It’s all a money game on Wall Street.
Today, Jeff Currie, Goldman Sachs chief commodity strategist said he wouldn’t be surprised if we woke up in summer with $150 oil. Well, I would, and here is why.
The real problem is that nobody ever planned for the US to be producing 7 million barrels of oil every day and rising, there is just not enough demand in the world for this extra oil.
Count on technology to bring the world into a new Oil [and Gas] Renaissance.
We are on the same path as Greece, and Mr. President, you need to recognize that being a true leader is not doing the popular thing but the right thing with regard to fiscal responsibility.
Market Reform is required for futures market like agriculture and energy to avoid the Hedge Fund and Big Bank Malfeasance.
There are very few free lunches in the world, there will be some costs or unintended consequences of this newfound commitment towards a weaker Yen.
Israel hasn`t attacked Iran, huge builds in gasoline products, no jump in demand, yet oil price moved up regardless...
Holding a PhD does not automatically walk you into even a decent paying job any more.
Things change fast in the technology world.
Apart from the slight uptick from the bottom in the housing market, the rest of the economy is just not robust enough to produce earning`s growth.
If anybody should be labeled a lunatic, it should be the Democrats and those that are encouraging these unsound financial spending policies.
Most people are missing the boat regarding the Netflix/SEC tangle as the more relevant issue is the seemingly “selective disclosure” on Facebook by the Netflix CEO.
How does $45 a barrel oil and $2 a gallon gas sound? Expect $45 oil in the future of this renaissance.
Even if the US economy really takes off in 2013, don`t look for oil and gasoline demand to overtake supply in the equation.