Market Comments for May 16, 20081) Goldman Sachs (GS) put out a report predicting that the price of crude will average $141 during the second half of the year. Crude soared from yesterday's low of $120 to $127.80. I don?t buy it. The Saudi oil minister said that his country would increase production to meet
Market Comments for May 15, 20081) Wild swings in crude today related to the options expiration. There was a proposal from congress that margin trading in crude be eliminated. This would force about one third of the longs in the market to liquidate their positions. Saudi Arabia is sending 16 million barrels of crude to
Market Comments for May 15, 20081) Wild swings in crude today related to the options expiration. There was a proposal from congress that margin trading in crude be eliminated. This would force about one third of the longs in the market to liquidate their positions. Saudi Arabia is sending 16 million barrels of crude to
Market Comments for May 14, 20081) Natural Gas hit a new 3 year high of $11.80 on unexpected maintenance delays in the transmission system. Surprise, surprise! For natural gas to trade at the same BTU value as crude, it needs to rise to $25, or crude has to fall to $67/barrel. Crude has become so
Market Comments for May 14, 20081) Natural Gas hit a new 3 year high of $11.80 on unexpected maintenance delays in the transmission system. Surprise, surprise! For natural gas to trade at the same BTU value as crude, it needs to rise to $25, or crude has to fall to $67/barrel. Crude has become so
Market Comments for May 13, 20081) New high in crude at $127. Natural Gas hit $11.70, and is now selling at a 47% discount to crude on a BTU basis.2) You can now buy a home ethanol distiller for $7,000 after rebates. The EFuel 100 Microfueler will convert 70 pounds of sugar into 5 gallons
Market Comments for May 13, 20081) New high in crude at $127. Natural Gas hit $11.70, and is now selling at a 47% discount to crude on a BTU basis.2) You can now buy a home ethanol distiller for $7,000 after rebates. The EFuel 100 Microfueler will convert 70 pounds of sugar into 5 gallons
Market Comments for May 12, 2008 1) The US now accounts for 24% of world GDP and the emerging markets 30%. Expect the US to shrink and emerging markets to grow substantially from here.2) The USDA put out a very negative crop report due to poor weather during the planting season. Next year's corn harvest
Market Comments for May 12, 2008 1) The US now accounts for 24% of world GDP and the emerging markets 30%. Expect the US to shrink and emerging markets to grow substantially from here.2) The USDA put out a very negative crop report due to poor weather during the planting season. Next year's corn harvest
Market Comments for May 9, 20081) Crude hits $126. Fact of the day: The US uses 25 barrels of crude per person per day, Europe 12, Japan 6, and China 1. Natural Gas hit $11.60, which I expected.2) Google has become the oxygen of the Internet and is going from strength to strength. It has