All Posts Tagged With: "Opec"
The Feast of the Assumption of the Blessed Virgin
It’s “an empire ending problem,” says Robert Zubrin. He’s referring to the outflow of capital from the United States of America to the oil exporting countries. OPEC now takes in more cash than the U.S. government.
Commodities… Buy the Dips!
The commodity bull market has a long way to go. This bull market is not magic. 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.
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.
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.
Crude Rebounds
In the energy market Friday, crude for July delivery rebounded, closing at $134.62/barrel on its final day as the front-month contract, up $2.69. July reformulated gasoline rose 8.7 cents, to $3.4392/gallon.
Saudi’s Fail In Bid To Slash Oil Price: Here’s Why It’s Time To Buy Oil
The mooted plan by Saudi Arabia to hike oil production in July by 200,000 barrels is marginal. It is not going to have a significant effect on the oil price. I am also not sure if it is true, after all it was UN head honcho Ban Ki Moon who revealed the plan and not the Saudis.
Investors Will Watch as Inflation Dominates the Spotlight This Week
Investors better keep an eye on bonds this week.While the stock market may be more fun to follow, fixed income is often a stronger gauge of investor expectations of the economy, future U.S. Federal Reserve policy, and inflation.
Crude Backs Down
In the energy market Friday, crude for July delivery pulled back, closing at $134.86/barrel, down $1.88. July reformulated gasoline fell 6.74 cents, to $3.4626/gallon.
Here’s Where to Find the World’s Most Interesting ETF
Last month, I stood inside a shovel the size of a two-car garage.
Xenophobia Redux
For the third time in my lifetime, a storm of revulsion against foreign investment in the United States is beginning to gather. Only this time the clouds appear much more ominous.
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