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At the latest Casey Research conference, respected investment analyst Porter Stansberry stood at the podium and predicted that the price of oil will fall below US$40 per barrel within the next 12 months. Part of his reasoning revolves around the impact that the shale gas revolution has had in the United...
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Here’s one bit of good news amid all the talk of European debt fears and high unemployment rates: The U.S. is about to regain its status as the world’s top oil producer. So said Chesapeake Energy CEO Aubrey McClendon while speaking at the World Shale Gas Conference & Exhibition in Houston...
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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...
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The death of Osama bin Laden had investors in a pretty good mood yesterday morning. And well it should. It’s quite a victory to finally remove this scourge from the planet. And we might even anticipate something of a peace dividend from the removal of this terrorist. On the flipside, the information...
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The U.S. Strategic Petroleum Reserve is an estimated 727 million barrels of oil sits in salt caves along the coast of Louisiana and Texas. And now that unrest in the Middle East has spiked oil prices close to $107 a barrel, President Obama is reportedly considering releasing some of that oil into the...
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So, Venezuelan president Hugo Chavez is offering to mediate some kind of peace for Muammar Qaddafi and Libya . That’s a bit like Ben Bernanke offering up a plan to fight inflation. Stocks are poised to rally on the news and oil prices are dropping. Gold is even looking to reverse course. Now, it's...
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March is here, spring is not far off, and overall futures are in the green again. Manufacturing data (in the form of PMI surveys) in Europe and in the U.S. are beating expectations handily. Unemployment in Germany is at a 19-year low. And some are forecasting a strong showing from U.S. Non-Farm Payrolls...
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The high gasoline prices of 2008 may be nothing but a pleasant memory this summer. That year, gasoline peaked at over $3.50 a gallon. Already this year, the average price of regular gasoline has already broken through the $2.80 mark – whereas it took until mid-April to hit that level in 2008. We’re...
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Once again, China has raised reserve requirements for banks to slow down lending and, hopefully, slow inflation, too. China reports that inflation accelerated to 4.9% in January. Part of the reason is that drought has damaged China 's grain production and food prices are up. Chinese banks lent $158...
Posted to
Daily Profit
by
Ian Wyatt
on
02-22-2011
Filed under:
Filed under: Ian Wyatt, oil stocks, oil, inflation, China, China stocks, dollar, Bakken, oil prices, U.S. dollar, Middle East, Facebook
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Bloomberg reports that Brent crude prices topped $103 a barrel today. Brent crude is the benchmark for two-thirds of the world's oil supply. Global oil markets are clearly concerned about escalating troubles in Egypt, Jordan, Tunisia, Yemen and a handful of other Middle Eastern countries. The potential...
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So how do we view a stock market that can’t hold its early highs, sells off to slightly negative territory mid-day, and then recovers roughly 50% of the decline by the close? Is that bullish behavior? Is it bearish? Or is it just plain weird? While there’s certainly no shortage of weird out...
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Fellow Investor, QE2 has unleashed a raging bull market for gold and silver. But the falling dollar is also pushing oil prices higher, too. Oil is zeroing in on its 52-week high. And oil stocks have been performing very well. Now, as you now, I was recently at the Association for the Study of Peak Oil...
Posted to
Daily Profit
by
Ian Wyatt
on
11-11-2010
Filed under:
Filed under: Ian Wyatt, oil, gold price, gold, Federal Reserve, Fed, China, USO, coal, commodity, Energy Information Agency, oil prices, natural gas, UNG, silver, silver price
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I spent yesterday at the Association of the Study of Peak Oil (ASPO) conference in Washington D.C. As you may know, Energy World Profits economist Gregor Macdonald was speaking as part of a panel on how to invest in the peak oil age. Gregor’s talk was about the renewed adoption of coal as the primary...
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With gold prices reaching new highs recently, investors are seeking ways to profit from the yellow metal. At the same time, they’re risk averse - and for good reason. The stock market has been extremely volatile over the past year. So Gregor Macdonald, Energy Analyst with Energy World Profits recently...
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September 7, 2010 *****The Final Summer Fling? *****Euro Banks *****Technical Analysis and Confidence Fellow Investor, Summer is now officially over, at least from a business and cultural sense. Kids are back in school, beach retreats are over, and we can expect to see stock market volume return as traders...