All Posts Tagged With: "gas price"

Special Energy Indicator Points Toward Higher Gas Prices – and a Potential 467% Profit Play

Here at Money Morning over the past six months, we’ve talked a great deal about oil and gasoline prices. We’ve offered our predictions about how high those prices were going, and have detailed a number of investment opportunities – chosen as much for their margins of safety as for their profit potential.

This time we’re going to detail three energy stocks with the potential for double-digit – or even triple-digit – profit gains. Admittedly, these are longer-shot, speculative plays. But we used a special energy indicator to help ferret out these energy plays.

This indicator is known as the “crack spread.”

In case you’ve…

13Jun2008 | Money Morning | Comments Off | Continued

That Pain You Feel at the Pump is From a Dollar Crisis, Not an Oil Crisis

It’s unfortunate that the U.S. Supreme Court, in its ruling last week that U.S. currency is unfair to the blind, did not make the next logical step and declare it unfair to everyone who buys gasoline.

In their search for explanations as to why oil has surged past $130 per barrel, Washington, Wall Street and the financial media are as clueless as cavemen after a freak summer snowstorm. Despite the head scratching, the blame game is nevertheless in full force.

Speculators and big oil companies are being trotted out as scapegoats, and increased margin requirements and taxes on windfall profits…

29May2008 | Money Morning | Comments Off | Continued

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