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Recycling hits bottom with the economic slow down

Last year and even into the summer of this year metal prices were at all time highs. Recycling metals was so profitable that new laws and regulations were set in place by state governments to require...

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Oil Closes this week just under $47 a barrel

After a fairly rough week on the market, oil has had too had a volatile week. The economy as well as lower demand has plagued the oil market for weeks and this week was no different. It’s hard to think...

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OPEC president wants to cut production by “way more” than 1 million barrels

OPEC President Chakib Khelil, said that the OPEC meeting this week will likely come to the decision to cut production by “way more” than 1 million barrels. The reason he gave for such a high cut was...

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Oil drops to another 4 year low

Despite the fact OPEC announced a 2.2 million per day drop in oil production yesterday, oil traded around $36 a barrel today. The last time oil closed so low as July 2004. This just proves further that...

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Gas exporting states start their own cartel.

After seeing the damage OPEC can do to oil, leading natural gas exporters have convened to create their own cartel. ” ‘A new organization has been born today…. The charter has been agreed. The...

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Stocks traded slightly up on Christmas Eve

Santa brought a little gift to investors on Christmas eve; an end to the five day losing streak in the market. Christmas Eve is a quiet trading day on Wall Street, but it was enough to increase the Dow...

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Economy beats Middle East violence, oil falls today

When watching oil prices it is a struggle between the economic outlook and other external factors. Yesterday the violence between Israel and Hamas caused oil to jump because of fears of output and...

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Could use some ideas for topics.

As many of you have probably realized, I am the only current blog writer on this site. I’m sure that this isn’t going to be the place where you find out what oil is doing from day to day (at least not...

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Pickens says that oil will be at $100 a barrel again, just not until 2010.

T. Boone Pickens, while I would rather not revisit that name, the recent news that he thinks that oil will surge back up to $100 a barrel in 2010 grabbed my attention, because I think he only made the...

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Chevron may have large drop in fourth quarter earnings

After months and months of spectacular earnings and record profits, Chevron expects to see a significant drop in earnings for the fourth quarter. From Reuters: Because market conditions had changed...

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Another so called recession proof industry starts decline

Over the summer, a little picture was being passed around the internet of a small gas station or convienicne store that had a sign in front that said “Beer, now cheaper than gas.” Since then oil prices...

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Oil and gas prices are playing an interesting game

Everyday oil prices fluctuate, sometimes more than the overall market itself. Oil had a bit of a rally just after New Year’s with the “good” outlook and the fighting in the Middle East, but now it has...

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President elect Obama’s speech today from the Lincoln Memorial

Today on the steps of the Lincoln Memorial in front of thousands President elect Obama gave a speech to the waiting crowd, here’s the transcript: “I want to thank all the speakers and performers for...

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Full text of President Obama’s inaugural speech

Just after noon eastern time, Barack Obama became the 44th President of the United States. He gave an inaugural speech that told Americans to be hopeful but hard times are still ahead. Here is the text...

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Strike delayed for U.S. refinery workers

The United Steelworkers Union said today that it would give a 24 hour extension to U.S. refinery workers’ labor contracts. The move will delay a strike that would stop half of the United States...

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Why are gas price rising while oil prices are relatively low?

With oil prices hovering around $40 a barrel, why have gas prices been on the rise since the beginning of the year? Usually gas supplies start to decline from February to May because refiners begin...

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States with lower than average unemployment rates

Smart Money compiled a list of 5 states that have low unemployment and decent job outlooks as compared to the rest of the country. Topping the list is Wyoming. Wyoming has a 3.4% unemployment rate, the...

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More explanations for why gas costs more than it should right now

West Texas crude oil is what is always being quoted when you’re looking at the “price of a barrel of oil” and it has always been a more premium grade of oil, but because of our economic problems in the...

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Oil prices fall below $35 on economic outlook

Today the March delivery for light sweet crude fell below $35 a barrel. The March delivery will be closing on Friday and the April delivery is actually up over $37 a barrel today. The decline in price...

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OPEC meets to end overproduction

The Organization of the Petroleum Exporting Countries met in Vienna Saturday and called for an end to “overproduction” by some members to increase the price of oil. The “overproduction” makes up for...

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CPI increases at the greatest rate since July

In July 2008 gas prices were at all time highs and the consumer price index was at 0.8% for the month. Since then, oil has fallen to lows it hasn’t seen in nearly 5 years and CPI has steadily decreased...

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The Pitch – Oil prices versus the price at the pump

Why are gas prices so high when the price of oil is low? Question: Oil was trading around the $35-$45 a barrel mark for over a month (February – March). Why was the price of gas per gallon going up...

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Gas to remain in the $2 range throughout the summer

The Energy Information Administration said that gas prices will remain in the $2 range through September, averaging $2.23 a gallon through the end of the summer. The agency said that the monthly...

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ExxonMobil overtakes Wal-Mart on Fortune 500

WalMart, which has held the top spot on the Fortune 500 list for the past 6 of seven years, gave it up today when Exxon Mobil overtook the retail giant, showing that the falling oil prices has little...

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Disruptions in the oil supply could cause a concern for national security

A disruption in the supply of oil could cause serious problems for the United States economy. Rather than an actual dependence on foreign oil, the supply of oil and the price increase that would...

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The price of oil falls as OPEC mulls production cuts

It seems as though the Oil and Petroleum Exporting Countries, or OPEC, has finally gotten exactly what they want. The price of a barrel of oil reached six month highs the other day and now there is a...

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Gold Prices Static, Dollar Falls, Stocks Hike

Despite a weaker United States currency report yesterday, gold prices really did not change. On Monday, the dollar fell against other major world currencies. As we have discussed before, gold is...

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From Riches to Rags

The Wall Street Journal has begun exposing how the New York financial sector is in such dire straits right now that some former stock gurus have gone to the lowly life of working for a living. For...

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If something were to happen to oil, then we could all start having some real...

A disruption in the supply of oil could cause serious problems for the United States economy. Rather than an actual dependence on foreign oil, the supply of oil and the price increase that would...

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Oil Prices Being Driven Higher by Supply Concerns

The surging price of oil has market and political commentators buzzing. At the time of this writing, West Texas Intermediate (WTI) crude is trading north of $110 per barrel and Brent Crude is hovering...

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