Don’t Think About White Elephants

Oil rose to $116 yesterday. The Dow gained 26 points. Gold went up too - to $829.

After the biggest spending and borrowing binge in history, Americans need time and money. They need to pay their debts. They need to build…

Crude Oil Prices: Are “Oily Characters” Behind the Move?

My last column on crude oil prices certainly generated a number of “interesting” responses.

If you recall, I mentioned that crude oil’s pullback from a high of more than $147 a barrel in early July was long overdue. With demand decreasing and…

Oil Exploration — A Lot of Looking, Not Much Finding

I discussed the short-term weakness in oil prices. Let’s discuss the long term. Oil is headed back up, for all the familiar reasons.

Really, it’s not like anyone is finding new large oil deposits out in exploration land. Indeed, a whole…

With OPEC Planning to Cut Production, the Decline in Oil Prices May Not Last

Oil prices have plummeted 24% from the record high levels achieved in July, but the sell-off that sparked a stock-market rally over the last four weeks may not last since the Organization of Petroleum Exporting Countries (OPEC) is already gearing…

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…

North Dakota Oil Is “Burning Up The Roads”

As I’ve driven across Canada and down into North Dakota, I’ve been seeing energy everywhere.

The farms are well tended, and the agricultural productivity is awe inspiring. There are wind farms up, and going up, on many a hillside. Power lines…

Where Is Oil Headed?

The Price of Oil

Oil made two runs toward $150 recently, and failed both times. Now oil is in a retreat. Oil was trading near $121 earlier this week. And it appears that support at that price is crumbling. This will…

Chevron Says Hurricane Dolly Evacuation Won’t Affect Company’s Gulf Oil Production

Chevron Corp. (CVX) - the No. 2 U.S. oil company and the most-recent topic of Money Morning’s new “Buy, Sell or Hold” feature - said that a hurricane-induced evacuation of its personnel from the Gulf of Mexico should not hamper production.

Chevron on…

Rising Energy Costs and the U.S. Economy

June 2008 was the second worst June in the history of the Dow Jones. The only June that was worse was in 1930, at the beginning of the Great Depression. That’s not exactly encouraging.

Why was June so bad? The dollar…

Oil Speculation: It’s the Energy, Stupid

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…