? Iranian missile tests that seem to indicate Iran has enough military clout to attack one of their neighbors. Accompanying the missiles was the required saber rattling rhetorhic the Islamic ...
Posted in Business | Comments Off
Thursday, July 3rd, 2008
The pain at the pump is becoming chronic, and there doesn't appear to be any end in sight for motorists. Gas is now being sold nationally at around $4.10 a gallon, just in time for the Fourth of July weekend. At this stage of the game, crude oil ...
Posted in World Economy | Comments Off
Monday, June 23rd, 2008
Michael Masters of Masters Capital Management testified before congress today that oil speculators are playing a great role in the high cost of crude oil. According to the testimony by Masters to the House Energy and Commerce Committee, crude prices could quickly drop from $135 per gallon to ...
Posted in Futures and Commodities | Comments Off
Monday, June 23rd, 2008
Obvious problems facing our nation are the high cost of transportation fuel, and global warming due to excess pollution, largely due to gas engines. These problems can be tackled by the American people, according to Republican Presidential candidate John McCain.
"In the quest for alternatives to oil, our ...
Posted in World Economy | Comments Off
Sunday, June 22nd, 2008
OPEC and world leaders are at a meeting in Saudi Arabia to discuss the underlying causes of skyrocketing oil costs. The high price of gas has stalled the world's largest economies, and is sending fear through the investment world.
Saudi Arabian officials warn that there will likely be ...
Posted in World Economy | Comments Off
Saturday, June 21st, 2008
Everyone is talking about sky high global oil prices. Now even the leaders of OPEC are having a discussion about the subject. Sauid Arabia, the world's largest oil producer, has been pushing OPEC member nations to increase their output. Not everyone thinks that's such a great idea. ...
Posted in World Economy | Comments Off
Tuesday, June 17th, 2008
Since oil prices effect basically everything else, it's easy for investors to become depressed about the prospects for growth on Wall Street. Growth is the drug that fuels almost all stock purchases. People dream of how much money they'll return on their investment if only the company they ...
Posted in Market Commentary | Comments Off
Thursday, June 12th, 2008
The interplay between the dollar and the price of oil continues. Oil futures have been very strong in 2008 as supply never seems to materialize, despite reduced demand from the world's largest consumer of oil, the United States. The high cost of gas is putting a dent in ...
Posted in Market Commentary | Comments Off
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