OPEC: No Production Increase
The people at OPEC don't seem to worry about an interruption of oil supply at all, whether it is from the weather or falling production from large countries like Indonesia. ...Read Full Story »
Daily Archives: August 31, 2008
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Middle East Sovereign Funds May Invest In Lehman (LEH)
Through the weekend the management of Lehman (LEH) is desperately meeting with any investors who will hear its case. According to the Telegraph, these includes Korea Development Bank, Chinese broker ...Read Full Story »
UK: Worst Recession In 60 Years
If the US economy looks anything like the one in the UK, Americans should brace for the worst recession since WW II. That would probably mean unemployment of close to ...Read Full Story »
Gustav And $5 Gas
The media is trying to make the case that Hurricane Gustav could drive gas prices back up, perhaps beyond mid-year levels and toward $5. The argument is fairly simple. When ...Read Full Story »
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