All Posts Tagged With: "Oil Price"

Get Ready For The Next Oil Price Surge

“Speculators like you and I are bad. Really, really bad. You should hold your head in shame.” says Garry White of Smart Commodities UK. He states, contrary to many politicians, that it’s the fundamentals, not the speculators that are to blame for the surge and subsequent decline of oil prices.  He remains a long-term bull on price of oil…

U.S. Dollar Strength or Oil Weakness?

Is it U.S. dollar strength or oil weakness? The greenback is strutting its stuff over the last few weeks, up nearly six percent against the euro. And the Aussie dollar, which had been within an eyelash of reaching parity, has since declined to eighty cents against Team America’s currency.

What’s Next for Oil Prices?

The folks over at the Oil Drum have done an interesting analysis of oil prices and where they might be headed.

Who’s Really Behind Skyrocketing Oil and Commodities Prices?

American consumers are feeling the pain both at the pump and in the grocery store. Meanwhile with real full-time unemployment rates climbing towards 10%, penny-pinching consumers are wondering just who is to blame.

Strike Leaves British Gas Stations Without Fuel

Gas stations in Britain have began to run out of fuel as a four-day fuel strike by Shell tanker drivers sparked a wave of panic buying. Six hundred drivers working for two companies that distribute fuel to Shell filling stations around Britain are on strike over low pay.

“Is Britain going back to the 1970s?” asks Ben Traynor in Fleet Street Daily.

I was 14 when I first learned about the 1970s oil price shocks, and how they had caused stagflation (unemployment and inflation rising at the same time) in Britain.

Meanwhile, Crude Heads for the Moon

In the energy market Thursday, crude for July delivery headed for the moon, rocketing heavenward to close at a record $138.54/barrel, up $10.75. July reformulated gasoline shot 21.8 cents higher, to $3.548/gallon, marking a two-day gain of nearly 11%.

China Isn’t Increasing Oil Imports

Wow… Here is an act of entirely commendable proportions.

Junior Diamond Miner And Explorer KCM Makes A Sparkling Appearance

For most South African miners it was a time of darkness. But on the day that Statistics SA released truly dismal 2008 first quarter figures, a stunning debutant proved the mining sector is not all gloom.

What Came First: Inflation or the Egg?

Let’s begin at the beginning, shall we?…as the egg goes, so goes the chicken. A game of consumer product mousetrap…desperate times for the airline industry and the manufacturing sector. Is this a rerun of the 1970’s? Don’t pull out the shag carpeting and the disco ball just yet…and more!

Hurricane Season Hits USA, Prepare For The Resulting UK Petrol Panic Now

Since the devastation of Hurricane Katrina and Hurricane Rita - North Atlantic Hurricane seasons have been mild in comparison. That was three years ago when the oil price was $50… what do you think production disruption will do to $135 oil?

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