• Oil

    Why Don’t The Airlines Hedge More?

    The grounding of Silverjet brings to mind a question George Anders asked the other day in the Wall Street Journal: why doesn’t the airline industry do more to hedge its oil exposure? Without appropriate hedging, airlines are pretty much always speculating on the price of oil. With oil near $130 a barrel, why does Southwest […]

    / May 30, 2008 at 12:25 PM
  • Gold, Oil

    Long Gold, Short Oil?

    Is oil overpriced compared to gold? That’s what cantankerous trader/real estate entrepreneur/ blogger/dj Lawrence Lewitinn argues in this piece in PopSerious, a hipster group blog more prone to features about puppies, fashion, and what commodities to bake with rather than money, finance, and what commodities to trade. Lewitinn maintains that since April, the ratio of […]

    / May 29, 2008 at 4:25 PM
  • Oil

    When The Rising Cost Of Oil Hits A Little Too Close To (Steve Cohen’s) Home

    The unadulterated euphoria you-know-who experiences while mainlining cream filled gold sponge cakes every day at 3 is about to be compromised.

    / Feb 29, 2008 at 11:27 AM
  • Oil

    Hey baby, sip that slowly, it’s a hundred dollars a barrel.

    Roberta Yafie at the New York Post says everyone was wrong about the hundred dollar purchase heard round the world. She tells us that Richard Arens was the seller of the now famous barrel—not the buyer, as previously reported—and his supposed client is commodities conglomerate Cargill. Her source is “one NYMEX source” Do you buy […]

    / Jan 7, 2008 at 4:27 PM
  • NYMEX, Oil, traders

    The Hunt Is On: Who Paid $100 A Barrel For Oil?

    How exactly do you get bragging rights for being the guy who paid the most ever for a barrel of oil? When we first heard that a single, small trade had finally broken the $100 mark we were convinced it was a stunt, and possibly a prank. There were indications that the order might be […]

    / Jan 3, 2008 at 11:38 AM
  • Oil

    Energy trader’s version of pump and dump?

    A reader tipped us off to the following energy market shake up this afternoon regarding oil prices. US crude prices shot up 40 cents when a Tulsa, Oklahoma television station reported on its website that a regional refinery was on fire from a lightning strike. The only problem – there was no fire, save for […]

    / May 30, 2007 at 2:08 PM
  • BP, John Hayward, London, Lord Browne, Oil

    Hayward’s BP

    Earlier this week, we established what the new BP will look like under the Hayward Regime. Less spa treatments. More tequila. Less “earth friendly”-type business. Now let’s take a look at what’s on Hayward’s to-do list for the next couple of months. 1. Keeping casualties on the BP premises at a minimum. Or, keeping news […]

    / May 4, 2007 at 2:04 PM
  • Goldman Sachs, Lloyd Blankfein, London, Oil

    Will Goldman Add Insult To Injury? (Typical)

    There’s a new sheriff in BP town but will there be one at Goldman Sachs, too? The boys at Rupert Murdoch’s Deal Journal note that Lord Browne (John Browne, Baron Browne of Madingley) has been a director at Goldman since 1999 and wonder if recent revelations might threaten that position. The London Times reports that […]

    / May 2, 2007 at 1:41 PM
  • London, Oil

    Outlook For The New BP

    How will things change at BP under the new Tony Hayward regime? Since it was announced yesterday that chief exec John Browne had resigned, effective immediately, it’s the question that’s been weighing on all our minds (after “What would a hostile take-over by Rupert Murdoch feel like?” (A. Awkward) and “How can I get this […]

    / May 2, 2007 at 9:55 AM
  • Oil

    Did A GOP Plot Cut Gas Prices?

    Daniel Gross doesn’t have much of a reputation as a friend of the Bush administration. So it’s refreshing to see Gross debunking the latest anti-Bush conspiracy. You know, the one where Goldman Sachs and the Bush administration have pushed down the price of gasoline in order to save the GOP congressional majority in the midterm […]

    / Oct 5, 2006 at 3:00 PM
  • Iran, Islam, October Surprise, Oil, War

    How To Profit From The Coming War

    Peter Cohan at Blogginstocks gathers together various news stories indicating that an October Surprise Iran invasion might be in the works in the weeks leading up to the midterm elections. His suggestion: profit! More specifically: How can you profit from the October surprise? Well, buying oil company stocks is one way. ExxonMobil Corporation (NYSE: XOM), […]

    / Oct 4, 2006 at 3:44 PM
  • Oil

    Another Reason to Be Long On Oil Futures?

    OPEC is already grumbling about the decline of oil prices, and may schedule a special meeting in advance of its regular meeting in December. There are some who think that the meeting won’t be until the end of Ramadan on October 24th. But we haven’t seen much evidence that the Islamic holy days preclude having […]

    / Sep 27, 2006 at 1:09 PM
  • Oil

    The Great Energy Shortage of 1996

    That’s from a comic produced by the Canadian government in October 1975. The rest of it isn’t any better (except for the strange resemblence of “Kevin” to Harry Potter). It’s worth reading just to remember that energy shortage paranoia is not a recent phenemenon. But then again, just because you’re paranoid doesn’t mean Iran isn’t […]

    / Aug 24, 2006 at 4:16 PM
  • Oil

    Windfall Profits…. Mmmmmm!

    We’re sort of mesmerized by Senator Byron Dorgan’s real time windfall profits calculator: Not because we think windfall profit taxes are a good idea. Because we like to imagine ourselves the CEO of a gargantuan highly profitable oil company and we enjoy watching our money add up. (Higher! Higher!) This may not have been what […]

    / May 3, 2006 at 9:05 AM

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