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Obama’s Empty Gasoline Tank

Posted by Oilprice.com on April 6th, 2011

There is a piece of doggerel which goes:

They said it couldn’t be done.
So I went right to it -- that thing they said
Couldn’t be done.
And I couldn’t do it.

Point Roberts WA- March 2, 2011– www.Investorideas.com, an investor research portal specialized in sector research including energy stocks, releases the following CFA commentary from Patrick J. Murphy, featuring American Petro-Hunter, Inc. (OTC.BB: AAPH).

Patrick J. Murphy is the owner of Murphy Analytics LLC, a provider of sponsored research coverage on smallcap stocks.

Oil Price Could Doom Obama

Posted by Oilprice.com on February 1st, 2011

Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama’s worst nightmare at election time next year.

Among forecasters, there is a sharp division between those who see an inexorable rise in the price of oil and those who believe it will stabilize about where it is now.

Who, How and Why: $140 Oil and $5 Gas

Posted by Oilprice.com on January 13th, 2011

According to a loosely-organized apocalyptic Christian movement, May 21, 2011 will be the "end of days." On or about that same date, the price of oil in the United States will begin to climb to $4 a gallon, according to two savants of the oil industry.

The former is highly unlikely but the latter is very probable.

The Price of Oil is Going Up

Posted by Oilprice.com on August 5th, 2010

I received another scratchy, crackling cell phone call from my drilling buddy in the Texas natural gas fields today. You could almost choke from the dust on the line.

He told me that the BP Gulf disaster was turning the fundamental assumptions of the oil industry upside down, and that sharply higher oil prices were in the cards, probably $100/barrel by year end.

As oil continues to pour into the Gulf of Mexico, I thought it might be helpful to review how we got where we are today.

Back in the days when US oil demand controlled the price of oil, a massive recession in the United States would have sent oil to 12.00 dollars a barrel. That era, which ended last decade, was defined by ongoing spare capacity in OPEC, low-cost oil in Non-OPEC, and nascent demand for oil in the developing world. That was then, and this is now.

Happy 50th Anniversary Year OPEC

Posted by Oilprice.com on March 18th, 2010

On September 14, 1960 OPEC began operations as an ad-hoc talk-shop of sorts, and five years later became a permanent part of Vienna’s international bureaucracy.

There still seems to be a deplorable uncertainty about the future price of the most important commodity in the world.

Wall Street rallied Monday as oil prices, supported by a stronger dollar, fell back and alleviated some of investors’ concerns about accelerating inflation. The Dow Jones industrials gained 130 points.

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