Oil & Gas 
Where Is the Price of Oil Heading?(1)
I think everyone is curious, with the recent surge in oil prices, about where the price of oil is heading. Are you bullish or bearish when it comes to oil prices? Obviously consumers are optimistic that prices will stay low, while conversely, oil and gas investors are praying for the days of July, 2008. I [...]
OPEC Cuts Production to Stem Plummeting Oil Prices
OPEC decided to cut its oil production by 1.5 MM barrels last week, about 5% of the oil cartel’s total daily output. But will this really stop the dead weight drop in crude oil prices? “Venezuela’s Oil Minister Rafael Ramirez has said OPEC will need to cut production by at least another 1 million barrels [...]
Oil Price Hits Lowest Level This Year
Oil hit a low of $84.19 a barrel on Thursday, the lowest price we’ve seen since October of 2007. Prices for crude seemed to be about to run out of control, when just this summer, the price of oil had reached an all time high at $147.27 a barrel. This is an almost 43 per [...]
OPEC Calls Emergency Meeting
More Proof that U.S. Demand for Oil is Decreasing?? OPEC will be meeting one month ahead of schedule. “Emergency” meeting? I am posting on this topic again because of another assertion by the Financial Times on the reason for the said decrease. This post is related to OPEC’s “emergency” meeting which is said to [...]