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OPEC May Cut Output Again; McClatchy Cans 1,600; Malaysia May Quadruple Stimulus; Public Transportation Ridership at 52-Year High; AIG Warned Feds of “Catastrophic” Collapse; Wells…
10Mar2009 | Money Morning | 0 comments | ContinuedProspects for an Oil Recovery
Last Sunday 60 Minutes posed the question, “Did speculation fuel oil price swings?”
The news show’s investigative team naturally delved into the personal story of how a…
19Jan2009 | Q1 Publishing | 0 comments | ContinuedOPEC: Too Little, Too Late
In March of 1974, in the midst of the oil-dependent world’s first oil shock, economist and Nobel Laureate Milton Friedman noted:
Higher [oil] prices induced consumers…
OPEC Production Cut Fails to Inspire Oil Market; Oil Drops to Four-Year Low
Oil prices fell again yesterday (Wednesday) – dropping below $40 for the first time in four years – as weak demand and growing inventories overshadowed…
18Dec2008 | Money Morning | 0 comments | ContinuedGlobal Oil Demand: Are You Ready for Gasoline Under a Buck a Gallon?
When I started driving, gasoline still contained lead and regular was selling for 29 cents a gallon. My father remembers 10 cents a gallon.
While it’s…
16Dec2008 | Investment U | 0 comments | ContinuedOPEC Left to Deliberate as Oil Prices Plummet
Crude oil prices have plunged two- thirds from its record high during the summer, and the likelihood they’ll fall further has caused panic among oil-producing…
24Nov2008 | Money Morning | 0 comments | ContinuedSupply not demand is the issue
Our planet is facing a severe energy crisis, however not many are paying attention. I find it amazing that rather than focus on the very…
18Nov2008 | The Real Deal | 0 comments | ContinuedOPEC Cuts Output by 1.5 Million Bpd as Oil Prices Slump
The Organization of Petroleum Exporting Countries (OPEC) Friday said it would cut oil production quotas by 1.5 million barrels a day in an attempt to…
27Oct2008 | Money Morning | Comments Off | ContinuedOPEC Production Cut Up in the Air as Members to Clash Over Oil Prices
In the face of the worst worldwide financial crisis since the Great Depression, the Organization of Petroleum Exporting Countries (OPEC) is expected to cut crude-oil…
23Oct2008 | Money Morning | Comments Off | ContinuedSaudi Arabia Hesitant to Join OPEC in Production Cut
Despite earlier pledges to hold oil output steady, the Organization of Petroleum Exporting Countries (OPEC) yesterday (Wednesday) announced that it would cut production by 520,000…
11Sep2008 | Money Morning | Comments Off | ContinuedHow Low Will Oil Go?
A few weeks ago, I wrote a column commenting that the price of oil had outstripped fundamentals and was running on fumes. So count me…
13Aug2008 | Investment U | Comments Off | ContinuedGazprom Keeps the Heat on Europe by Pressing Libya
OAO Gazprom, Russia’s state- sponsored gas monopoly, is offering to buy all of Libya’s oil and gas exports in a bid to increase its dominance…
14Jul2008 | Money Morning | Comments Off | ContinuedThe Monkey House
A few weeks ago we witnessed a political act of such unimaginable stupidity, it is hard to not choke at the mention of it.
A cursory…
4Jul2008 | Whiskey and Gunpowder | Comments Off | ContinuedXenophobia redux
For the third time in my lifetime, a storm of revulsion against foreign investment in the United States is beginning to gather. Only this time…
13Jun2008 | Desidooru Saloon | Comments Off | ContinuedThe ugly Americans
In the mad rush to blame speculators for high oil prices, our solons in Washington have inadvertently revealed a U.S.-centric, 20th century mindset.
I’m sure Sens.…
8Jun2008 | Desidooru Saloon | Comments Off | ContinuedEven Groucho Marx Would be Happy With Indonesia’s Profit Opportunities
At times, you can tell a country by the company it keeps.
Indonesia just announced it plans to leave the Organization of the Petroleum Exporting…
30May2008 | Money Morning | Comments Off | Continued
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