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Bud Conrad, Chief Economist at Casey Research, voices his opinion on Gold, the Fed using borrowed money from the Treasury, and Oil as a limited resource. “There’s not enough gold for everybody.” http://www.bizradio.org/wp-content/uploads/podcasts/december/wss-dec11c.mp3 http://www.bizradio.org/wp-content/uploads/podcasts/december/wss-dec11d.mp3
The International Energy Agency projects worldwide oil demand will fall by 200,000 barrels a day, to 85.8 million barrels a day, in 2008. The IEA expects oil demand to recover next year, estimating an increase of 400,000 barrels a day, or 0.5%. The oil futures markets appear to be pricing in a much steeper drop […]
I joked last week that cotton futures were heading towards zero – apparently oil took exception to my joke, and has accelerated it’s speed towards the basement. Can you spot the trend in the oil chart? Many folks, myself included, thought we’d never see sub-$50 oil again. The speed of this decline has been absolutely […]
Kevin Kerr gives CNBC his thoughts on the oil market. Kevin makes a great point – demand destruction is overblown, as it took $140 oil for to trigger a measly 2.5% drop in US demand. A drop in the global bucket, he says. He sees oil back up towards $150 by years end. I agree […]
“I think I made a mistake” Pickens humbly told CNBC yesterday, referring to his prediction that oil would drop in the 1st quarter. He sees oil “hanging around here” in the 2nd quarter, and above $100/barrel in the 2nd half of the year. He is also bullish on natural gas, citing it’s relative cheapness compared […]
Byron King, author of Agora’s Outstanding Investments, talks on CNBC about oil prices. I’m an Outstanding Investments subscriber, and a big fan of Byron’s analysis. This guy is all over the oil situation – he flies around the world going to geology and energy summits – he knows what’s going on. Here he says he […]
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