Prices are up all over the U.S. from this time last year. However, we are still paying far less for gasoline today than we did for most of the last decade.
In the 21st century, an army needs more than food and ammunition. Modern armies need vast amounts of oil to win.
The oil business isn’t shutting down anytime soon. That means these stocks are valuable, even though their shares are plummeting right now.
There is a clear downward trend in the seasonal pattern for this commodity that is set to last until the end of the year.
The sentiment is nearly unanimous: Oil is expensive to extract, and there’s no way oil companies can make money at $50 per barrel. However, it’s not true.
Three weeks ago, I wrote that the oil sector was screaming “buy me!” What a difference a few weeks makes to the status quo…
The price of corn is heading higher thanks to record heat, lower production estimates and record ethanol production.
The headlines are clear: Oil will never be able to pull out of this bear market. But there are some bullish investors in the market.