From the monthly archives:
You know that story we keep hearing that the Chinese are drilling or about to drill in Cuban waters just 50 miles from the Florida coast? Turns out those rumors aren’t true, though they are repeated a lot …
Vice President Dick Cheney, in a speech Wednesday to the U.S. Chamber of Commerce, picked up the [...]
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Phil and I have a great time talking about oil, gold and more. LISTEN HERE.
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My latest MoneyandMarkets.com column is up. It’s on the oil crisis …
How the New Oil Crisis Affects You by Sean Brodrick Wednesday, June 11, 2008 7:30 AM In ancient times, when mapmakers came to uncharted territory, they would scrawl: “Here There Be Dragons.” Flash-forward to the 21st Century; oil markets went into uncharted [...]
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Here is a nifty chart from consumer/retail analysts at NPD … So American consumers are changing their driving habits. The problem is that consumers in India and China are changing their driving habit too — driving a lot more. In fact, the number of cars on the road could double by 2050.
So unless [...]
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Chart of the freakin’ day … You can see the original HERE.
Gazprom expects oil to hit $250 a Barrel “in the foreseeable future”. And at the same time, Citigroup boosted its 2008 Brent outlook 22 percent to $116.60 a barrel, while Merrill Lynch raised its forecast by 14 percent to $114. The [...]
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The New York Times has a great map showing how much people spend on gasoline (as a percentage of average income) in different parts of the country.
Click on the image of the map and it will take you to the real thing on the New York Times website.
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All CNBC can talk about this morning is Lehman Brothers. How many people does that effect? Meanwhile, oil is not pulling back much from its biggest one-day surge EVER on Friday. Don’t you think that deserves more headline time? The average price of a gallon of gasoline in the United States hit $4 for the [...]
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$45 trillion needed to combat warming- The world needs to invest $45 trillion in energy in coming decades, build some 1,400 nuclear power plants and vastly expand wind power in order to halve greenhouse gas emissions by 2050, according to an energy study released Friday.
More on this story HERE.
Mexico sees lower [...]
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The U.S. lost jobs in May for a fifth month and the unemployment rate rose by the most in more than two decades to 5.5%. Obviously, the US consumer is in trouble. And yet prices for hard assets and commodities keep soaring, as I showed you with a list of links earlier [...]
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Are you ready for your daily dose of depression? And by that, I mean Great Depression …
From the Economist:
AS HOUSE prices in America continue their rapid descent, market-watchers are having to cast back ever further for gloomy comparisons. The latest S&P/Case-Shiller national house-price index, published this week, showed a slump of 14.1% [...]
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