The US, the freest of free markets, has nationalized Fannie Mae (FNM) and Freddie Mac (FRE). In doing so, the US has earned the sobriquet USSA (United Socialist States of America), says Jawahir Mulraj. Meanwhile, Russia is using market forces to deploy its gas supplies to Europe as a political bargaining chip to silence dissent over its incursion into South Ossetia!
Although the private sector has thrown off its initial fears of being swamped if exposed to foreign competition, the Government and the bureaucracy continue to harbour a fear of a repeat of the East India company.
How to profit form high oil prices? This is a question that many investors must be asking themselves today after crude oil prices shot past the $122-a-barrel mark.
Before you try to profit from high oil prices, you need to know if high prices are here to stay.
Alex Green at InvestmentU.com is not so sure. “A lot of smart people are beginning to believe this bull market will die hard,” says Alex, in his article “Is Oil Becoming the ‘Mother of All Bubbles?’“
The price of oil surged 2% today on after French port workers announced they would strike.
Oil prices today hit an intraday high of $118.99 a barrel, the highest level since April 28, when the price of oil per barrel reached an intraday record of $119.93.
“A lot of smart people are beginning to believe this bull market in oil will die hard,” says Alexander Green over at InvestmentU.com.
For years, I’ve been telling hushed, incredulous audiences around the world that oil prices were headed higher – much higher. I consistently list three causes: Supply, demand, and interruption.
For years, I’ve been telling hushed, incredulous audiences around the world that oil prices were headed higher – much higher. I consistently list three causes: Supply, demand, and interruption.
Ford Motor Co. (
As the home to 34 of the world’s 50 least-developed countries, Africa is the poorest and least-developed continent on the planet. It’s 11.7 million square miles of desert and jungle, with little in between.
