Tag: oil pricesSort
The oil sheiks at the Organization of the Petroleum Exporting Countries (OPEC) must be at their wits’ ends these days, with oil prices showing some downward pressure.
Slow Global Demand and Higher Inventory Bearish for Oil
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Oil drives the world.
These Four Major Trends Will Determine Where Oil Prices Go Next
Crude oil remains the most important commodity on the planet. Without it, economic and political life as we know it would cease to function.
Four BIG trends will determine where prices go next:
- China's transition to No. 1 oil importer.
- The death of Hugo Chavez.
- Iran's distribution of Chinese-made weapons.
- New projections for the U.S. gas boom.
1) China's transition to No. 1 oil importer
The death of Venezuelan leader Hugo Chavez is a significant event for millions of people around the world, including Americans.
While oil prices have fallen to the $85.00 level, the price of gasoline continues to be stubbornly high, and you can blame this on the greed of the big oil companies.
Despite the decline in oil prices, it still costs me over $100.00 to fill up my gas-guzzling SUV.
Is the Cold War Heating Up (and How Would it Affect Your Wallet)?
Having been relegated to the history books, the Cold War between the West and the East appears to be heating up again. On one side, we have increasing tensions with China; U.S. politicians claim that China is a currency-manipulator and China has massively increased its spending in defense, which is threatening the security in that part of the world. If we look to the Middle East, tensions are now rising with Russia.
War Imminent in Straits of Hormuz? $200 a Barrel Oil?
According to Iraqi Council of Representatives Oil and Energy Committee member Furat al-Sharei, the 10 oil fields that spread across the Iraqi-Kuwaiti frontier are still waiting to have a line drawn through them to delineate the border, more than eight years after a coalition led by U.S. forces toppled the regime of Iraqi President Saddam Hussein.