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Falling Oil Still Gives Us Investment Opportunities
Oil’s Big Run Up and Let Down
On the energy front, we’ve seen several days of declining prices. Oil has led the way, falling from about $146 to $112. Coal and natural gas sold down, as well, as did many energy companies and service firms.
So we’ve seen quite a tumble, led by declining oil. But then again, oil had quite a run-up. I’ve said before that oil was climbing too far, too fast. And over the past few weeks, oil tested the $150 mark. But like Gen. Pickett at Gettysburg, this charge to $150 failed.
What seems pretty clear is that at…
13Aug2008 | The Penny Sleuth | Comments Off | ContinuedFixing the Energy Policy is the Number One Priority
Energy Game Day: It’s Time to Suit up and Play
With the price of oil doubling in the past year, there are more fingers being pointed than solutions being offered. Unfortunately, one of the biggest “culprits†garnering much of the blame has been the oil speculators. Congress has decided to make them the scapegoat for our energy concerns, and unfortunately many under-educated members of the public are beginning to lap it up.
Speculators are speculating because there is something about which to speculate. (Let me thank my sixth-grade English instructor for teaching me how to compose that sentence.)
Remember when oil ran…
15Jul2008 | The Penny Sleuth | Comments Off | Continued
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