A Hot Future for Geothermal
Dec 11th, 2009 | By Marc Bustin | Category: Featured, Financial NewsMarin Katusa and Marc Bustin, Editors of Casey’s Energy Report, bring their analysis for the future of this hot alternative energy resource.
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Marin Katusa and Marc Bustin, Editors of Casey’s Energy Report, bring their analysis for the future of this hot alternative energy resource.
Theo Casey, Investment Director of The Fleet Street Letter and member of The Right Side editorial team, discusses the merits of gold, the bull’s run, and how to get in on the action.
Crude oil yesterday shot past $117 a barrel. Sky-high oil prices are now hitting Americans where it hurts: their wallets. The average price US drivers paid for gasoline has soared to a new high of $3.51 a gallon, rising a hefty 11.9 cents over the last week.
“The rise in the oil price has little to do with supply and demand, says Phil Flynn of Alaron Trading over at Casey Research,” and has everything to do with the value of the dollar … It really is all about the dollar right now and if the dollar shows any sign of strength, you’ll see a lot of money come out of oil very quickly.”