All Posts Tagged With: "Big oil"

Where Is Oil Headed?

The Price of Oil

Oil made two runs toward $150 recently, and failed both times. Now oil is in a retreat. Oil was trading near $121 earlier this week. And it appears that support at that price is crumbling. This will…

1Aug2008 | Energy and Oil | 0 comments | Continued

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.

The first episode, dating to my childhood, came a few…

13Jun2008 | Desidooru Saloon | 0 comments | Continued

Global Investing Roundups

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…

23May2008 | Money Morning | 0 comments | Continued

Former Oilman T. Boone Pickens Makes a $2 Billion Bet on Alternative Wind Energy

T. Boone Pickens made his fortune in oil. But now the Dallas oilman and famed former corporate raider is betting $2 billion that he can have the same success with a new source of energy - wind.

Pickens’ Mesa Power LLP…

16May2008 | Money Morning | 0 comments | Continued

Big Oil’s Secret Impoverishment

The headlines seem to be rolling in nonstop for Big Oil: “Chevron Posts Record $17 Billion Profit. BP Profit Up 52%, Record $4.4 Billion Quarter.” And the giant among giants, “Exxon Mobil Reported All-Time Record $39.5 Billion Profit.”

We’ve all seen…

7Feb2008 | Anonymous | 0 comments | Continued