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.
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...
There's a lot of bad news out there but there are also some positive things happening. A story that has gotten somewhat lost in the credit and banking crisis is the fact that the price of oil has...
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%...
Remember when a rebel firing a bullet in Nigeria caused the price of oil to jump $10 a barrel. Now, there's an all out way in Georgia and oil prices continue to drop. Something has changed.
This is in fact utterly amazing. While we are all getting poorer and poorer as a result of high oil prices and the Iraq war, it now seems that even the Iraqis are getting rich off of our poor...
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...
Everyone wondered at what gas price we (American consumers) would stop driving. The answer is in - $4.00/gallon. Car usage has dropped for the first time in over 20 years and that softening in...
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...
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.
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...
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