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Have you been piling into oil with the rest of the hot money? Might want to think about covering…or even reversing…your position. Oil expert Matt Badiali writes: The fact that oil didn’t leap up with delight at riots in Iran should make oil investors quake with fear. Iran produces about 5% of the world’s oil […]
Global oil producer BP reported that oil reserves fell for the first time in 10 years…from 1.261 trillion barrels to 1.258 trillion barrels. Enough reserves for about 42 years at current production rates, according to the company. You can read the full report here. Some quick highlights: Global oil consumption fell by 0.6% in 2008 […]
Last week, with oil pushing $60/barrel, CNBC asked the question: Is oil going to $300? On cue, crude fell this week, to close at $56. CNBC can have an uncanny ability to signal short term tops. Where is crude heading from here? Some folks believe the bullish supply/demand fundamentals that drove crude north of $140 […]
Brian Hunt, Editor in Chief at Stansberry Research, writes that oil service stocks are breaking out to 6-month highs, according to the chart of OIH, the ETF of major oil service companies. Flash Player 9 or higher is required to view the chartClick here to download Flash Player now View the full OIH chart at […]
It appears so – as you can see from the chart here, oil supply is projected to shrink by a significant amount each quarter of 2009: This chart is courtesy of Frank Holmes, who writes on his blog: It’s also important to point out that it is much cheaper and easier to cut supply than […]
Seems like the same old theme – when the stock market gets slammed, so does crude oil. Crude oil closed the day below $49/barrel. (Chart source: BarChart.com) When crude is up on days like today, that’s when we’ll take a hard look at going long crude. The only bright spots today? Gold, Silver, US […]
Which energy plays will win, and lose, under the Obama Administration? The Casey Research Energy Team breaks it down for us here, in this exclusive piece. Note: I subscribe to their regular publication, Casey Energy Opportunities. How Obama Will Influence Energy Stocks By Marin Katusa Chief Strategist, Casey Research Energy Team Casey Energy Opportunities One […]
As our Fed prints money to battle this current “deflationary spiral”, the economically pragmatic Girl Scouts are bracing their sales force for the very real effects of inflation. Here are some “Fingertip Facts for Girls and Families” listed on the Girl Scouts website, so these brave girls can educate their neighbors about the very real […]
Jan. 19 (Bloomberg) — Goldman Sachs Group Inc. commodity analyst Jeffrey Currie said he expects a “swift and violent rebound” in energy prices in the second half of the year. Oil prices may have reached their lowest point already, after falling to $32.40 in mid-December, and are expected to rise to $65 by the end […]
Falling Fortunes, Rising Hopes and the Price of Oil December 15, 2008 By Peter Zeihan Related Links · Mexico: Insuring Oil Exports · Canada: Oil Sands Tax Increase Related Special Topic Page · Global Energy Prices Oil prices have now dipped — albeit only briefly — below US$40 a barrel, a precipitous plunge from their […]
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