What’s Next for Oil Prices?
Jul 7th, 2008 | By Contrarian Profits | Category: Financial News, Oil Investment & Alternative EnergyThe folks over at the Oil Drum have done an interesting analysis of oil prices and where they might be headed.
The folks over at the Oil Drum have done an interesting analysis of oil prices and where they might be headed.
This week saw Lehman Brothers replace two of its top executives: CFO Erin Callan and COO Joseph Gregor. The two will remain at the bank in lesser roles.
“As recently as a month ago,” says Justice Litle in Taipan Daily, “Erin Callan was on top of the world.”
The WSJ did a glowing piece on her rise through the ranks. Condé Nast’s Portfolio magazine dubbed her the most powerful woman on Wall Street.
Oil spiked up over $117 a barrel again today after an attack on a Japanese oil tanker off the coast of Yemen.
The oil market is jumpy with nearly any kind of dissruption causing higher prices. Gary White sees oil at $125 any day now.
Meanwhile, Black Bear, in Taipan Daily, thinks that there is a good opportunity in natural gas which has yet to spike as much as crude oil and is due for sharp increases.