The AP is reporting housing prices have declined for a sixth straight month, with the biggest fall in Chicago, Atlanta and Cleveland. No shock there. By all appearances,
I took a drive into Wilbarger County over the past weekend and what I saw was impressive. I saw acres of pump jacks working just as hard as they could. Obviously, oil at $95 per barrel is attractive enough to the producers to warrant running those pump jacks...
If ever we have ridden an emotional roller coaster as a society, the last three years have certainly been just that. $4.11; $1.89; $3.25;$3.99; $3.57-nauseous yet? Gas dove to a soft-bottomed $3.57 a gallon the other day and you would have thought the National Weather Service had just called for a 6" snow tomorrow...
Oil was trading slightly lower today and gas futures fell so much so that trading was briefly halted. Indicators show that our consumption has fallen for several weeks now. Leave us your comments and tell us if you're driving less. Have you changed your habits or cut back on other things to compensate for the spike in gas and diesel prices...
And it's really just that, you know. Hype. I've said it before and I say it again. I don't care what product or commodity you are talking about, but it's never been more so than with oil. Once you have allowed something to become over-inflated the market will make adjustments and the price will tumble...
Tell us what you think. Leave your comments below!
As if the rabid speculation in the market hasn't put enough hot air under into the price of oil, we're now beginning to see details emerge about a leak at a refinery in Texas City....click here
We've come a long, long way from Beaumont, 1901. That first gusher in the state ushered in an era of change unlike anything we'd seen since the Alamo. It was a pivotal moment where that which we knew was displaced by the promise of great wealth and expansion...
The San Ramon, Calif. company reported net income of $5.3 billion, or $2.64 per share, for the final three months of 2010.
Yahoo News reports...click here!