Oil Prices Surging: Roundup

Oil Prices Surging

News story from: WSJ, Bloomberg

Will Rising Oil Prices Prevent a Recovery? by Zacks.com

Time to Exit Oil / Gold Pair Trade by Sean Hannon

Using Energy ETFs to Trade Potential Rise in Oil Prices by Ron Rowland

Pricing Oil in Big Macs by Gregor Macdonald

More on: Oil Price, Commodity ETFs, Today's Market

Comments

[The-Stock-M...:]

Oil prices would likely continue rising till the $90-100 range due to increased demand in the summer driving season and gas prices still being way below the prior year highs. Other reasons for the rise would be speculative swaps of money out of stocks into oil, especially since the dollar index is on the downswing. The big boys - GS and MS - have already made their speculation intentions public by upping the oil target prices for the year and by readying oil tankers to store crude. They will do their best to take the prices to decent highs before it crashes down again, like last summer.

Jun 13 08:25 PM

[bindlepete:]

Oil and Gold very desirable hard assets for the inflationary period that is coming over the horizon not that it isn't already here in food, education, gasoline and medical costs just to mention a few.

Wait until the local tax problems come to the forefront and state and local pensions, bonds and public services start to fail. Can yo raise taxes on the unemployed and under employed with any hope of collecting the necessary lucre?

Bid up oil and gold as the media's "happy talk" starts to be challenged and the "green shoots" are found to be fictive in quantity and character.

This decline has a long way to run before stability and even then it it will not/can not return to the over consumptive debt based status of the 2003-2005 period. We have no real exports or credit other than our military forces and goods.

Jun 18 04:45 PM