The media and some Wall St. analysts have pressed the point that $90 crude could derail the recovery. The argument seems to make sense unless experts look to the beginning ... Read Full Story »
Several OPEC ministers said they believe $100 a barrel oil prices would represent a proper balance between supply and demand. OPEC will do nothing to increase production before mid-year 2011, ... Read Full Story »
Lost in the optimistic talk about the economic recovery around the world are the things that brought the recession on and the new challenges which may appear next year. The ... Read Full Story »
The FT reports that Goldman Sachs (GS) and Morgan Stanley (MS) both predict that oil prices could move to $10o per barrel in 2011. Jeff Rubin, a former CIBC chief economist ... Read Full Story »
Media reports today are noting a $100 print in oil trading, although we would caution that this appears to be a paper trade from the floor and not an accurate ... Read Full Story »
The great oil sage T. Boone Pickens was just on CNBC for a quick interview while he was out in California today to kick off the Long Beach and Los ... Read Full Story »
T. Boone Pickens was just a guest on CNBC this morning, but this was after he featured his alternative energy company called Clean Energy Fuels Corp. (NASDAQ:CLNE). This stock is ... Read Full Story »
This morning Goldman Sachs has made some major changes to its integrated oil and refining universe to reflect new commodity price assumptions, as well as changes in many cost structures ... Read Full Story »