"The National Petrochemical and Refiners Association says the last new refinery built in the United States was Marathon Ashland’s Grayville, La., plant. And this plant was completed in 1976… Yet whenever a new project is proposed…plenty of Americans are up in arms." — David Newman
Blogger’s note: Petroleum refineries have been on our [...]
Plunging gold and oil prices mean one thing: Welcome to the commodities bear market of 2008!
by J. Christoph Amberger
Baltimore — (TFN): The day was off to a good start: Crude oil fell as much as 2 percent to $112.75 a barrel. Platinum plummeted $125 to $1,365 an ounce, its gravest intraday loss since Sept. 25, [...]
"Can the collapse in oil prices save the economy from recession? Sadly not. The rising oil price was a symptom, not a cause, of the unchecked global boom that lead us here. And the fact that it’s falling now is merely a sign that we’re already in the grip [...]
Crude oil prices have dropped dramatically from record highs. What was behind the boom? What is ahead for oil? And how can you profit? Hot Stock Confidential’s J. Christoph Amberger answers all questions. Read more
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"If you think we’ll have a thriving real estate market again (and it’s only a matter of time), mortgage companies and home builders would be good investments." — Andrew Gordon
Blogger’s note: The real estate crash isn’t over yet. Mortgage companies and home builders may still have further to fall. But according to Andrew [...]
"To say we are in a crisis is a massive understatement. It’s like saying there was a little fire on the Hindenburg. As oil prices surge and the ebb and flow of trading begins to catch up with the world’s growing population, we can expect to see these prices continue to climb." — [...]
Even with declining oil prices, gold prices seem to be holding steady. But will it last? Juan Munoz gives Smart Trading viewers his take.
Watch the video now.
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“Investors became net sellers in the crude oil market last week for the first time since mid-February 2007.”
by Jad Mouawad, International Harald Tribune
Baltimore — (TFN): “Commodity prices remain extraordinarily high by historical standards. But with the economy weakening amid a housing crisis and a credit squeeze that show few signs of improving, many traders [...]
"As the number of riders grows, so too will the fleets of busses. And one small company stands to make record profits as the next generation of busses is built across the globe." — Greg Guenthner
Blogger’s note: Greg Guenthner of Penny Sleuth just found a great investment for those of you looking [...]
“The price of oil has challenged and changed all realities for the aviation industry. This is the greatest crisis in aviation’s history — bigger than the Gulf wars, Sept. 11, SARS and past oil shocks.” — Tim Clark, president of Emirates, a Dubai-based airline.
by Chris Mayer
Baltimore — (TFN): In [...]
“I blame high oil prices on gold. Well, I’m not completely serious, but I can’t help but feel that gold isn’t holding up its end of the bargain. Investors are dumping their money into oil because nothing else is going up – including gold.” — Andrew Gordon
by Andrew Gordon
Baltimore — (TFN): I blame high oil [...]
Quietly, hedge funds and company insiders are moving into position to profit from an imminent drop in oil prices. Institutions and private profiteers are loading up on oil refinery shares. Find out where they invest.
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” Just as the Romans built reservoirs and aqueducts, the city states of the United Arab Emirates have been building desalination plants. Skyscrapers, power plants and airports have sprung out of the desert. They are building a future for themselves beyond oil – an empire built on financial services, luxury [...]
“Many on Wall Street are cheering the possibility that further “demand destruction” will ultimately lead to significantly lower oil prices. After all, this is basic economics. Prices are a function of supply and demand, and as demand drops, prices must follow. This is simple logic, wrongly applied.” [...]
Financial Roundtable: Top financial analyst predicts $225 oil and $9 gasoline in 2009
“We’re going to see oil prices at $225 a barrel within a year, year and a half, and I think we’ll be looking at gasoline prices at $7 to $9 a gallon,” says Bill Patalon of [...]
“Unfortunately, one of the biggest ‘culprits’ garnering much of the blame has been the oil speculators. Congress has decided to make them the scapegoat for our energy concerns, and unfortunately many under-educated members of the public are beginning to lap it up.” — Byron King
by Byron King
Baltimore [...]
“I think 85 kroner a share is a good price. They’re very interested in Awilco’s jack-up rigs, seven of which will be available to be leased by clients next year.” — Stian Eliassen, Carnegie ASA analyst
by Jason Simpkins
Baltimore – (TFN): After a disappointing string of failed takeovers, CNOOC Ltd. (CEO:NYSE) has reignited [...]
“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 [...]
“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 [...]
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…
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