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...
The hidden story in the economy is the fact that oil prices have collapsed. For the Sheiks in the Middle East and Vladimir Putin, this is bad. For people like you and me, it's great.
Both Goldman Sachs and Morgan Stanley, two of the preeminent investment banks in Wall Street have turned to commodities to cushion their balance sheet from the mortgage implosion. Based on their...
The dollar continues to collapse against world currencies, hitting a new low against the Euro. The video below explains what is going on and makes the case that gold is the only hedge against what...
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: 470 | Comments: 0
Tags: energy, oil, gas
These companies shouldn't feel as much of a squeeze on profits now that the prices of oil and raw materials are falling.
Beneficiaries mentioned in the article include supermarkets with strong...
Most Americans probably don't know that one third of the world's known oil deposits are buried in the dirt of Canada's Alberta province. The Oil Sands of Canada - as they are known - contain the...
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:
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...
I don't drive a diesel vehicle, but I have noticed lately how much more diesel costs than gas, and I've been wondering why that has been the case. It used to be about the same price as gas a few...
few weeks ago I indicated that the rising price of oil was based more on speculation rather than supply and demand. I also pointed to the price of oil peaking this year, with prices likely to fall...
The drop in oil prices of almost $24 per barrel has started to shift much of the conversation. Instead of talking about unlimited demand and shrinking supply, people are returning to economic...
Yesterday oil fell as low as $132 a barrel, down 10% from the record high of 146 reached on July 11th. Softening economies are beginning to drive down demand and increase stockpiles.
If oil stays at or around the current levels, US GDP, by all estimates, will be significantly impacted. Even if the subprime / housing crisis is over (it is not), current oil prices will certainly...
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