All Posts Tagged With: "Oil Supply"
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.
Why Oil May Be Headed for $50
In 2000, investors thought the world was a “different” place. “You have to value Internet companies differently,” people would say. “Ignore the triple-digit P/E… That is an obsolete way to value a company.”
Talking Oil with the Vice Chairman of Chevron
Even I was stunned when I saw the Financial Times and the headline said, “Oil Futures Near $140 Amid Fears of Shortage.” As Robin used to say, “Holy smokes, Batman!”
Oil Is in a Bubble. Yeah, Course It Is, Anatole
Thank goodness for MoneyWeek, that’s all I can say. Because, aside from a couple of noble souls at the Daily Telegraph, nobody else in the mainstream media gets it.
From Hurricane Pain to Investment Gain
As if there weren’t enough issues plaguing the world’s oil supply, hurricanes are now back on the list.
Global Investing Roundups: Friday, May 23rd, 2008
WTO’s Global Trade Deal; Ford’s Lowered Expectations; Surprise Decline in Jobless Claims; Oil Drags on Hang Seng; Wider Loss for B&N; Big Oil Spends $1.3 Million in 1Q Lobbying; Bill Miller Joins Ichan in Pressuring Yahoo; IEA to Probe World’s Oil Supply; Medtronic Coughs Up $75 Million to Settle Suit.
$200 Oil Going Mainstream
It’s enough to set off one’s contrarian radar. I mean, predictions of $200-a-barrel oil have been everywhere over the last week. CIBC analyst Jeff Rubin, with an eerily accurate track record of previous predictions, kicked it off last week with a forecast of $225 by 2012 with $7 gasoline to match.
OPEC: No Increase in Production
The oil market is supplied with enough crude.
This is the view of the group’s secretary-general, Abdullah al-Badri, expressed on Saturday during a visit to Iran.
“Oil supply to the market is enough and high oil prices are not due to a shortage of crude but rather it is because of the decrease in the dollar’s value, shortage of refinery capacity and some political tensions in the world,” said a-Badri, according to the Iranian state news agency.
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