Lately I've been sharing some of the insights from my colleague, Kevin McElroy, at Resource Prospector. Last Friday he suggested that the President's release of oil from the Strategic Petroleum Reserve (SPR) may have more to do with politics than with actually lowering the price of oil. He furthered...
August 4, 2010 *****Economic Growth and Oil Prices *****Bakken Earnings Blowout *****Maguire Properties Up 28% Fellow investor, The headline reads " Oil falls to near $82 on weak US crude demand." As if that's some kind of revelation. The better question is "why is crude oil $82 a...
Your Daily Profit May 19, 2009 *****A Bottom for Housing *****Fuel Efficiency *****Repaying TARP Fellow investor, Stocks are down this morning after a “surprise” drop in new housing starts and a fall in new building permit applications. This shouldn’t really be a surprise. After all...
January 23, 2009 Dear Readers, Like a runaway train, the crisis is heading at breakneck speed down the hill and towards the next sharp turn. Though we are reasonably sure about the ultimate destination – an inflationary wreck – we can’t be entirely sure what exactly awaits around the...