TodaysFinancialNews.com LLC » Oil and Energy

Who Wins If Oil Prices Hit $200?

Sean Hyman — Thu, 03 Jul 2008 18:57:19 +0000

“The sad truth is if you drive your own car, buying gas is actually more of a necessity than buying milk or bread. Also, lately we’ve all been watching gas prices because oil prices have nearly tripled since just last year.” — Sean Hyman by Sean Hyman Baltimore – (TFN): Off [...]

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Post tags: car, gas, oil prices, sean hyman

Bubble economics: Oil soars as coal and oil refiners plummet

J. Christoph Amberger — Thu, 03 Jul 2008 02:05:58 +0000

Speculators continued to inflate the oil bubble to new heights, leaving today’s bathtub ring at above $144 a barrel after the government reported a bigger-than-expected drop in U.S. supplies. Of course, the media proclaimed that “the threat of conflict with Iran weighed on traders’ minds”. by J. Christoph Amberger Baltimore — (TFN): Speculators continued to inflate the [...]

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Post tags: Calumet Specialty Products Partners, CLMT, ICO, James River Coal Company, JRCC, MEE, Valero Energy Corporation, VLO, western refining, WNR

TFN Special Report: Three tiny energy companies set for major gains

J. Christoph Amberger — Wed, 02 Jul 2008 20:54:59 +0000

TINY ENERGY COMPANY #1: THE DRILLER As the big energy providers desperately seek more untapped sources of oil and natural gas, there has been an epic jump in demand for drilling services providers. This Houston-based driller that operates 28 land rigs in ten countries and 18 barge rigs in the inland waters of [...]

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Post tags: Parker Drilling Company (PKD:NYSE), Pyramid Oil Company (PDO:AMEX, Royale Energy Inc. (ROYL:NASDAQ)

Of Course Speculators Caused the Oil Prices Spike!

Andrew Gordon — Tue, 01 Jul 2008 15:18:30 +0000

“The arguments that have hoodwinked smart people into believing that oil prices are justified are so flawed, it makes me wonder what kind of mass hypnosis has come over us.” — Andrew Gordon by Andrew Gordon Baltimore – (TFN): It’s just plain wrong that oil speculators are having no [...]

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Post tags: Andrew Gordon, Commodities, Futures Trading, oil prices, speculators

Top Analyst picks Valero (VLO:NYSE) as Best Oil Stock to Buy Now

Laura Cadden — Sat, 28 Jun 2008 21:34:52 +0000

Top investment analyst Todd Schoenberger pegs the upside of crude oil prices at $175 by August… and recommends Valero Energy (VLO:NYSE), an oil-related company every investor should buy now, independent of where prices are heading. Click here to join… by Laura Cadden Baltimore — (TFN): Despite temporary pullbacks, crude oil prices are again setting new historic highs. [...]

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Post tags: crude oil price, financial news, laura cadden, oil, oil prices, oil service companies, smart trading, Valero Energy, VLO, VLO:NYSE

Oil Prices Defy Correction

Byron King — Fri, 27 Jun 2008 20:25:21 +0000

“Oil prices have barely budged based on the Saudi Summit. There has been no summer sell-off, and I’d be surprised to see a significant pullback as the summer driving season kicks into gear.” — Byron King by Byron King Baltimore — (TFN): The returns are coming in from the distant precincts of the oil patch, and the [...]

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Post tags: byron king, Chevron, futures market, hurricane season, nigerians, oil prices, royal dutch shell, saudi, summit

Gas could fall to $2 on Congress action

TFN-Oil — Thu, 26 Jun 2008 18:48:51 +0000

The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday. Baltimore — (TFN): Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price [...]

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Post tags: energy and commerce committee, energy security analysis, futures market, gasoline, masters capital management, oil prices, oppenheimer & co, pfc energy consultants, speculation

Natural Gas Will Soar on Hurricanes and Heat Waves

TFN-Oil — Tue, 24 Jun 2008 18:23:06 +0000

“Natural gas is one of those invisible threads woven throughout our lives. We all make use of it much more than we realize, and the costs hit us in many unrealized ways, too.” — Justice Litle, Taipan Publishing Group by Justice Litle Baltimore – (TFN): Natural gas prices are up about 75% [...]

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Post tags: cost of food, crude oil, energy, heat waves, hurricanes, justice litle, natural gas

Oil Prices Are in a Bubble, a GOOD Bubble

John Stepek — Mon, 23 Jun 2008 17:52:47 +0000

“In the meantime, we should look on the bright side, even as we wince at the petrol pump. Because if the current oil price is indeed a bubble, it’s a good bubble.” — John Stepek by John Stepek Blogger’s note: John Stepek, deputy editor of MoneyWeek in the UK, recently sent out this interesting piece to his [...]

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Post tags: bubble, gordon brown, jeddah, oil prices, petrol, saudi arabia, uk

China Raises Gasoline Prices, Sends Gushan (GU:NYSE) Soaring

Stephanie Grimmett — Thu, 19 Jun 2008 17:01:45 +0000

“Starting at midnight tonight… diesel and gasoline prices will rise 1,000 yuan ($145.39) per metric ton.” — Stephanie Grimmett by Stephanie Grimmett Baltimore — (TFN): Chinese fuel companies are breaking out on news that the country’s government will raise fuel prices at midnight tonight. PetroChina (PTR:NYSE), the country’s largest oil producer, is up 4.8% in morning trading. And [...]

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Post tags: biodiesel, ceo, china, cnooc, gallon, gasoline prices, gu, gushan, NYSE, oil refineries, PetroChina, PTR, sinopec, SNP