Posts filed under “Energy”

Oil Movements

With oil over $97 today, I thought this graphic from FT was apropos:

The rising oil price, which flirted with $100 a barrel this week, risks pushing the global economy, already threatened by the credit squeeze, into a deep and prolonged slowdown. Our map examines the world’s largest oil producers, consumers, and how oil flows around the world

Oil_movement

Source:
Oil: Producers & Consumers
http://media.ft.com/cms/19d4f43e-a1a5-11dc-a13b-0000779fd2ac.swf

Category: Commodities, Energy, Financial Press, Web/Tech

Cartograph of Oil Reserves

Category: Commodities, Data Analysis, Energy

Crude Oil = $94

Category: Commodities, Energy, Federal Reserve, Technical Analysis

Oil = $88

Category: Commodities, Consumer Spending, Economy, Energy, Technical Analysis

Inflation? What Inflation?

A tale of two headlines:

Inflation Fears Hit Eurozone

          and

Goldman Sees Funds Rate Cut to 3%

Won’t someone please explain this to me?

How is it possible that the regions of the world with strong currencies — like Europe, U.K., Australia, and Canada — are having inflation problems. And yet at the same time, the nation having a record low currency — i.e., the United States and our Dollar — doesn’t seem to either inflationary pressures (At least according to official CPI data). And we seem to have little concern about further currency induced price increases.

Am I the only person who finds this incongruent?

If Goldman Sachs is correct, and the Fed does eventually cut rates to 3% — what might that mean for various dollar priced commodities like Oil & Gold?

Probably very little — if (and this is a big IF) we are in the throes of a recession. But what if the Bulls are right, and this is merely a mild mid cycle correction?

A 3% Fed rate could mean Oil at $150 and Gold at $1200.

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Excerpts after the jump . . .


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Sources:

Inflation fears hit eurozone

By Ralph Atkins in Frankfurt and Krishna Guha in Washington
FT, November 27 2007 18:02

http://www.ft.com/cms/s/0/55ff8ca6-9d10-11dc-af03-0000779fd2ac.html

Goldman Sees Funds Rate Cut to 3%
Greg Ip
WSJ, November 27, 2007, 9:26 am
http://blogs.wsj.com/economics/2007/11/27/goldman-sees-funds-rate-cut-to-3/

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Category: Commodities, Credit, Derivatives, Economy, Energy, Inflation

Crude Oil = $99

Category: Commodities, Energy, Technical Analysis

PPI Follow Up

Category: Commodities, Data Analysis, Energy

Widening Spread Between Nat Gas and Crude Oil

Category: Commodities, Energy, Technical Analysis

Are Retail Stocks Bargains?

Category: Consumer Spending, Economy, Energy, Retail

Crude Oil = $98; Gold = $845

Category: Commodities, Currency, Energy, Federal Reserve, Inflation, Markets