Posts filed under “Energy”

Trichet 3, Bernanke 0

Wild day in the pits — DJIA up 213.97, Nasdaq up 46.80 (and over its 200 day moving average!). Crude oil up over $6 intraday, closing up $5.49 to $127.90.

Blame ECB chair Trichet, whose hawkish inflation pronouncements helped tank the greenback and send oil soaring.

In the battle of the Central Bankers, its Trichet 3, Bernanke 0

UPDATE: June 6, 2008 5:48am

See this Bloomberg story,  Trichet Leads Shift From Growth to Beating Inflation

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Category: Commodities, Currency, Energy, Federal Reserve

Uh-Oh: Economist Cover on Oil

Category: Commodities, Contrary Indicators, Energy, Financial Press

Boone Pickens: Speculation a ‘Scapegoat’ for Oil Prices

Billionaire Boone Pickens, founder and chairman of BP Capital LLC, talks about his investment in wind power, the impact of speculation and demand on oil prices and Microsoft Corp.’s efforts to buy Yahoo!

click for video
Boone_pickens

Source:
Pickens Calls Speculation a `Scapegoat’ for Oil Prices: Video
Bloomberg, June 2 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOycL4oJTmSs

Category: Energy, Trading, Video

NYMEX Raises Margin Requirements for Crude

Category: Commodities, Energy, Trading

Dallas Fed: Oil Heading Back Under Par

Category: Commodities, Data Analysis, Energy

Oil Exporters Are Unable To Keep Up With Demand

Category: Commodities, Energy, Markets

The Costanza Energy Policy: 25 Ways to Drive Oil to $150

Category: Energy, Politics, Taxes and Policy

Speculators & Oil Price Spikes, Part II

Category: Commodities, Energy, Markets, Trading

John Authers: Speculators & Oil Price Spikes

Category: Commodities, Energy, Trading

Trouble in the Hamptons?

Category: Economy, Energy