Global Market Comments for June 24, 20081) Rumors of an Israeli attack on Iran drove crude up to $138. It then fell back to $136. 72% of US consumers now want to buy a hybrid car but will have to contend with a long waiting list to get one. 49% are willing to pay a
Global Market Comments for June 23, 20081) It is breathtaking the extent to which the markets ignored the incredible positive results of the weekend's oil summit in Jeddah. The Saudis guaranteed to raise production from 9.4 million barrels/day now to 9.6 million barrels next month to 12.5 million barrels by the end of 2009, and
Global Market Comments for June 23, 20081) It is breathtaking the extent to which the markets ignored the incredible positive results of the weekend's oil summit in Jeddah. The Saudis guaranteed to raise production from 9.4 million barrels/day now to 9.6 million barrels next month to 12.5 million barrels by the end of 2009, and
Global Market Comments for June 20, 20081) Crude crashes, down $7 from yesterdays high to a low of $132 on news that China is raising retail gasoline prices by 17% and diesel prices by 18%. Prices are still well below market levels and may be raised again after the Olympics to prevent rioting during the
Global Market Comments for June 20, 20081) Crude crashes, down $7 from yesterdays high to a low of $132 on news that China is raising retail gasoline prices by 17% and diesel prices by 18%. Prices are still well below market levels and may be raised again after the Olympics to prevent rioting during the
Global Market Comments for June 19, 20081) Natural Gas hit a new high of $13.50.2) Gaming revenues in Las Vegas in April were down $1 billion YOY.3) Donald Trump believes that the US banking system is essentially closed now. Banks are only financing large deals when they get a piece of the equity. The Fed
Global Market Comments for June 19, 20081) Natural Gas hit a new high of $13.50.2) Gaming revenues in Las Vegas in April were down $1 billion YOY.3) Donald Trump believes that the US banking system is essentially closed now. Banks are only financing large deals when they get a piece of the equity. The Fed
Global Market Comments for June 18, 20081) One airline analyst has ranked his companies according to the probability of bankruptcy. American (AMR) is at 33%, United (UAUA) is 25%, Delta (DAL) is 10%, Continental (CAL) is 4% and Southwest and Jet Blue (JBLU) are 0%. Watch out for your frequent flier points!2) The recession is
Global Market Comments for June 18, 20081) One airline analyst has ranked his companies according to the probability of bankruptcy. American (AMR) is at 33%, United (UAUA) is 25%, Delta (DAL) is 10%, Continental (CAL) is 4% and Southwest and Jet Blue (JBLU) are 0%. Watch out for your frequent flier points!2) The recession is
Global Market Comments for June 17, 20081) Natural Gas hit a new high of $13.15. The Persian Gulf is now full of tankers carrying sour heavy crude that no one wants to buy. Deep water drilling rigs are now commanding $600,000/day, up from $100,000/day a year ago. The Saudis are arguing within OPEC for a