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Middle East Torpedo Attacks Send Oil Prices Soaring

Middle East Torpedo Attacks Send Oil Prices Soaring

Oil prices jumped on Thursday…

Expect More Bearish News For Oil

Expect More Bearish News For Oil

A very bearish inventory report…

Energy / Oil Prices

Could a Variable Oil Tax Make this the Last Oil Price Shock?

Could a Variable Oil Tax Make this the Last Oil Price Shock?

Mar 03, 2011 at 09:24 | Ed Dolan

It must be Groundhog Day. Events in Libya have pushed world oil prices over $100 a barrel yet again. Retail gasoline prices, usually low this time of year, are at…

Crude Oil Price Hits $120

Crude Oil Price Hits $120

Mar 02, 2011 at 14:12 | Bruce Krasting

Crude oil from the “light end of the barrel” hit $120 this morning. Forget what Bernanke and the MSM are telling you. They keep showing the WTI price. Even supposedly…

At Least One Eurozone Country Will Default if Brent Crude Rises to $150 a Barrel

At Least One Eurozone Country Will Default if Brent Crude Rises to $150 a Barrel

Mar 02, 2011 at 10:06 | Business Insider

If the price of Brent crude oil surges to $150 a barrel, one eurozone country will default and the whole region will fall into recession, according to Marie Diron of…

$100 Oil and the Economy – Is the Worst Behind Us?

$100 Oil and the Economy – Is the Worst Behind Us?

Mar 02, 2011 at 08:17 | Cumberland Advisors

Some folks look at the $100 oil price and conclude that it has stabilized and that everything will be OK.  They argue one can now sell the oil stocks and…

High Oil Prices and Recessions

High Oil Prices and Recessions

Feb 28, 2011 at 07:53 | Gail Tverberg

The idea that high oil prices cause recessions shouldn’t be any surprise those who have been following my writings, or those of Dave Murphy, or those of Jeff Rubin. Yesterday,…

How Would the Economy be Affected by $100 Oil?

How Would the Economy be Affected by $100 Oil?

Feb 28, 2011 at 07:41 | Business Insider

Oil has crossed the $100 threshold a couple times in the last day or so, but there’s still a lot of confusion over what that means. To be sure, predicting…

Don’t Compare the Current Oil Situation to $140 Oil in 2008

Don’t Compare the Current Oil Situation to $140 Oil in 2008

Feb 26, 2011 at 12:52 | Hidden Levers

There’s been too much cacophony about the Libya unrest.  Rather than be beholden to the sensationalist financial media and just fear monger over Oil prices, it’s a better idea to…

Nomura: $220 Oil Possible if Libya and Algeria Halt Oil Production

Nomura: $220 Oil Possible if Libya and Algeria Halt Oil Production

Feb 24, 2011 at 07:51 | Joe Weisenthal

Forget the biggies. If just Algeria and Libya were forced to stop production, oil could rocket to $220.That's according to Nomura (via ZeroHedge): We have identified three distinct…

The True Cost of High Oil

The True Cost of High Oil

Feb 23, 2011 at 22:27 | Mad Hedge Fund Trader

Economists are furiously downsizing their economic growth forecasts for 2011 in the wake of the oil price spike, both for the US and for the world at large. Since last…

Why are WTI and Brent Prices so Different?

Why are WTI and Brent Prices so Different?

Feb 22, 2011 at 09:53 | Gail Tverberg

We have all heard at least a partial explanation as to why West Texas Intermediate (WTI) and Brent prices are so far apart. We have been told that the Midwest…


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