Posts Tagged ‘Oil’
You know the labor market is tight when the local McDonald’s starts handing out $300 signing bonuses. Workers are coming in from all over, making it tough to find housing. They might sleep in their trucks or pitch tents, but it can get 50 degrees below zero, which makes such a move dangerous.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Bakken Shale formation, Bakken speculation, biggest US oil field, Commodities, Featured, investing in Bakken Shale, Investment News, Investment Strategies, Kodiak Oil and Gas, KOG, North Dakota oil reserve, Oil, oil speculation, US oil reserve
India’s inflation in food prices has been soaring lately — holding for weeks above 17 percent — due to a combination of factors including the weakest monsoon rains in nearly 40 years, new taxes on gasoline and diesel, and increased excise taxes on a wide variety of products.
From BusinessWeek:
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Agriculture, budget deficit, Commodities, diesel, DR EXTRA!, emerging markets, Energy, excise taxes, Featured, fiscal stimulus, food prices, gasoline, India, Inflation, Markets, Oil, Rocky Vega
Well… After a couple of weeks of waiting, and wondering if it was going to print or not… There was a very nice article in The Wall Street Journal on Saturday that featured… Me! And my Pfennig! I’m sure that most of you missed it, so if by chance you would want to read what Jeff Opdyke had to say about me and the Pfennig… Click here.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:BLS, BLS jobs number, CAD, CNY, commodity currencies, currencies, currency trading, Debt and Deficit, ECB, EUR, European Monetary Fund, Featured, GBP, Greek debt crisis, jobs data, MXN, NOK, Oil, oil price rise, petrol-currency rally, RBNZ, SNB, The Daily Pfennig, unemployment, US unemployment rate
Iraq will pump up oil production from 2.4 million barrels a day now to 12 million barrels by 2017. That’s the promise of Prime Minister Nouri al-Maliki, who’d like to hold onto his job after elections on Sunday.
It’s not 2004 anymore. And it’s no longer in Washington’s interest to play up purple fingers in Iraqi elections. So let’s bring you up to speed on what’s been happening there since the “surge” was deemed a success:
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Addison Wiggin, Featured, foreign access to oil fields, Iraqi oil fields, Oil, oil production, Rumaila oil field, US access to oil fields, war in Iraq
Markets in the US ended yesterday’s session in the red. The Dow was off by 100 points, or around 1%. The broader S&P 500 fell a bit harder, down 1.3% at the close. Gold slipped, too. The yellow metal sunk below the $1,100 mark and now trades for about $1,095 per ounce. Oil gained a smidge, to just shy of $80 a barrel.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Commodities, Energy, Featured, global energy demand, global energy outlook, macroeconomics, market moves, Markets, Oil, oil price rise, oil production, peak oil, The Daily Reckoning
According to Addison Wiggin at The 5 Minute Forecast, “Schlumberger just pulled off a super-sized acquisition of Smith Intl. In an all-stock, $11 billion transaction, SLB is now by far the world’s biggest oil service company. Should revenues stay the same, Schlumberger will be double the size of Halliburton, its closest competitor.”
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:energy investing, Featured, gas business, investing in oil, Investment News, Investment Strategies, Markets, Oil, oil market, oil price recovery, Schlumberger acquisition of Smith Intl.
Based on its new quarterly report, Houston-based onshore, rig-based well servicing contractor Key Energy Services (NYSE:KEG) is showing renewed signs of sales growth.
Agora Financial expert editor Chris Mayer dug deeply into the numbers and had the following opinion:
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Argentina, Commodities, DR EXTRA!, emerging markets, Energy, Featured, KEG, Key Energy Services, Markets, Mexico, Oil, onshore, quarterly report, Rocky Vega, russia, sales growth, Science and Technology, well servicing contractor
We are entering a time of year that in recent decades has been good for energy prices and energy equities.
Combine that with new estimates that domestic and global energy demand will rise in 2010, and we have the makings of a promising period for investors. March tends to be one of the best months of the year for both crude oil and natural gas.
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We are entering a time of year that in recent decades has been good for energy prices and energy equities.
Combine that with new estimates that domestic and global energy demand will rise in 2010, and we have the makings of a promising period for investors. March tends to be one of the best months of the year for both crude oil and natural gas.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Commodities, crude oil, DR EXTRA!, Energy, Featured, global energy demand, Markets, natural gas, Oil, oil price rise, winter heating season, XOI
OK… Well, the “experts” that thought the trade deficit was going to narrow in December got their lunch handed to them yesterday, when not only did the trade deficit NOT narrow, but widened from $35 billion to $40 billion! Now that stinks! And… I’ll tell you right now, it will deduct from the 5.7% GDP figure that was printed a couple of weeks ago. Yes, this increase in the trade deficit will probably reduce the GDP figure to at least 5%.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:AUD, CAD, commodity currencies, currencies, currency rally, currency trading, Debt and Deficit, Dollar Decline, emerging markets, EUR, Featured, Investment News, Markets, NOK, Oil, oil price, rate hikes, RBA, Recession, RUB, SEK, The Daily Pfennig, U.S. inflation rate
Arthur Laffer, former head of the Office of Management and Budget, has decided that President Obama’s 2011 budget “is the perfect plan for catastrophe.” Laffer has a variety of policy recommendations he presents in an interview released today, and some of his more interesting thoughts include the three we’ve transcribed below:
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Arthur Laffer, bailouts, Commodities, currencies, Debt and Deficit, Dollar Decline, DR EXTRA!, Featured, Gold, Markets, monetary policy, Office of Management and Budget, Oil, Recession, Rocky Vega, stimulus, unemployment, unfunded liabilities
The biggest emerging economies have ambitious plans that require a greater share of the world’s limited commodities. This trend is spurring profound and permanent disruptions in how these resources are allocated now and in the future. For investors, these disruptions present opportunities.
Simply put, an investment in natural resources is a vote of confidence in global economic growth.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Agriculture, Commodities, copper, emerging economies, emerging markets, Featured, infrastructure investment, limited commodities, Markets, Oil, resources, steel
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