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A plan to save the world — part two, or is it three?by Adam Hewison, President, INO.com When Paulson came out today and stated that his earlier plan to save the western world was not working, he offered up a plan “C” (or is it “D”) to relieve pressure on consumer credit, scrapping his earlier […]
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 […]
Makes a lot of sense, and who better to engineer a plan than Boone. At it’s heart – we have to expand wind power, where great potential lies in the Midwest. Using wind power for electricity can allow us to shift the use of natural gas from energy to transport fuels.
Thoughts on the commodity futures markets as we put a wrap up on the week: Oil topping 140 as I write – this market continues to defy gravity. Too scary for me to try and play either side of this market. The Fed’s decision to stay put (a real shocker) really put a kick start […]
Chuck Butler gives a fantastic rant on Bernanke’s recent tough talk in his morning column. Not much too add to Chuck’s commentary – nicely done Chuck! From a trading perspective – I’m trying to pare back all position sizes, and I still can’t seem to do it fast enough. Meats have taken a turn down […]
BP Capital CEO Boone Pickens thinks we’ll see $150 oil before the end of the year. He also bought 10 million shares of Yahoo, following his friend Carl Icahn into the deal. He also believes demand destruction in oil due the US slowdown is a non-issue, as the rest of the world is compensating for […]
“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 […]
Legendary oil investor T. Boone Pickens told CNBC this morning that he is short oil and natural gas. He believes that oil will have a short term pullback. I was surprised by this – Pickens has been (correctly) calling higher oil prices for quite some time. I’m glad I’m not long oil or nat gas […]
The ratio of the price of oil, in comparison to natural gas, is very high right now compared with historical standards. This article does a good job of explaining this (it’s a few months old, but the ratio is still roughly the same). The author is not a fan of going long nat gas and […]
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