Obama Gives OPEC Dissenters the Finger, Crude Oil Prices Could Lower
For the past two days, I've been driving...
I recently won an auction for a mustang -- a gorgeous strawberry roan we're calling Aesop Rye. I spent all of Wednesday towing all 1,000 pounds of him, plus the 3,500-pound trailer.
The trip was grueling, and we made plenty of pit stops along the way. But surprisingly, one of the things that didn't bother us as much was the price of gas.
Fighting Arab Nations Are Costing You Hundreds at the Gas Pump
You know, gasoline prices are supposed to climb as we head into summer, but things are getting a bit ridiculous!
Gasoline prices are up nearly $1.06 a gallon from last year, and it's not even summer yet.
Why is this happening? Well, the Arab nations of OPEC are fighting...
Over the past five months -- until late February -- crude oil prices trended higher within the channel drawn in green. Even during the Egyptian uprising, prices stayed within the channel, and actually slid all the way back below $90 a barrel.
Then Libya took center stage. Gadhafi has lost control of key oil infrastructure and as much as 75% of production has been cut.
OilPrice.com Market Summary for 09/20/2010 to 09/24/2010Oil
Crude Prices Stagnate Amid Doubts About Global Demand
Oil Market Summary 03/08/2010 to 03/12/2010
Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the week, with the benchmark West Texas Intermediate settling on Friday at $81.24 a barrel, compared with $81.50 a week ago.
Crude Oil Prices Take a Dive After a Week of Gains
Oil Prices Fall Sharply as General Market Sells Off
OilPrice.com Oil Market Summary for 01/18/2010 – 01/22/2010
162 Billion Reasons The Economy Will Improve In 2009
Rick Pendergraft says you shouldn’t underestimate the lift that tumbling gas prices can give consumers in 2009. Compared to the $4 a gallon peak in July, drivers will save $162 billion a year at today’s prices. Add that to a boost in confidence from the Presidential changeover, and Rick says a slow recovery could be on the horizon.
Whether you agree with them or not, the bailout programs will keep on coming. Keith Fitz-Gerald looks at the key impact these will have on the dollar, commodities and global stocks. He says we could be in line for a market rebound by mid-2009, and suggests six ways to prepare your portfolio now.
3 Coal Producers (MEE, BTU, JRCC) At Fire Sale Prices
Energy prices continue to tumble on recession fears and a US dollar rally. For investors that are long-term bullish on energy markets, this represents a great buying opportunity, says Andrew Snyder. He expects coal producers like Massey (NYSE:MEE), Peabody (NYSE:BTU) and James River Coal (NYSE:JRCC) to see big increases in their valuations in the coming year.
3 Predictions For The Post-Meltdown Global Economy
Over in the UK, where the economy is already shrinking, Ben Traynor looks ahead to the world after this downturn. He sees three major changes to the future global economy: 1) A larger role for governments. 2) Less efficient capital allocation. 3) More protectionism, especially in the US, with disastrous consequences for the dollar.
Desperate ‘Petrocrats’ Could Send Crude Soaring Again
Crude oil is now worth less than half its July value. But as central banks and consumers rejoice, socialist oil-exporters like Russia and Venezuela are in “dire straits”. Justice Litle says desperate times could prompt desperate measures from the firebrand leaders of these countries.
J. Cristoph Amberger Says Buy Ford, Alon, GE, GM and GM Now
Today, the Dow dropped below 8,000 for the first time since March 2003. This is great news for investors, says J. Cristoph Amberger. “History has proven time and time again that the seeds of wealth are sown during market crises… by buying good companies at crash valuations.”