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Tag: oil price
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2009.10.22 23:46:06 I don't know what others may think of rising oil prices but USD weakness usually sends it up up and unaffordaway!! Poor Americans hoping for recovery but should fear the worst if suddenly fuel costs are beginning to cut into their discretionary income. In my opinion... SCREW the current economic data!!...... Read more...
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2008.09.22 10:36:19 In March this year I made a bet: the oil price would be below 80 USD/Barrel on the 31st of December 2008! You can imagine that the guy I made the bet with was having a good laugh in July, when the barrel price went up to 147 $. Until last week, it was my turn to have a good laugh, the price of oil went...... Read more...
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2008.09.16 20:33:33 After the dot-com bubble, the two industries that thrived were the Oil & Gas industry (cfr. Gazprom) and Financial Services. Any long bull run that resembles a bubble ends with a collapse, this is what we see and saw this year with Bear Sterns, Lehman Bros and Merrill Lynch with respect to the financial...... Read more...
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