All Posts Tagged With: "BP"
Global Investing Roundups Thursday, August 28th, 2008
U.S. Bankruptcy Filings Soar; Japan’s Bankruptcy Jitters; Boeing Backs Down in Face of Strike; Quicksilver’s Ski Sale; Gustav Pushes Crude Higher; TiVo Swings to Profit; PetroChina Hurt by Subsidies; BP Ending Russian Venture
Jim Rogers Says Commodities Will ‘Go Through the Roof’
The Reuters/Jefferies CRB Index shows commodities jumped 29% in the first six months of this year - the best first half for more than 30 years.
But there is much talk now of a “commodities bear market” and the popping of the so-called “commodities bubble” as prices pull back from their highs.
Jim Rogers, however, remains a commodities bull. “This bull market is not magic,” says Jim, writing in Whiskey and Gunpowder. “It’s not some crazy ‘cycle theory’ I have. It does not fall out of the sky. It’s supply and demand. It’s simple stuff.”
China and Iraq Finalize Oil Contract As Oil Majors Waver
China and Iraq will sign a deal next week to develop the Ahdab oil field, 100 miles southeast of Baghdad. The move comes at time when political gridlock and security concerns have cast doubt over several pending short-term contracts, says Jason Simpkins in Money Morning.
Pick Up Resource Plays in 2008 at 2005 Prices
Yesterday, oil was back up on a weaker dollar.
Crude oil futures gained $1.66 to settle at $114.53 a barrel on the Nymex. The euro, meanwhile, inched up 0.1% against the buck, off a six-month low of $1.4630.
Energy and oil expert Byron King says investors can expect oil to continue to head northward for all the familiar reasons. Oil’s long-term fundamentals are little changed since hit spiked to $147 a barrel at the end of July. And you can now pick up resource plays in 2008 at 2005 prices…
Why Investors Shouldn’t Fear The Conflict In Georgia
Many investors will want to avoid Russia right now. And they’ll definitely want to avoid Georgia.
Crude Rallies above $120- BP Pipeline Shut Down for at Least Two Weeks
In energy news Thursday, oil prices rose, breaking a string of three consecutive losing sessions. Crude for September delivery gained $1.44 to $120.02 a barrel, while September reformulated gasoline went up 5.2 cents to close at $3.0027 a gallon.
Special Report: Hit the BRICs for a Global-Investing Double Play
If you’re a global investor looking for global profits - including one potential way to double your money - you need to “Hit the BRICs.”
Where Is Oil Headed?
Oil made two runs toward $150 recently, and failed both times. Now oil is in a retreat. Oil was trading near $121 earlier this week. And it appears that support at that price is crumbling. This will surely take the oil company stocks down, as well as those of the oil service companies.
How High Prices Are Turning Big Oil Into a Bit-Part Player
Big Media are ignoring the real problems in the oil market, says energy expert Dave Gonigam in The Daily Reckoning.
Oil Majors Versus Drillers: The Battle for Profits
If you’re bullish on mining, don’t buy the companies. Instead, buy the companies that make the shovels and picks… That was conventional wisdom years ago before gold-mining developed into a legitimate investment sector. But that old adage still stands true today - especially in the oil business.
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