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OPEC’s crude oil cuts utterly ineffective
Yesterday, Crude oil futures closed at nearly a 17-month low. Bulls talking up an OPEC cut just couldn’t silence the drumbeat of falling demand growth and a sagging economy. Light, sweet crude for December delivery settled down 93 cents, or 1...
The economy is crumbling beneath our feet - but at least we can travel on the cheap!
With the market still doubled over from economic gut punches this week and last, many of our readers feel like their 401K’s may not ever carry them to a sunny retirement in Florida. Well, with the way Crude Oil prices have been falling, maybe y...
The Domestic Crude Oil Revolution - The bottom is falling out of Crude Oil Prices
The bottom is falling out of the price of crude oil, Nancy Pelosi and the Democrats are caving to the public’s demand for more drilling and now, finally, we’re seeing a revolution in domestic oil production with even more fallout in crude...
Crude oil prices plummet on demand erosion (’told ya so’)
NYMEX crude oil futures plummeted today as gasoline inventories were discovered to be much larger than expected AND demand continues to erode, along with the U.S. economy. But, there is light on the horizon. Much of the blame for the worsening econo...
Peak Oil is a Myth - High Oil Prices Govern New Exploration and Production
Plenty of credible sources have claimed for decades that oil supply is nearing it’s inevitable end. When I started drinving, I paid $0.91/gallon for gasoline. That incredibly high price was evidence that we had nearly drained the ground of ...
Crude Oil Prices, Iran, U.S. covert operations and an Indian Pipeline
That’s a lot of title to swallow, but it’s such an interesting puzzle. The media tends to simplify things and lately that has manifested itself in the reporting on the booming oil industry. Oil prices are at all-time highs, producers are...
CRUDE OIL KEEPS GETTING CHEAPER SO WHY ARE PRICES AT THE PUMP GOING UP EVERYDAY
Posted: February 12th, 2009 | Report This Comment