I must be in Bizarro World: Watching Conoco’s Next Move Nope, no surprise today in ConocoPhillips’ third quarter profit report… down some on lower refining profits, up some on higher oil prices. The net effect […]
Author: Robert Rapier
100% Manipulation?
From the Detroit Free Press: Oil prices go sky-high, but don’t fear $5 gas If oil prices reach $100 a barrel for the first time, does that mean gasoline will be $5 a gallon? Analysts […]
Which Way is the Wind Blowing Today?
Today, a story from CNN caught my eye: Here comes $100 oil, and $3 gas “Three dollar gasoline in this market is unavoidable,” said Stephen Schork, publisher of the industry newsletter the Schork Report. “At […]
Incoherent Reporting from WSJ
I just finished reading an article from the Wall Street Journal that left me shaking my head. I think the article is subscription only, but you can find it for now at: Oil tops $90 […]
Nothing Left to Give
The reason I am not a short-term trader is that you have that extra variable of market sentiment to take into account. Market sentiment can change in a hurry; it can shave the value of […]
Tragedy in the Gulf
In case you haven’t heard, at least 18 people tragically lost their lives in an accident in the Gulf of Mexico: Gulf of Mexico accident kills 18 (CNN) — At least 18 oil workers were […]
This Week in Petroleum 10-24-07
Whoa! The analysts missed this one by a mile. Here were the predictions, prior to the release of the report: Analysts surveyed by Dow Jones Newswires on average predict crude inventories rose 300,000 barrels during […]
Renewable Energy: “Expensive and Impractical”
At least that’s the conclusion of the present government in the UK: Labour’s plan to abandon renewable energy targets Ministers are planning a U-turn on Britain’s pledges to combat climate change that “effectively abolishes” its […]
Peak Manpower
Last week I got 4 e-mails and 3 phone calls from headhunters trying to fill engineering positions in the oil and gas industry. They have a tough job right now, and it only looks to […]
Sugar Producers Want a Piece
The whiff of ethanol dollars floating around Capitol Hill hasn’t escaped the notice of sugar producers in the U.S. The New York Times reports: Seeing Sugar’s Future in Fuel LOREAUVILLE, La. — Todd Landry, a […]