Energy Prices Falling: Are We Puppet's ?
at 2006-09-01 22:48:28
As I picked up the morning paper, I chuckled as I read the front page headline in the business section. It read "Gasoline Prices Dropping". It’s not like we didn't spot this train roaring down the tracks.
The even quoted a gasoline analyst from the Oil Price Information Service who said, "We'll be closer to $2 (a gallon rather) than $3 come Thanksgiving".
I've been telling you to watch out for the "magic", and magic is "the art of producing illusions as entertainment by the use of sleight of hand, deceptive devices." Hummm, I don't think the public looks at the manic price movements in gas as "entertainment", and no one likes to be deceived.
This "magic, deception, or sleight of hand", reminds of a quote from one of my favorite movies, "The Godfather".
More Magic: Crude Oil Inventories & BP's Pipeline
at 2006-09-01 22:48:27
The EIA released its inventory numbers for the week. Crude oil inventories had an unexpected build as imports increased last week to a second highest record. Gasoline stocks also had an unexpected build putting supply at about 5 percent above last year.
The problem with BP's Prudhoe Bay oil field pipeline is also being fixed.
Natural gas is trading slightly down this morning as mild weather is forecasted for most of the U.S.
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at 2006-09-01 22:48:27
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at 2006-09-01 22:48:26
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Market Recap for 8/21/2006
at 2006-09-01 22:48:27
Many of our observations are now available as audio presentations that you can play on your computer or download from Apple's iTunes Music Store to play on a portable device such as an iPod...(Read More)
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