Russia in OPEC? Bad News.....

Oil Prices

If this happens, 50% of the worlds reseves will be in OPEC

Heating Oil Prices cause Buyer's Remorse

Oil Prices

When crude oil hit $147 this summer, many businesses stocked up on heating oil and hedged other bets.   They are paying the price as Oil and Gas continue to Tumble.

Oil and Gas Tumble

Oil Prices

Time to party like it is 2004

Oil Below $50

Oil Prices

1st time in three years oil (NYSE:USO), (NYSE:OIL) has traded below $50 a barrel

Gas Down 60 Straight Days

Oil Prices

The price of gas fell overnight Sunday for the 60th consecutive day.

Chevron: Energy Demand Still Growing

Oil- Black Gold

"Oil (NYSE:USO) is at $60 because demand has slowed, when the economy improves, it will rise again"

Oil now above $70 on Saudi Supply Cuts

Oil Prices

Oil heads back above $70 after Saudi Arabia, the world's biggest oil exporter, has reduced exports by around 900,000 barrels per day from a peak in August.

Oil Depletion Running Ahead of Estimates

The FT Reports: "Output from the world’s oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.

Pickens's Investors Run for the Hills

Cash is King

About half of the investors in T. Boone Pickens's energy equity hedge fund have asked to withdraw their money after losses of about 60% this year. Mr. Pickens and his investment firm have lost $2 billion since peaking in late June.

OPEC Cuts Production, Oil Still Not A Buy

Oil Prices

OPEC announced a 1.5mbpd production cut in oil this morning.  So, it is time to invest in oil (USO)?

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