Chart of the Day: Inflation Adjusted Crude

Crude has been rallying and is once again approaching $50
per barrel. The mild December lulled traders (who apparently forgot it gets cold
in the Winter) into leaning the wrong way. In addition to the recent cold snap,
Iran has been of particular interest as tensions have been escalating.

                               35 Year Oil chart

20050126

20050126b

source:  Chart of the Day

CotD writes: Today’s chart illustrates the degree by which OPEC oil
production plunged and oil prices surged following the last Iranian crisis
(1979).” Following the 2001 US recession, the world is increasingly relying
upon greater OPEC oil production and meet its energy appetite, particularly
from U.S. and China.

>

Random Items:

Linux, Inc.

Falling oil prices clouded scrutiny of decelerating profits

Central banks shift reserves away from US

How copyright could be killing culture

‘CNET bows to the power of blogs 

How to Interrogate Terrorists

>

Quote of the Day:

“Whenever you find yourself on the side of the majority, it
is time to pause and reflect.”   
-Mark Twain

Category: Economy

Sorry, please try again

Category: Markets

Yes, but . . .

Category: Economy, Markets

Sliding Dollar: Hidden Strengths? Miracle Cure? None of the above?

Category: Economy

Pro & Con of FCC Chair Michael Powell’s Tenure

Category: Finance, Media, Politics

Getting closer

Category: Investing, Markets

Wall Street Scandals diagram

Category: Finance

Good New/Bad News

Category: Commodities, Economy

WSJ Poll gives Powell an “F”

Category: Finance, Media

Chart of the Week: Earnings & Dividends

Category: Markets