With Halloween just around the corner, it is fitting that today’s headline on CNN.com was “Stocks Headed for a Bloodbath.” Not exactly what you want to see first thing in the morning, but at least it doesn’t keep you guessing.
October 27th, 2008 | Kate Incontrera | 1 comment | ContinuedAll Posts Tagged With: "oil prices"
Oil Prices Decline but Consumers Aren’t Out of the Woods Yet
Even though relief is being felt at the pumps, prices of most consumer products that were raised when the oil price surged have not yet come down…
September 4th, 2008 | Bill Bonner | 0 comments | Continued
Oil Dropped to a Four-Month Low
An increase in the price of oil looked ineluctable in the early ’80s too. So did higher and higher interest rates – over 20%…
September 3rd, 2008 | Bill Bonner | 0 comments | Continued
Top Ten Reasons Oil Prices Could Fall Twenty Percent
Thanks to you the DR Australia now has over 30,000 readers. It’s a diverse bunch, with readers from all over the planet, and a huge variety of practical experience and wisdom. We know that our own experience can only offer so much. Last week we asked what could make the oil price fall by 20%, our inbox was overflowing. Since it’s been such a dismal few weeks in the market, we came up with our own David Letterman-style top twenty list.
July 9th, 2008 | Dan Denning | 1 comment | Continued
No Spike in Oil Price Following IEA “Third Oil Shock” Announcement
The International Energy Agency (IEA) gave the oil market a boost when it said supply would remain tight and that the world was in the middle of its third oil shock. Thanks for the newsflash IEA. The IEA announcement did not create a super spike in oil. This leads us to believe oil may be running out of gas, at least in the short-term. Event-driven price increases are almost all played out, barring an Israeli attack on Iran.
July 2nd, 2008 | Dan Denning | 3 comments | Continued
Each American Uses 25 Barrels of Oil Per Year
The spike in oil prices he described took place on March 12th, 2003, pushing the price of a barrel of crude all the way up to $37.83 and the price of a gallon of gasoline to $1.72. Yesterday, oil closed at $137 and gas sells for $4.06.
June 26th, 2008 | Bill Bonner | 3 comments | Continued
Inflation Hasn’t Yet Reached the Wild Levels of the 70s
Much too late in the game, Fed chairmen Ben Bernanke is talking up the dollar, as if kind words were any replacement for a real yield. Bernanke is trying to talk people out of being worried about the very inflation his monetary policy has caused worldwide. He told listeners to a commencement speech at Harvard that heightened inflation expectations by the public are a “significant concern.”
June 5th, 2008 | Dan Denning | 1 comment | Continued
The Price of Oil is in a Bubble
The main reason for the lowering of the forecast is a sharp increase in commodity prices and in particular the price of oil, which Fed officials fear could ignite inflation expectations and lift the underlying rate of inflation. On Friday, May 23, the price of oil closed at around $132/barrel. The yearly rate of growth of the price of oil jumped to 106.3% from 72.9% in April.
June 5th, 2008 | Frank Shostak | 2 comments | Continued
Price of Eggs Go Up as Oil Prices Go Up
The price of eggs has gone up 30% in the last 12 months. Why the big increase? Because the things that go into making an egg have gone way up – feed for the chickens, heat, light, and transportation.
June 4th, 2008 | Bill Bonner | 3 comments | Continued
High oil Prices are Now Oozing into the Entire Economy
When the Fed began cutting rates last September, the price of oil shot up. High oil prices are now oozing into the entire economy…greasing up prices for everything from cucumbers to diapers. And the trends that held consumer prices down for so long are shoving them in the other direction.
June 3rd, 2008 | Bill Bonner | 3 comments | Continued