Gasoline futures have soared 19% over the past two months as traders seem to be betting that prices of gasoline and diesel will continue to rise. Pump prices typically lag behind the futures market by several weeks.
Post Tagged with: "oil prices"
August 16, 2012 06:43
America’s Energy Outlook
Oil and gas not only touches people’s lives everyday whenever you flip on the light or gas up at the gas station but it affects costs of all services and goods. Higher energy costs drive up costs for virtually everything.
August 13, 2012 06:16
Spike in Oil Prices on QE3 Expectations Should be a Warning to the Fed
The rise in Oil and Gas prices in the last month based on hopes that the Federal Reserve will boost asset prices some more should be the biggest warning sign that they need to stop this madness, and let the market down for a change.
July 26, 2012 09:08
Let My People Drill! New Study Shows Mideast Oil Might Not Be Needed by 2025
North Dakota’s oil production has exploded in the past decade with improved horizontal drilling techniques into the Bakken shale and the Three Forks formation below it.
July 23, 2012 03:57
Forget Libor-gate, Oil Market Manipulation Is Far Worse
Consumers are paying an easy $35 dollars per barrel over what they would otherwise dole out for a barrel of oil, if fund managers didn`t use the benchmark futures contracts as their own personal ATMs.
July 2, 2012 03:45
Global recession could lead to $60 oil
Throw in the fact that it seems everybody (governments as well as consumers) is in debt, nobody has any money, credit issues are becoming increasingly burdensome to deficit financing to artificially stimulate growth via the government intervention route, all these factors are forming a perfect storm for the oil market to face some major headwinds for the next 5 years.
June 27, 2012 07:29
Peak oil myth goes bust
Net additional production capacity by 2020 could be 17.6 mbd, yielding a world oil production capacity of 110.6 mbd by that date – This would represent the most significant increase in any decade since the 1980s.
June 6, 2012 05:10
Canada Leads the Way on the Pipeline No-Brainer
Congressional Democrats and Republicans have been so angered by the president’s decision against the pipeline that in mid-April the House passed a short-term transportation bill that would facilitate the next stage of the oil pipeline. The bill passed 293 to 127, with 69 Democrats supporting it. It was the fourth time the House had passed a measure to expedite the stalled project, one of which failed in the Senate by a narrow vote when the president personally lobbied some Democrats to vote against it.
June 4, 2012 05:31
“Green” Energy Receives 82X More in Tax Preferences – Time to Drill, Baby Drill
“Since taking office, Obama has invested billions of taxpayer dollars in private businesses [mostly in renewable energy companies], including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions.”
May 30, 2012 05:12
Center of Gravity in Oil World Shifts to Americas; It’s the “Equivalent of a Category 5 Hurricane”
From Canada to Colombia to Brazil, oil and gas production in the Western Hemisphere is booming, with the United States emerging less dependent on supplies from an unstable Middle East.
