Category Archives: Oil

Oil

Louisiana Highway Hit By Gustav –

Posted on 2. September 2008 by Jim Sutliff

Gustav made landfall on the Louisiana highway that is the main road for energy related traffic.  The highway is only two lanes and a mere two feet off the ground.  Oil installations may have survived Gustav but the fate of … Continue reading →

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Hurricane Gustav May Shutdown Oil –

Posted on 31. August 2008 by Jim Sutliff

Hurricane Gustav may hit the gulf oil and natural gas harder than Katrina.  Gustave is expected to be a category 4 or 5 when it hits the offshore oil installations this weekend.  Evacuations have already begun and the return time … Continue reading →

Posted in Gasoline, General, Infrastructure, Investments, Natural Gas, Oil | Leave a comment

Worse Than Katrina?

Posted on 29. August 2008 by Jim Sutliff

Jim Rouiller, a senior enrgy meteorologist has stated that, “A land strike to the west of New Orleans will place this great city within the most dangerous part of the storm, Gustav has the potential to generate much more damage … Continue reading →

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Russian Aggression & Lower Dollar –

Posted on 21. August 2008 by Jim Sutliff

Oil is yet again on the march upward.  Oil broke the $120 mark after rising over $6 in early morning trading.  A lower dollar helped a charge that was fueled by concerns over Russian aggression. To view a related article, … Continue reading →

Posted in Currency, Economic News, Gasoline, General, Investments, Oil, Options & Futures, Regulatory | Leave a comment

CME & NYMEX Approve Merger –

Posted on 19. August 2008 by Jim Sutliff

CME and Nymex shareholders voted to approve the merger.  CME is the world’s largest derivative exchange and NYMEX is the energy and metals market.  To view a related article, please click here: http://www.forbes.com/topstories/feeds/reuters/2008/08/18/2008-08-18T204808Z_01_N18475834_RTRIDST_0_CME-NYMEX-VOTE-URGENT.html James Sutliff

Posted in Banking, Currency, Economic News, Investments, Metals, Natural Gas, Oil, Options & Futures, Regulatory | Leave a comment

Pickens Meets Obama –

Posted on 17. August 2008 by Jim Sutliff

T. Boone Pickens has met with Obama to discuss possible energy policies.  This is similar to a meeting that he had with McCain just one week ago.  Pickens is the founder of BP Capital and is also a billionaire who helped … Continue reading →

Posted in Alternative Energy, Gasoline, Hedge Funds, Natural Gas, Oil, Political News, Private Equity, Regulatory, Venture Capital | Leave a comment

Retailers Rise –

Posted on 11. August 2008 by Jim Sutliff

Oil jumped as much as four dollars today due to an inventory surpise and a weaker dollar.  Crude oil inventories fell 400,000 barrels and gasoline stocks fell 6.4 million barrels.  These numbers were not in line with expectations.  The weaker … Continue reading →

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Stocks Gain As Oil Drops –

Posted on 9. August 2008 by Jim Sutliff

Stocks posted big gains on the heels of much lower oil prices.  Oil fell almost $5 again today which is due to the bleak economic outlook.  Oil traders make money from volatily so more price swings should be expected.  The … Continue reading →

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Crude And Copper Lead Slide –

Posted on 5. August 2008 by Jim Sutliff

Prices for crude oil and copper led to a slide in the commodities segment.  Crude oil was down almost $3 which is an additional decline from the slide it took on Monday. To view a related article, please click here: http://www.bloomberg.com/apps/news?pid=20601213&sid=atQu9RDynR1g&refer=home … Continue reading →

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Storm Has Limited Effect –

Posted on 4. August 2008 by Jim Sutliff

Even with a tropical storm closing in on gulf refineries oil still fell over $5 at one point today.  The storm coupled with tensions in Iran would normally make for expensive oil but supplies are rising.  Rising supplies and predictions … Continue reading →

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Oil Demand Softens –

Posted on 1. August 2008 by Jim Sutliff

Oil demand looks as though it is showing signs of weakness.  As demand softens the price should continue to fall.  Weaker demand coupled with legistlation looking to curb speculation, should prove to lower prices. To view a related article, please … Continue reading →

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Oil Below $125 –

Posted on 23. July 2008 by Jim Sutliff

Oil continues to fall and has dipped below the $125 dollar mark.  Continued movement on the downside may happen with Congress considering legislation to limit speculative trading. To view a related article, please click here: http://www.bloomberg.com/apps/news?pid=20601087&sid=aHLWg6Vg1XYs&refer=home Jim Sutliff

Posted in Gasoline, Investments, Oil, Options & Futures, Political News, Regulatory | Leave a comment

$10 Dollar Decline –

Posted on 15. July 2008 by Jim Sutliff

Oil Tumbled $10 dollars on a weaker dollar and statements by Bernanke.  Much of the decline came from program trading when oil fell below $140.  The price has rebounded a bit but is still down almost $7 dollars for the … Continue reading →

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After Hours –

Posted on 13. July 2008 by Jim Sutliff

Oil falls slightly in after hours trading due to news from Paulson.  The perceived support of Freddie Mac and Fannie Mae helped to ease oil prices but it should be pointed out that trading is very light.  Once the week … Continue reading →

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North Dakota REIT Reaps Oil Benefits –

Posted on 11. July 2008 by Jim Sutliff

The North Dakota REIT has posted 11 straight quarters of growth from operations and it’s starting to draw attention.  One of the primary reasons for the housing boom is the rise of oil.  North Dakota is the eighth biggest oil … Continue reading →

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