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The protests and social unrest in Egypt have provided an additional tailwind to crude prices over the past week (and we should note that crude had already rallied to two-year highs before the demonstrations began). Even before the hysterics began in Egypt, the trend in oil was UP. (Source: StockCharts.com) Walk (and Protest) Like an Egyptian […]
The 1st paragraph says it all – from the Wall Street Journal Online (emphasis is mine): President Barack Obama will use an Oval Office address Tuesday night to outline his plans for cleaning up the Gulf oil spill, compensating victims, getting tough on the offshore oil industry and enacting new policies to reduce U.S. oil […]
Green, green, green. We need to be green this, and green that. With the government this focused on green energy, I’m becoming more and more convinced that this whole green energy thing is turning into a giant circus. When was the last time the government was ahead of any trend, after all? Although government may […]
Peak Oil. Sometimes it sounds sooooo 2008. What’s the real story? Is there too much oil out there, or not enough? Seems like it’s tough to get a straight answer on this question – or at least an answer that experts agree on. In this guest piece, Marin Katusa of Casey Research takes a look […]
It seems like these days, EVERYONE is looking a natural gas prices, wondering “how could they be so low?” As recently as a few years ago, “The Natty” was selling for over $16 – how could it now be languishing just above 3? It’s often said in the commodity world that the best cure for […]
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 […]
Matt Badiali writes that demand for natural gas has dried up, and he expects prices could stay low for some time. Natural gas often rallies this time of year, but has not moved up thus far. Matt cites record recent production – with nat gas reserves at record highs – as another factor that may […]
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 […]
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