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The Ghost of Crude Oil Futures (Part 2)
Happy New Year.
Welcome is the psychological reset of the scorecard to our portfolios. Most investors are eager to pretend that the new year will begin with a clean slate, with fresh money and no losses glaring at them from half-opened portfolio statements.
The daunting truth is that, for the most part, investors large and small have experienced devastating losses this past year. Remarkably, this actually bodes well for new investors (as well as the market in general) because although little has actually changed from December 31st to January 1st, psychologically there is more optimism due to the sheer desire for something…
2Jan2009 | Oxbury Research | 0 comments | ContinuedThe Future of Oil
By Andrew Mickey
Chief Investment Strategist, Q1 Publishing
“Now is a good time to buy.”
That’s what R.S. Sharma, the chairman of India’s national oil exploration company ONGC, said last week.
Sharma added, “The world financial crisis and slumping oil prices have made energy assets more attractive.”
Is he right?
Well, yes and no. It’s a good time to buy oil. But thanks to a few major changes in the oil industry over the years, a great time is likely on the way.
Oil company shares have been in freefall since oil prices topped out over the summer. There are dozens of oil companies trading at prices…
17Nov2008 | Q1 Publishing | Comments Off | ContinuedPeak Oil, Politics, and U.S. Energy Supply
Western nations – the U.S., in particular – are now experiencing the bow wave of a profound change in the current and future availability of oil. According to recently published data, oil output from all major Western oil companies is on an ominous decline trend. Exxon Mobil, for example, announced that its average oil output has fallen by 614,000 barrels per day in 2008.
Western oil majors like Exxon are finding it harder than ever to identify new prospects and successfully complete new oil projects. This comes despite the fact that the oil industry is flush with profits from upstream operations,…
29Aug2008 | Energy and Oil | Comments Off | Continued
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