Oil
The Price of Oil vs. The Euro
Monday, August 3rd, 2009AFM reader, LOL, asked an interesting question on my post linking to an article about oil prices. His question:
“Is it really oil (up 3%), natural gas (up 8%), copper (up 4%), stocks (up 2%) and everything else going up — or is it really that the dollar is falling (down 1%)?”
It’s thought that the [...]
Here We Go Again…The World’s Runnin’ Out of Oil
Monday, August 3rd, 2009Another economist says we’re running out of oil.
I would like to know if this “economist” has any ties to oil? The comments to the piece are quite interesting and lively.
UPDATE…
Right on cue, the market reacts:
As of this writing, crude oil is up over $2 a barrel.
And Now it Starts: Oil Price Predictions
Wednesday, June 10th, 2009Prediction: $250 Oil
The price of oil starts moving up and all the sudden we have all these “experts” with their predictions.
It’s Amazing How Quickly Things Can Change
Thursday, December 18th, 2008Last summer we were treated to all kinds of newspaper articles claiming that oil prices would continue forever on their march upward. Oil producing nations were living high on the oil hog.
NOT ANYMORE!
Take a look at some of the quotes from this article ($) in today’s Wall Street Journal:
Shrinking oil revenues have also begun [...]
Oil Just Keeps Dropping!
Thursday, December 4th, 2008Oil dropped another $3.12 to $43.67…the lowest level since January 2005.
If someone would have told me back in July that oil was going to be trading in the 40s by the end of the year, I wouldn’t have believed them. It’s simply amazing how quickly things can turn.
Of course the bad side to all [...]
Oil Price Manipulation?
Thursday, September 4th, 2008There was a very interesting article in today’s Wall Street Journal about how regulators are looking at oil price manipulation. From the article ($):
…regulators are concerned that companies may be reporting inventory levels that benefit their own trading positions but that may not be accurate, people familiar with the regulators’ thinking say.
Unexpected drops in [...]
Oil Down Nearly 26% From Its High
Wednesday, September 3rd, 2008This is good news:
The price of oil is down nearly 26% if you use the record settlement of $145.29 and a current price of $107.76.
What’s up? I have no idea but I would venture to guess that the high oil prices we saw earlier this year had less to do with fundamentals and more [...]
Crude Oil’s Down Again!
Friday, August 8th, 2008Crude Oil’s down another $5 per barrel so far today, which puts it about $32 below the high set last month.
How low will it go?
The Power of Suggestion
Wednesday, July 16th, 2008President Bush mentions the need for offshore drilling and the price of oil reacts:
Sure, the drop in prices is probably temporary but I like what I’m seeing so far.
According to the article I read in yesterday’s Houston Chronicle, President Bush’s lifting of the ban on drilling is largely symbolic because congress has its own moratoriums [...]
WSJ Editorial: We Can Lower Oil Prices Now
Thursday, July 3rd, 2008I read a very interesting opinion piece in the Wall Street Journal titled, We Can Lower Oil Prices Now. The author of the editorial is Martin Feldstein, who was chairman of the Council of Economic Advisers under President Reagan and is a professor at Harvard and a member of The Wall Street Journal’s board [...]