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Roger Wiegand: Oil to Reach New Highs by Year End
Source: The Energy Report 10/09/2008
Despite severe economic turmoil, demand for oil is rising significantly—in fact, it will land somewhere in the range of $150 to $157, according to Roger Wiegand, editor of Trader Tracks. In this exclusive interview with The Energy Report, Wiegand takes a close look at the untamed commodities bull and names some of his favorite buys.
The Energy Report: How does you think oil will play out in current economic scenario?
Roger Wiegand: The big sell-off during the past month or two was triggered when the funds bailed out. Roughly 50% of the CRB—the commodities index—is in oil. When oil moves, it…
14Oct2008 | The Energy Report | Comments Off | ContinuedOil Defies a Correction…
The returns are coming in from the distant precincts of the oil patch, and the winner is……… Oil!
The price for oil has barely budged based on the Saudi Summit. There has been no summer sell-off, and I’d be surprised to see a significant pull-back as the summer driving season kicks into gear. (Followed by hurricane season, and then the buildup for winter heating stocks, followed by winter.)
What’s going on? Well, what the Saudis give — in proposed, future increased production… the Nigerians take away — with ongoing oil patch carnage that forces the likes of Shell & Chevron to close vast pipeline systems.…
26Jun2008 | Energy and Oil | Comments Off | ContinuedMineral Rights: Landowners are getting rich
With food and energy prices making climbs higher and higher nearly every day, somebody must be getting rich. But who? The gas stations claim they can barely get by. Farmers are protesting their own rising costs. And Exxon Mobil shareholders have little to smile about. Share price has barely risen over the last year.
Well, it looks like at least one small portion of the American population will be making money from this mess. Landowners in Pennsylvania, West Virginia, and even parts of New York have folks knocking at their doors almost daily. The checks they are willing to write are getting bigger by…
30Apr2008 | Guest Contributor | Comments Off | Continued
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