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Riding the Commodity Bull Market
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I am tracking and blogging about my commodities trading account. I began the account with $2K, and my goal is to turn that into $1,000,000. I track every trade in the blog, share reasoning behind each trade and position, and update the positions weekly.
Recent Posts Tagged With 'oil supply and demand'
Who's Buying Oil Today? The Answer May Surprise You
Peak Oil. Sometimes it sounds sooooo 2008.What's the real story? Is there too much oil out there, or not enough? Seems like it's tough to get a straight answer on this question - or at least an answer that experts agree on.In this guest piece, Mar...
Huge Oil Inventories Just Reported
This morning, the US Department of Energy reported, well, HUGE inventories in oil. Oil's decline hastened on the news.I'm wondering if oil has placed in its short term top, on it's way back down to the $40 range, or perhaps lower (maybe even $20 as ...
$20 Oil Just Around the Corner? Energy Expert Predicts It
Crude oil expert Philip Verleger, who correctly predicted oil would hit $100 back in 2007, is now forecasting $20...this year!Verleger says that supply is outpacing demand by 1 million barrels a day - and with the global economy not really improving,...
The Outlook for Crude Oil From a Top Industry Exec
Last night I had the opportunity to sit down with PG, who is the head of a small refinery based in Texas. We talked about the economy, and most specifically, crude oil - where the price may be heading, and supply/demand considerations.(OK it's my fa...
Crude Oil Hits Five-Week Low...Time For Another Nose Dive?
If there's one thing to say about the crude oil market, it certainly trends well...both ways. Check out this chart:Crude oil takes a turn lower.(Source: Barchart.com)We've been hearing energy gurus for weeks scratching their heads, saying there's pl...
BP Review of World Energy Stats for 2009
Global oil producer BP reported that oil reserves fell for the first time in 10 years...from 1.261 trillion barrels to 1.258 trillion barrels. Enough reserves for about 42 years at current production rates, according to the company.You can read the ...
Free Commodity Webcast From US Global Investors
Here's a fantastic - and free - webcast, courtesy of Frank Holmes and the team at US Global Investors, entitled Commodities: Reasons to Be a Bull When Everyone's a Bear. It was originally recorded on April 21st.It runs almost an hour, and is defini...
It's Time to Short Oil: CNBC's Debating $300 Oil
When CNBC starts asking if oil will hit $300 anytime soon, that probably means we've got a short term top in place.In fairness to Kevin Kerr - I think very highly of his commodity insights, and this interview is worth watching...his points are all go...
