All Posts Tagged With: "gas prices"

Energy Recession or Energy Depression…

“Dearer to God are the prayers of the poor,” go the words to a sturdy old Anglican hymn.

Well, at $138+ per barrel of oil, I think we are about to find out how dear those prayers really are. This, plus…

17Jun2008 | Energy and Oil | 0 comments | Continued

Stimulus Checks Push Retail Sales Rally; Economy Still Facing Uphill Battle

Stimulus checks helped send retail sales up 1% in May, the Commerce Department said yesterday (Thursday), bolstering the dollar and lifted the mood on Wall Street.

But the effects may not last, as unemployment continues to rise and crude oil supplies…

13Jun2008 | Money Morning | 0 comments | Continued

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…

13Jun2008 | Money Morning | 0 comments | Continued

Pity The Poor People Who Took The Bait!

The New York Times says, “Rural US Takes the Worst Hit.” They refer to people who need to drive long distances to work…or shop…or go to the movies.

Here in Europe, people tend to stay close to home. Partly because it is…

11Jun2008 | Daily Reckoning | 0 comments | Continued

Pain at the Pump: It’s Time to Start Thinking About $7 a Gallon Gasoline

U.S. consumers barely had time to get used to the idea of $4 a gallon gasoline before prognosticators started talking about $5 a gallon fuel.

And unfortunately for the U.S. economy, the worst is yet to come.

The average price of gasoline…

10Jun2008 | Money Morning | 0 comments | Continued

As Gas Prices Escalate, Worries About a Recession Turn Into Fears of Inflation

As the post-Memorial Day hangover lingers, and $4 per gallon gasoline becomes a national reality, expect more and more daily energy prognostications.

Goldman Sachs Group Inc. (GS) already is on record for $200-a-barrel oil. As you all know, our own Keith Fitz-Gerald…

2Jun2008 | Money Morning | 0 comments | 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…

29May2008 | Money Morning | 0 comments | Continued

Soaring Oil and Gasoline Prices Worry Cost Conscious U.S. Consumers

The effects of soaring oil prices are finally trickling down to the pump and consumers are feeling the pinch.

On Friday, oil futures hit a new record of over $126 per barrel. Prices jumped 7.4% last week, with crude oil for…

12May2008 | Money Morning | 0 comments | Continued