Remember when, a few short months ago, the whole planet was panicked about cripplingly high oil prices? That’s changed in a hurry. Crude prices are…
(via AFP) Oil prices slumped on Wednesday, falling to a six-month low under $90 in New York as the dollar rallied on eurozone debt tensions.…
G8 vows to supply markets despite Iran oil embargo (via AFP) G8 leaders sent a strong message to Iran Saturday that tough energy sanctions would…
Everyone is talking about gas this past week, and for good reason. The price at the pump has been tearing higher. According to the papers this morning the national average price for regular gas is $3.65. Unfortunately for me, the price the media is spo…
I’m never quite sure what to say when the mainstream financial press reports that a bubble is bursting.
I can’t tell what’s going on with the underlying fundamentals in commodoties.
Although this sets the stage for QE III.
Now we can run them up a…
Nobody’s going to stop it. It’s not 1991 anymore.
From Bloomberg:
“The prospect of civil war in Africa’s biggest oil producer has pushed crude prices to a 2 1/2-year high, and led to calls for intervention to stop the worst violence yet seen in tw…