All Posts Tagged With: "Oil Supplies"
Shell Boss: No Oil Shortage
Royal Dutch Shell Chief Executive has weighed in alongside OPEC, claiming that there is no shortage of physical oil supplies, and the crude oil prices should drop.
“As the post-Memorial Day hangover lingers, and $4 per gallon gasoline becomes a national reality, expect more and more daily energy prognostications,” says William Patalon III in Money Morning.
Crude Finally Pulls Back
In the energy market Thursday, crude for July delivery pulled back after breaching the $135 level in overnight electronic trading, closing at $130.80/barrel, down $2.36. July reformulated gasoline dipped 7.03 cents, to $3.3297/gallon.
No End in Sight for Crude
In the energy market Tuesday, crude for June delivery kept on its steep up trajectory, notching yet another new record close at $129.45/barrel, up $2.02. June reformulated gasoline rose 6 cents, to $3.30/gallon.
Adrift
The Indian land mass is moving 2 inches per year towards Tibet and China. It has been adrift for some 50 million years. The Himalayas were created when the large mass of land that is India banged into Asia. The recent earthquake in China was a result of this continuing, constant pushing.
With the Energy Department’s Prediction for Gasoline Prices, the ‘Experts’ Get it Wrong Yet Again
How does the prospect of $4 a gallon gasoline sound to you? Undoubtedly, it doesn’t sound all that great. But what if I said that gasoline prices were headed for the $4 a gallon level, but once they got there, they’d head no higher?
Is Oil Becoming the ‘Mother of All Bubbles?’
We’ve all heard the story. Most of the world’s major oil deposits have already been discovered. The low-hanging fruit has been picked. The remaining oil supplies are tough to get at – and expensive to recover.
With the Energy Department’s Prediction for Gasoline Prices, the ‘Experts’ Get it Wrong Yet Again
How does the prospect of $4 a gallon gasoline sound to you? Undoubtedly, it doesn’t sound all that great. But what if I said that gasoline prices were headed for the $4 a gallon level, but once they got there, they’d head no higher?
The Surprise Report That Set Off the Rally, IMF and Fedheads Both Seeing U.S. Recession, Amoss Unpacks Fed’s Newest Liquidity Scheme, and More!
Oil Touches Record Set Only Last Month… The Surprise Report That Set off the Rally…IMF, Fedheads Both Seeing U.S. Recession… And Guess Who Says It’s Already Started?…Amoss Unpacks Fed’s Newest Liquidity Scheme…Williams’s Hyper-inflationary “Armageddon” Outlook…New Commodity Boom: Thieves Get the Lead Out…Hugo vs. Homer: Clash of the Titans
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