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 […]
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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 […]
Herding Behavior
The bandwagon on $100 oil filled up very quickly. I thought we were likely to see $100 oil next year, which is why I have consistently said I wouldn’t make that bet on oil prices […]
Oil Flirts With $90
I feel like I am watching a car wreck in slow-motion: Oil finishes at all-time high above $89 NEW YORK (CNNMoney.com) — Oil prices pushed into record territory Thursday, finishing at an all-time high above […]
This Week in Petroleum 10-17-07
As I watched oil hit $89 earlier today, I just shook my head and said “We have to be very close to the top.” After all, this happened in spite of bearish news that crude […]
Where I Go for Comic Relief
I am going to have to start issuing my own press releases. That’s what our good friends at Oil Watchdog – the oil-hating arm of the FTCR, like to do. They write their own press […]