January 2, 2013

Global Markets Comments January 2, 2013 SPECIAL ENERGY ISSUE Featured Trades: (OXY), (BP), (OIL), (NATURAL GAS), (UNG), (NSANY), (BP), (XOM), (PGE) Occidental Petroleum Corporation BP PLC iPath S&P GSCI Crude Oil Total Return Index ETN United States Natural Gas Fund, LP Nissan Motor Co. Ltd. Exxon Mobil … [Read more...]

Take a Look at Occidental Petroleum (OXY)

Armand Hammer

There are a lot of belles at the ball, but you can't dance with all of them. While a student at UCLA in the early seventies, I took a World Politics course which required me to pick a country, analyze its economy, and make recommendations for its economic development. I chose Algeria, a country where I had spent the summer of 1968 caravanning among the Bedouins, crawling out … [Read more...]

The True Cost of Oil

ObamaSaudi-1

I received some questions last week on my recent solar pieces as to whether I minded paying more money for “green” power. My answer is “hell no,” and I’ll tell you why. My annual electric bill comes to $1,500 a year. Since the California power authorities have set a goal of 33% alternative energy sources by 2020, PG&E (PGE) has the most aggressive green energy program in … [Read more...]

January 2, 2013 — Quote of the Day

falling_man

We have been pretending that we’re too big to fail. We’re not too big to fail, You can jump off of a 90 story building and feel fine for the first 89 stories. It’s the sudden stop at the end that tells you you’re not.” said Tom Friedman, New York Times columnist and author of Hot, Flat and Crowded.   … [Read more...]