Benjamin Netanyahu, Peak Oil, And a World On The Brink -01/29/09 at 6:44 PM CSTby Reggie Abaca

The election of Democrat Barack Obama has managed to calm the wary nerves of those who feared the idea of an expanded worldwide war.  There is a sense of calm on that front and an entirely new focus on the devastating economic crisis of today.  Even investors in the crude oil (OIL) market are, for now, sitting back and taking a breath, perhaps c...

Peak Oil Production in Russia Suggests Worldwide Supplies on the Brink -01/26/09 at 12:25 AM CSTby Reggie Abaca

Russian oil production decreased for the first time in 10 years according to Vedomosti, a Russian newspaper.  The decrease was only 0.7%, while exports were reduced more dramatically year over year, down 6.2%. The fall in Russian production may be a major turning point in worldwide crude oil production.  While OPEC nations such as top producer S...

Is Oil Staging A Comeback Because of War Speculation? -12/31/08 at 1:24 PM CSTby Perry Rod

Israel's attack on Gaza has a lot people wondering whether or not their aggressive move is a prequel for an Iranian attack.  An attack on Iran would send oil prices soaring as Iran's only immediate line of defense would be to blame the United States and disrupt ships that go through the Persian Gulf. Indeed, with light trading in crude oil futures an...

OPEC Makes No Decision on Production Cuts -11/29/08 at 3:54 PM CSTby Reggie Abaca

The Organization of the Petroleum Exporting Countries left a Cairo meeting without an agreement to cut production, according to various media reports. In recent years, the international oil cartel has seen significant disagreement between its member countries, especially between U.S. allies in Arab nations like Saudi Arabia and U.S. adversaries Iran and V...

Naked Short Sellers Attack Citigroup -11/21/08 at 7:22 PM CSTby Reggie Abaca

America's financial system is a mess and the U.S. Securities and Exchange Commission is to blame. Short sellers, in a concerted effort to defend themselves and abuse the lack of regulation by the SEC, are now targeting Citigroup (C) while our financial journalists, analysts and government regulators continue to do nothing. At Market Rap we've pointed out...