I don’t know about you, but I am tired of hearing the name ‘Goldman Sachs’. Our treasury secretary (Paulson). The new bailout czar (Kashkari). My governor (Corzine). Warren Buffett buying $5 billion in preferred stock to sure-up Goldman. Like ‘em, hate ‘em – I really don’t care. I just think that I am flooded with [...]
It’s official – crude is down 50% from its all-time high just 3 months ago – a slide of 10% today alone. Is anyone surprised that the folks at OPEC are wetting their pants? Still, here in Northern NJ, the price of gas has just breached the $3/gallon; I expect that if the price holds, [...]
I have pointed out in this blog that the price of gasoline tends to lag behind crude on the way down. Some people said I was too quick to jump on the ‘something is up’ bandwagon. I think it may be time to revisit this issue… With three months of data, here is a chart [...]
There had to be a culprit – and it wasn’t Jeeves According to today’s Wall Street Journal, it was the speculators who are to blame for this year’s run up in the oil markets. The Commodity Futures Trading Commission released a report today, “The Accidental Hunt Brothers” which details the many liberties taken in the [...]
CNBC’s Larry Kudlow believes that the fall of crude prices have ‘waterfall-down’ effects on all markets. This is a great debate…give a look see. Plunging Oil’s Effects – CNBC.com My only criticism? That CNBC provides embeded source code for their video content!
Quite the contrary…I DO like Mondays. It’s the start of the week and a challenge to do great things for the week. It may be a little rainy and overcast in Northern NJ right now, but I am anticipating this week. The Boomtown Rats may have sung that Brenda Ann Spencer didn’t like Mondays – [...]
Much to the eternal nay-sayers dismay, Tropical Storm Dolly will not have significant effect on oil derricks in the Gulf of Mexico. The pause in the drop of the price of crude was a momentary lapse and oil continued it’s decline on Tuesday.
(With apologies to Andy Rooney) I left for Rhode Island (7/18) on Friday with crude having dropped about $16/bbl or around 11%. Now why is is that when crude goes up $5 in one day, by the end of that day, my local gas stations jump. When oil drops, the price at the pump seems [...]
You know that we’re onto something big when the Pope chimes in.
