October 27, 2008
- Graph of Crude Oil: Hitting Bullish Trend Line, But Head & Shoulders Top?
Here’s a long term weekly graph of light crude oil over the last 10 years. You have to go back to 2000/2001 to see a similar correction but the current correction in crude oil is much more dramatic. On the bullish side of things, crude oil will hit major support at a 10 year bullish [...]
July 1, 2008
- Big Oil Windfall Profits Tax a Bad Idea
I was catching up on some email tonight and came across a good point made by Steve Sjuggerud of DailyWealth. He compares the tax rate and profit margins of Microsoft vs Exxon Mobile providing a clear example of why gouging big oil further would be a bad idea and most likely lead to higher prices [...]
June 9, 2008
- Map of World Oil Reserves
In doing some research for an oil trade article, I came across a darn good map of world oil reserves that’s based in flash and interactive so you can see which countries have the most in reserve and which are the largest consumers. No surprise in terms of consumption - the US and China are [...]
