I count myself among the pool of investors who believed that oil could spike higher and bought some Canadian oil trusts - pwe and erf - only to find that they now trade at the same price that they...
On July 16, just five days after oil hit an all-time record of $146/barrel I made the prediction that oil would be below $100 before January 1, 2008.
Oil today closed at $106 after falling 8%...
Great resource for insight into the oil market. The free version has a two week lag but it's good enough to get a broad sense of where things are going with oil and gas prices
Series | Submitted Jul 9, 2007 | Views: 364 | Comments: 0
Tags: energy, oil, gas
Oil prices went up again today to a record $82.51. Traders speculate prices are rising because of fears that supply won't be able to keep up with demand. Sounds bullish for the economy....
Gold prices hit 16 year highs. Gold has traded against the value of the dollar for the last couple of years and with more potential rate cuts coming, gold may continue to go up.
Gold has continued to go up over the last couple of months and now sits as at close to a 10 year high. Will it continue to go up? I believe so and here is why:
Oil has reached a new record - $93 per barrel - despite plenty of supply. The news will tell you that it's because of geopolitical tension between the Kurds and Turkey but neither of these areas...
As oil crashed through the $100 barrier, anxiety from governments, and oppurtunistic speculation from investors has brought clean energy stocks to the foreground...But when a sector is so white...
Apparently a single trader, who wanted bradding rights, was responsible for oil briefly blipping above $100 per barrel. Of course, it trends stay as they are, the record will shortly be eclipsed.
The Blogs, like this one are buzzing with predictions gold will hit $1,000. If everyone is talking about investing in gold, is it already too late? Not sure. I do think the dollar will continue...
Article | Submitted Mar 3, 2008 | Views: 145 | Comments: 0
Tags: inflation, gold, dollar
Article refutes the claim that higher demand and lower supplies are the reason for the high gas prices. Also refuted is the claim that it's due to the weak dollar:
"—there is 'some' truth in...
Legendary Texas oil man T. Boone Pickens has gone green with a plan to spend $10 billion to build the world's biggest wind farm. But he's not doing it out of generosity - he expects to turn a buck....
Relatively low taxes have kept pump prices far below most other developed nations, which some say is precisely why the current runup is so painful.
There is some evidence Europe's high gas taxes...
The problem here is that this isn't some sort of wacky analyst trying to gain publicity through making a far out prediction (ala Henry Blodget and Amazon), but this is real, and it is a real...
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