CNN recently ran a story on how congress wants to bring down the price of oil. Being that this is an election year and congress is polling at all time lows, it is understandable that they feel they need to do something. I mean, who wants to get fired from there job. But the big issue is if any of these new regulations will actually bring down the price of oil or will they make the matters that much worse
CNN Money is reporting that Alexei Miller of Gazprom, the largest energy company in the world, that oil will rise to over $250 a barrel.
"NEW YORK (CNNMoney.com) -- If you think $135 oil is bad, you ain't seen nothing yet. That, at least, is the take from the head of the world's largest energy firm.
CNN ran a story here about possible solutions for high gas and oil prices. The problem is that all of the answers that are coming from Washington will be either be completely ineffective or will lead to complete Disaster.
"Tax oil companies more, give the money to motorists. This idea is a central part of Barack Obama's energy platform.
It is just me, or is this a sign of the times?
WASHINGTON (AP) -- Federal Reserve Governor Frederic Mishkin will leave at the end of August and return to teaching at Columbia University, the central bank announced Wednesday. His departure means yet another empty seat on the Fed as it battles housing, credit and financial debacles.
In this article, Reuters is reporting that Indonesia is quitting OPEC. It makes me wonder how much supply that OPEC actually has and if more countries will soon follow Indonesia.
Indonesia to quit OPEC over costly oil
Interesting article. It looks like social unrest is possible with peak oil. Europe, which I thought was in a better position than the U.S., is starting to get a little restless.
If you are interested in getting a Pink Sheet listing, read the last paragraph.
Malcolm and I had a chance to attend the Hard Asset Conference in New York. I had the opportunity to meet with a few clients, a few advertisers, and a few of you we might be doing business with. I left New York with many impressions, but I would like to first say how much I enjoyed meeting everyone in person. It is great to place a face with a name, and to get to know each of you personally.