S&P 500
7,615.20
-0.09%
Dow Jones
51,320.00
-0.10%
Nasdaq 100
30,651.40
-0.21%
Russell 2000
2,928.58
-0.15%
FTSE 100
10,383.00
-0.05%
Nikkei 225
68,424.20
+1.37%

Energy

Oil Continues to Drop

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Crude oil continues to fall. The run is now four days long. Worry about the EU economy and slowdowns in China and the United States has trumped the concern that Iran may try to block oil shipments through the Strait of Hormuz. More and more economists have said the low oil prices are not enough of a stimulant to reverse a slide in troubled economies. That is not necessarily true.

No matter what models economists use, there is little precedent for oil prices matched against a rolling set of recessions that have moved from West to East. If unemployment rises and business production slows, the issue of what oil and gas cost will become academic to people and enterprises that suffer the most.

Douglas A. McIntyre

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Jon C. Ogg |

Economic Conundrum: Weak Inflation vs. Slow Retail Sales

What are economists and investors supposed to think when inflation remains low, yet consumers just do not really want to…

Douglas A. McIntyre |

US GDP Growth Moves Toward Zero

A new Wall Street Journal poll of prominent economists revised their collective GDP growth estimate for the year downward.

Paul Ausick |

Another Comment on Consumer Sentiment

Today’s report on consumer sentiment from the Reuters/University of Michigan survey was not what economists, or anyone else for that…

Douglas A. McIntyre |

China’s PMI as a False Marker of Progress

Some economists believe that China’s government-issued data are flawed. Reuters recently published an article titled “China’s Economic Data (Still) Not…

Douglas A. McIntyre |

The Economy Adds 200,000? What The Jobs Reports Means

Economists, based on consensus numbers, believe the eocnomy added 200,000 new jobs in February. ADP reported a 216,000 jump in…

Douglas A. McIntyre |

The Myth Of China GDP Growth

Third quarter GDP growth in China slowed to 9.6% from 10.3% in the second. Economists said this was a return…

Douglas A. McIntyre |

The Global Recovery Now Has Two Big Engines

China’s trade surplus was $6.45 billion in January. Some economists believe that China’s import rise were partly due to higher…

Douglas A. McIntyre |

What’s Important in the Financial World (7/23/2012)

Samsung management said the sales of its flagship Galaxy S III smartphone reached 10 million in the first two months…

Douglas A. McIntyre |

China Shuts Down Lending

The mainland Chinese government moved  in the direction of providing liquidity to its economy last year when it launched it $585 billion…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826