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Along with precious metals, I still think that oil and gas service companies are going to do very well in 2006. Most energy producing companies, both small and large, have a lot of cash for exploration and drilling. With oil over $50 a barrel, it really is a…
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The big oil stocks have done very well over the last three years, but where's the growth in energy right now? We're still very much embroiled in a high commodity price cycle, but some are wondering if the opportunity has now passed. As I told you before, my…
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A lot of bad news is already priced into the oil market. Many futures participants contend that there is, approximately, a $10 per barrel premium factored into current oil prices because of hedge funds' large speculative positions. I don't doubt this. It is hard to imagine, however, just…
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More and more people I know are talking about buying diesel cars to try to beat high gasoline prices. Of course, diesel prices have been on the rise as well. In some jurisdictions, diesel prices are roughly the same as regular gasoline. Europeans have always been big users…
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And so it goes with our continuing energy woes. It doesn't look like the prices of oil and gasoline are going to recede soon. I must admit, I fear for both GM and Ford. GM, in particular, has a lot of exposure to gas-guzzling SUVs and pickup trucks.…
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Did you notice the slip in oil prices last week from over $66 a barrel for spot oil on the New York Mercantile Exchange to just above $63 last Thursday? So what gives? On the surface, it is clear that the market is still trying to adjust to…
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Imagine waking up one morning to this news headline: "Iraq stops exportation of oil indefinitely... prices top $100 a barrel!" Could it happen? Yes, it could. In fact, just two days ago, on August 30, 2004, officials at Iraq's state-run oil company told the Associated Press that oil…
