Oil
« Previous EntriesChart of the Day: Oil
Wednesday, May 23rd, 2012Oil is down 14.65% for the month of May.
Oil Prices Are Dropping…
Tuesday, October 4th, 2011Oil prices appear to be the lowest they have been over the last year: I just wish gas prices would drop just as quickly. If my memory serves, when the price of oil surged earlier this year to $114 per barrel, gas prices surged to around $3.60 per gallon (around where I live anyway). Now [...]
Why You Should Love $5 Gas (Yeah, Right)
Thursday, May 26th, 2011I saw this article on MSN: Why You Should Love $5 Gas. Some of the author’s (questionable) reasons: • Fewer people will die. Fewer people on the road meand fewer people will die. • Higher prices will lead to lower prices. Theoretically the government will open up the floodgates and more oil will be produced. [...]
Gasoline Prices Could Be Heading Lower
Wednesday, May 18th, 2011Yesterday’s WSJ had a little article about gasoline futures. They explained that gasoline wholesale prices were back below $3/gallon due to easing concerns of flooding along the Mississippi River. One thing I learned from the article is that retail gasoline prices are typically about $.70 higher than the wholesale level. They quoted the price for [...]
Schiff: The Fed is Pushing Oil Prices Higher
Monday, April 25th, 2011I was going through my email and found a link to this interesting interview with Peter Schiff, author of one of my favorite books from last year, How an Economy Grows and Why It Crashes*. I thought this question and answer was interesting: Question: So, with a more thoughtful and sober monetary policy from the [...]
Crude Oil (and Everything Else) Is Going Down
Thursday, May 20th, 2010Crude oil is now down nearly $20 per barrel from its recent highs. As a guestimate, I would say it’s down about 21% from its high this year. The real question is: how long can we continue with subdued inflation? I read a front page article in today’s WSJ about how inflation is at a [...]
Rant: Oil and Gas…
Monday, May 17th, 2010This is a short rant. Alrighty… Oil peaked recently at around $85 a barrel. Now it’s back down below $70 a barrel. Yet, gas prices are almost exactly where they were when oil was at $85 a barrel. The first thing we hear when gas prices rise, is how the price of oil has risen. [...]
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