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...
View ArticleGas 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...
View ArticleExxonMobil 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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