Energy Investing: Scenarios for a Turnaround [View article]
Best and most logical comment I've ever heard.from joe1. All the news about peak oil, China, India, OPEC reducing output, attacks in Nigeria, etc. at the end of the day speculation drives it... Sometimes the speculators react to news, and sometimes they don't....
Oil Guesses Are Wrong Again, Contango Grows [View article]
The consumer has been spooked. Demand continues to drop. Price of oil cannot find bottom until demand levels out. What is so complicated here? Are you saying the drop in oil price is trying to jump ahead to level out demand?
Good article. All involved in the auto industry need to take the hit to re-vitalize them. I run a small company and everyone takes a hit during a bad month including me, (I take the biggest % and $ hit). $73.20 per hour for un-skilled labor (assembly line)?? Many plumbers, electricians, etc do not make that kind of money. They need to cut that back big time.
At the end of the day, the price tells everything about supply and demand. If the speculators, commercial users, and retail buyers are buying, the price will rise. Nobody wants to buy with demand crashing. Looks to me like another guy that is sitting with some high priced futures waiting for the price to rise so he can unload them.
When the numbers and quotes, don't say what you want, give them more numbers and quotes to try and get the price up again.....
Good article. When the Northwest Airlines was near collapse, a 25% paycut was forced on most all the unions, pilots, mechanics, etc. This needs to happen for cars. Management needs to feel the pain too.
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When the numbers and quotes, don't say what you want, give them more numbers and quotes to try and get the price up again.....
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