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Investing in Crude Oil: The Best Way to Play Oil’s Imminent Rebound
Billionaire investor George Soros and I don’t normally see eye to eye. He supports drug decriminalization, assisted suicide, America bashing… and a host of other off-the-reserve liberal causes.
I don’t. I’m an old-school Reagan conservative. (Full disclosure – I’m so old school, I named my first born after the late President.)
But here’s the thing. When it comes to investing, great political divides matter little. Because it’s not about getting our guy elected or unashamedly pushing a partisan agenda.
Instead, business – and by extension, investing in businesses – is only about increasing profits, as Milton Friedman put it. And based on the…
24Feb2009 | Investment U | 0 comments | ContinuedOil dips under $50 on fears of deep recession
By PABLO GORONDI
Associated Press
Oil prices plunged over $3 Thursday, briefly dipping below $50 a barrel as 16-year high U.S. unemployment figures and plummeting stock markets caused investors to price in lower crude demand.
Light, sweet crude for December delivery was down $3.25 to $50.37 a barrel in electronic trading on the New York Mercantile Exchange by early afternoon in Europe.
Crude briefly dipped below $50 for the first time since Jan. 18, 2007 when prices struck $49.91, just a penny above the 2007 low.
On Wednesday, the contract fell 77 cents to settle at $53.62.
In London, January Brent crude fell $2.89 to $48.83…
20Nov2008 | INO | Comments Off | ContinuedBaby out with the bathwater
CBS Marketwatch 9/15/08
What King sees in the future is more energy price rises. He notes: “This time last year — September 2007 — a barrel of oil cost about $80, and rising … Today, a barrel of oil is trading for about $107, or about a 33% increase year over year. That’s no plunge … the recent price retreat is not a plunge. It’s just a correction within a long trend of rising prices for energy.”
King’s reasoning: supply is tightening. He writes: “Almost all of the world’s largest oil fields were discovered over 30 years ago and have been…
16Sep2008 | The Real Deal | Comments Off | ContinuedGet On the Other Side of the Pump
If there’s one thing I’m certain of, it’s that casino owners don’t have a soft spot for gambling addicts.
In the same vein, auto body shops don’t want you to drive safely and Norton and McAfee don’t give a crap who’s hacking into your computer (and are probably hoping it continues).
You shouldn’t feel bad either. In our free market economy, no one is stopping you from profiting from oil the same way the big boys do.
Currently, the price of a barrel resides right at $100. That’s a 32% discount from the high only two months ago. Admittedly, I didn’t even think…
12Sep2008 | Oxbury Research | Comments Off | ContinuedCrude Hits Another Record High Above $140
The benchmark crude oil rose 57 cents to settle at a record-high $140.21 a barrel on the New York Mercantile Exchange Friday, after a sell-off on Wall Street left the Dow Jones Industrial Average in bear territory.
After plummeting 358 points on Thursday, the Dow dropped another 107 points to end the week at 11,346.51. After sliding 4.2% last week, the Dow is now down 20% from its Oct. 9 high of 14,165. And that means the benchmark U.S. index has officially entered into a bear market.
“With oil prices bursting through the $140 threshold and seemingly unstoppable, economists are busily debating whether it’s…
30Jun2008 | Money Morning | Comments Off | ContinuedMidnight Oil
For a useful way to think about energy exports and prices, Dallas based geologist Jeffrey Brown points to the current situation with global rice supplies. Brown among others worked on the Export Land Model (ELM), a model that reflects the decline in oil exports as a result of Peak Oil.
As long as there are abundant local supplies of rice, countries are happy, eager in fact, to export excess production in order to generate foreign exchange. But as soon as local consumption exceeds locally available production, then all hell breaks loose and the next thing you know countries are banning exports,…
25Jun2008 | Whiskey and Gunpowder | Comments Off | ContinuedThe Anti-Dollar
Oil has become the “anti-dollar†of modern times. Oil is now serving as the source of global monetary discipline that gold used to perform.
Oil is the energy life-blood of all modern economies. So when a nation debauches its currency, the oil markets react instantly. And oil will not accept monetary malpractice, certainly not by the U.S. Federal Reserve. If traders perceive that the dollar is declining, this perception lights the fuse for oil prices to rise.
There is an old saying that “You can’t fight the Fed.†But oil is fighting the Fed. In fact, oil is scoring a knockout, like…
21Jun2008 | Whiskey and Gunpowder | Comments Off | ContinuedCrude Oil: Honeymoon surprise
It is a real-life version of the Beverly Hillbillies. Or maybe it should be called the Belizean Hillbillies.
My new wife made me promise to leave my laptop and writing duties at home on our recent honeymoon. Like a good new husband, I eagerly complied. But that did not stop me from keeping an eye out for some story ideas.
Just minutes after landing on a dirt runway in a small ten-passenger plane, we were escorted to the beach along a rough, gravel road. We traveled through orange and papaya fields, through dense jungles, and across wide-open cane fields. The total drive…
26May2008 | Guest Contributor | Comments Off | ContinuedCashing in on Commodities: What’s Driving the Oil Bull, How Much Further It Will Go, and How Investors Can Profit
Exactly 12 months ago, West Texas Intermediate crude oil was trading at just under $63 a barrel.
Yesterday (Thursday) futures prices for that benchmark grade of crude oil hit the latest in a succession of record highs, punching through the $135-a-barrel mark on the New York Mercantile Exchange, before sliding back.
In other words, in only a single year, crude-oil prices have more than doubled, soaring 115% – and setting 27 separate new records along the way. And while a short-term correction may be in the offing – especially with fears of a U.S. recession ebbing – the reality is that oil…
23May2008 | Money Morning | Comments Off | ContinuedMoney Morning Boosts Oil Target Price to $225 a Barrel, Thanks to Continued Scarcity, Burgeoning Demand in China
Money Morning Investment Director Keith Fitz-Gerald – one of the first global financial gurus to predict triple-digit oil prices – has boosted his target price for crude oil from $187 to $225.
The case for the target-price increase of 20% was very clear.
“The math is really simple here,” Fitz-Gerald said in an e-mail interview from China, where he was heading an investment-research tour. “We are burning through supplies at a rate that’s four times to five times faster than we’re discovering new reserves. Throw in a few [surprises] … perhaps a terrorist event …and add in the accelerating use of oil…
8May2008 | Money Morning | Comments Off | Continued
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