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Why Oil Prices Change – Part III

Robert Folsom — Thu, 08 May 2008 04:45:00 ET

For the most part, my research time proved an exercise in myth busting -- which is to say, I realized that I needed to explain what does not change oil prices before I could explain what does....

Why Oil Prices Change -- Part II

Nico Isaac — Tue, 06 May 2008 06:00:00 ET

These days, there’s more round-the-clock press coverage of soaring oil prices than of the Democratic party's primary elections. And, much like those political contests, each day the mainstream “experts” offer a new twist on the outcome...

VIDEO: Why Oil Prices Change -- Part I

Vadim Pokhlebkin — Tue, 06 May 2008 03:00:00 ET

Question: A militant attack on the Nigerian oil station happened on Sunday, May 4. The report projecting strong demand for oil from China came out on Tuesday, May 6. However, EWI's Energy Specialty Service made a bullish forecast for oil last Friday, May 2. How in the world did ESS know about those events two days in advance? Answer: It didn't...

High Oil: Hurting U.S. Stocks?

Nico Isaac — Mon, 28 Apr 2008 05:00:00 ET

Day after day, the dwellers of Wall Street engage in their very own game of Musical Chairs. Here’s how it goes: When the broken record of fundamental economic wisdom stops playing, reality is left without a seat to sit in.

Take, for instance, the widely held notion that crude oil prices move opposite equities...

Oil Prices: Who's To Blame?

Nico Isaac — Thu, 03 Apr 2008 10:15:00 ET

On April 1, leaders of the top five U.S. oil companies stood before Congress to answer the following charge: Becoming filthy stinking rich off skyrocketing energy prices while Joe Public bleeds his pension dry in an effort to pay for gasoline.

Supply Fears, Oil Surges: Oops They Did It Again

Nico Isaac — Tue, 19 Feb 2008 05:15:00 ET

There is no exception to the power and persistence of social mood. When the time comes for it to trend DOWN, nothing, not even the costliest natural disaster in U.S. history, can stop it. For that very reason, the September 2005 Elliott Wave Financial Forecast went against the bullish crude oil crowd with a special, three-page energy exclusive. In it, our analysts identified a bearish divergence in the price of oil versus the price of a share of Exxon Mobil and wrote: "These signals, combined with street level fears of a gas shortage and the explosion of oil shock books, confirm the message: the coming shock' is not that oil is booming, but that it will fall"....