From the monthly archives:
The short-term trend in oil is now down.
This is probably due to the fact that the US has decided to make peaceful overtures to Iran and the fact that we are seeing demand destruction here in the U.S. and in other Western nations. However …
* So far, demand destruction is NOT accelerating. [...]
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This is why I hate government most of the time.
According to Reuters, The U.S. Securities and Exchange Commission issued an emergency order on Tuesday placing restrictions on the short selling of shares of certain major financial firms.
Here are 19 stocks where no naked short selling is allowed from July 21 through July [...]
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Oh, Dang! I put a MoneyandMarkets.com column (Consider Gold & Silver Now!) to bed and it is already overtaken by events.
First this …
Global Economic Decline Appears to Be Spreading (WSJ – subscription required).
The rising risk of recession in Europe shows that despite the strength of emerging-market economies such as Russia and China, the economic [...]
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There’s a lot to cover today, so let’s get busy …
ECONOMY
Housing, banking crisis piles pressure on Bush
The housing crisis in the United States is fast spilling into a banking and financial debacle that could destabilize the world economy and put mounting pressure on the Bush administration to act.
Recession-Plagued Nation Demands New Bubble To [...]
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Today, the big news that could move commodities is not in China or the Middle East — it’s right here at home. US banks are failing and the Federal Government is going to bail out Fannie Mae and Freddie Mac. I think this has big implications for the US dollar, and not in a [...]
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Not to get all MacBeth on you, but he’s a guy who literally couldn’t see the forest for the trees(MacBeth’s enemies successfully attack his castle by cutting off branches and disguising themselves as trees). And while many analysts are preaching The End of the World as We Know It — or, conversely, a weird, [...]
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What I’m reading today …
The New Face of Oil ETFs
MacroMarkets new paired oil ETFs launched last week, replacing the previous oil ETFs (UCR and DCR) that were liquidated in June after reaching their termination triggers. Unlike the popular United States Oil (USO), these paired ETFs hold cash instruments and transfer funds between each other, [...]
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Oil price shock means China is at risk of blowing up
The manufacturing revolution of China and her satellites has been built on cheap transport over the past decade. At a stroke, the trade model looks obsolete.
The Next President’s First Task
Today, we don’t need to abolish carbon as an energy source [...]
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Buyers of my new oil report will remember Repsol. Here’s some good news …
Repsol Chases Breakthrough Technology as Offshore Oil Politics Heat Up
Spanish-Argentinean oil major Repsol and the Barcelona Supercomputing Center’s Kaleidoscope Project team at the World Petroleum Congress in Madrid on July 1 announced early research results that lead them to [...]
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Happy Fourth of July. I spent all day traveling yesterday, and the Palm Beach Airport’s wireless wasn’t functioning, so I couldn’t post before takeoff.
Anyway, what did I miss? Well, our “good friends” the Saudis may not be pumping more oil after all. Reuters explains …
Saudi Arabian Oil Minister Ali Naimi said Thursday [...]
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