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oil prices

Presentation to Forging Industry Association, October 26, 2010

We were invited to present to the Forging Industry Association members meeting on October 26th, held in Atlanta, Georgia.  We discussed the challenges facing energy markets, oil prices, natural gas prices, gas shale issues and the impact of aging populations on energy consumption.  The presentation is attached.

Presentation To ICoTA Roundtable, Calgary, Canada, October 14, 2010

On October 14th we were invited to speak at the ICoTA Roundtable meeting held in Calgary.  We spoke about the challenges facing energy markets, oil and gas prices and the performance of energy stocks.  The slide presentation is attached.

Rising Gasoline Prices A Harbinger Of Future Economic Problems?

This morning, Joe Petrowski, the CEO of Gulf Oil LP, an oil retail and distribution company with outlets located primarily throughout the Northeast, was on  CNBC discussing gasoline prices.  In response to questions from the talking heads, Joe made several points.  First, as gasoline pump prices rise toward $3 per gallon, drivers are beginning to cut back their purchases.  Mr.

Mirroring 34% May Auto Sales Results

Oil prices continue to rise, crossing the $72 a barrel mark. The current rise is attributed to the sharp fall in crude oil inventories reported by both the American Petroleum Institute and the Energy Department in contrast to expectations for a small increase. The International Energy Agency has raised its forecast for global oil demand saying that it believes the fall in consumption is ending. This echoes comments from the U.S. Energy Information Administration’s revised forecast. Yesterday China reported that auto sales in May rose 34% to 1.12 million units.

Oil Prices Soar Over $70 a Barrel

Crude oil prices are above $71 a barrel this morning.  The value of the U.S. dollar has fallen again.  One has to wonder whether the oil price rise reflects the market's belief that the economic recovery will drive demand, or is it because of the continued debasement of the worth of U.S.

Mixed Global Economic Data Supporting Crude Oil Prices

An recent economic blog posted several charts showing both positive and negative economic and sentiment survey data showing how optimism about the economic recovery is gaining ground.  Taken in its entirety, the data shows that the global economic downdraft is easing and certain generally leading indicators show signs of a possible recovery beginning.  The challenge is understanding exactly how sure the leading edge data may be in forecasting an ending to the recession.  Wall Street started talking last week about the possibility that the official end to the recession would b

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