Commodities
Follow The Footsteps Of An Oil Billionaire
I’m in my car doing about 70 miles an hour on Interstate 17. The radio was softly playing a nice jazz piece. My windows were down a bit, I was enjoying the breeze, and the cool air. I’d spent the morning in Flagstaff helping open up the mountain cabin for the season. Every spring we […]
Is This Toxic To The U.S. Economy?
In recent weeks, I’ve been discussing the oil market. I’ve been talking about peak oil theory and its potential impact. I’ve also been pointing out the short term bearish fundamentals for oil. Strangely enough, the market is ignoring the fundamentals. Oil recently hit a 52-week high of just over $87 a barrel. I believe current […]
Another Moon Shot For “Texas Tea”?
Just last week I was writing about crude oil. I talked about the importance of crude for world economies. We also talked about peak oil theory and its affect on oil prices. Now obviously, there are other important factors affecting oil prices besides “peak oil” theory. Current supply/demand figures, along with economic growth rates (GDP), […]
Will Black Gold Make Investors Rich?
You may remember these lyrics to the old sitcom from the 1960s “The Beverly Hillbillies”. “Come and listen to a story about a man named Jed A poor mountaineer, barely kept his family fed, Then one day he was shootin’ at some food, And up through the ground came a bubblin’ crude. Oil that is, […]
A Good Relationship Gone Bad…
Sometimes relationships hold strong for the long haul… and sometimes good relationships take a turn for the worst. Like a budding romantic relationship, the relationship between the U.S. Dollar and commodities is complex. You see, the financial media (CNBC and the like) will tell you a rise in the dollar translates directly into cheaper commodity […]
He Lied Right To My Face!
The stock market has always had a seedy underbelly. Less than desirable characters are always trying to make a quick buck off the uneducated and inexperienced. Just look at Bernie Madoff or Jeff Skilling of Enron fame. Both these guys would steal candy from a baby if it could make them money. Some con men […]
The Next Natural Gas Takeover Target?
Exxon Mobil (XOM) shocked the investment world this week. The world’s largest publicly traded oil company has agreed to buy XTO Energy (XTO) in an all stock deal for $31 billion. XTO is one of the largest natural gas producers in the U.S. This is just the latest sign of the growing importance of natural […]
The One Question I Didn’t Want To Ask…
I stood on an industrial site in the LA basin a few years back. It was a large, open field surrounded by a chain link fence. Right in the middle sat three large shipping containers. The sun was out and it was getting warm. I was regretting my decision to wear a suit and tie. […]
Did You Grab These Gains?
Right now I’m thinking more about Thanksgiving than the markets. I love the Thanksgiving holiday. My family always hosts a big gathering. Last year my family, extended family, and friends numbered 38 people for the big feast. This year it’s going to be more of the same. So many people attend we have tables everywhere. […]
