Posted on April 13, 2005 by Preston Danforth

Another great piece from Capital Spectator:

The U.S. balance of trade slipped to another all-time deficit in February–$61 billion vs. $59 billion in January, reports the U.S. Census Bureau. If you thought the news would take a hefty bite out of the dollar, you were mistaken. By the close of Wall Street trading today, the dollar [...]

Posted on April 13, 2005 by Preston Danforth

The Capital Spectator has a great piece on Consumption Economics & the Energy Crisis:

CONSUMPTION ECONOMICS
In the good old days of energy shocks, consumers cut back when prices jumped. But cutting back is no longer popular sport in the current bull market for oil.
Long gone are the days in the 1970s, when higher oil prices eventually [...]

Posted on April 01, 2005 by Nancy

According to a recent Reuters article, Goldman Sachs is predicting that oil prices “could ultimately surge all the way above $100 a barrel.” The company says this “super-spike” period may last for years as prices reflect the increasing demand for oil worldwide (and especially in the emerging economies of China and India). Oil prices have [...]

Posted on March 22, 2005 by site admin

USA Today wonders how long Wall Street will remain blase about oil prices?
Adam Shell reports:

NEW YORK — $50 oil has not turned out to be a major depressant on stocks after all. But what about crude at $60 per barrel? $65? $70?
Or how about $80, which would roughly match the inflation-adjusted peak hit in 1981?
Crude, [...]

Posted on December 20, 2004 by site admin

PETER CAVE: A mystery Russian company has bought what’s been described as the heart of the country’s beleaguered oil giant, Yukos. The company’s main production unit was seized by authorities as part of a continuing claim for back-taxes which now total around $30 billion.

$30 billion in back taxes? And you thought that few thousand [...]

Posted on November 03, 2004 by site admin

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