Blog > Archive by tag 'opec'
The world’s oil producer are forgetting the basics of a free economy. When oil prices were soaring, OPEC loved a free market. But now that prices are plunging, it wants to implement artificial measures to stop the bleeding.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): My mother always told me that life is not fair. As [...]
Tags: crude, crude cuts, crude prices, financial news, how does it feel to want, oil, oil industry, oil sands, opec, opec cuts, supply cuts
Energy prices are plunging. Some of us love to see the decline. But countries like Russia and everybody in the OPEC cartel are counting pennies that were once dollars.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): I hate it when my day gets off to a rough start. One early-morning hitch tends to set off an [...]
Tags: crude prices, Energy prices, financial news, market vectors, market vectors russian etf, moscow, nyse:RSX, opec, putin, rsx, russia, russia etf, russian economy, wholesale gasoline prices
Wall Street circuit breakers have popped. Futures trading is halted as investors are forced to bail out. It may look like panic, but we will recover. This is the day we have been waiting for.
By Andrew Snyder
Baltimore – (TFN): This is looking like one of those days we will remember for a long, long [...]
Tags: financial news, halt to trading, nyse:sne, oil prices, opec, opec cut, sne, Sony, trading halt, wall street circuit breakers, wall street halt, wall street panic
OPEC plans to meet later this week. A large cut in cartel oil production is widely anticipated. It will not be nearly enough to slow the oil industry’s downward spiral. Buy ETFs like UltraShort Oil and Gas ProShares (AMEX:DUG).
By Andrew Snyder
Baltimore – (TFN): Our good friends at OPEC are up to their same old tricks. [...]
Tags: Altria, amex:DUG, dug, financial news, MO, nyse:mo, oil, oil cuts, oil prices, oil production, opec, russia oil, ultrashort oil and gas proshares
The global economy is screeching to a halt. Pretty soon, it will be obvious we are in reverse. That means oil prices will continue to plunge. Use an UltraShort ETF (AMEX:DUG) to profit from the downturn.
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Tags: amex:DUG, dug, exxon, Exxon Mobil, financial news, gas prices, general motors, gm, NYSE:GM, NYSE:XOM, oil plunge, oil prices, opec, recession, ultrashort, ultrashort oil and gas proshares, xom
“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 [...]
” 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 [...]
“Al-Naimi has pumped hope back into the system after last week’s inflation terror hit the markets. Oil prices closed at $134.39 on the New York Merchantile Exchange.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore – (TFN): Well, at least oil prices are sensitive in both directions. Saudi Arabian oil minister Ali al-Naimi called for a conference [...]
“If you were Indonesia, which countries would you rather have as your buddies? A bunch of sleazy, corrupt, idle ‘lottery winners’ such as Nigeria, Venezuela and Angola? Or would you prefer a set of hard-working and diligent neighbors such as Singapore, Malaysia and Thailand?” — Martin Hutchinson
by Martin Hutchinson
Baltimore – [...]
Tags: angola, cartel, china, emerging markets, India, Indonesia, malaysia, nigeria, oil prices, opec, organization of the petroleum exporting countries, Singapore, thailand, Venezuela
"You wonder why the U.S. puts so much time and energy into the Middle East? This is why." — Christian DeHaemer, Crisis Trader
Blogger's note: We found an interesting map and a few good comments from our friend Christian DeHaemer in a recent Taipan Publishing Group Chart of the Day. And I thought you would find [...]
Tags: brazil, brazil exporter oil, brazil in opec, chart of the day, coast of south america, crude oil, oi, oil field, oil investing, oil map, oil reserves map, opec, petrobras, petrobras (PBR: NYSE), sugar cane biofuel, sugar cane fuel, sugarcane biofuel, sugarcane fuel, U.N.