Major Countries Burn Up Crude Reserves: Big Oil In Trouble?

It is something that peak oil advocates have been warning us for a long time; our world using up our last reserves of oil. While the day that the last drip of crude is burned up is a long ways out, some parts of the world may be heading for a major pinch in production. As our world population continues to expand, with the total predicted to hit nine billion by 2050, our addiction to crude only increases, as we use oil for a wide number of things in our daily lives. Besides its most dominant use as a fuel for automobiles and the like, oil is also used in a number of other processes like the production of plastics and variety of other industrial outputs [see also Ultimate Guide To RBOB Gasoline Investing].

Posted in Actionable Ideas, Brent Oil, Commodity Producers, Energy, Exclusive, WTI | Tagged , , , , | 17 Comments

Daily Commodity Roundup: Wheat Gains On Weather Concerns, Crude Oil Tanks On Inventory Report

Today saw most equities take another major hit today, as the government seems no closer to a debt deal than it was yesterday. While markets seemed to be somewhat resilient to the rather urgent situation, today saw them finally break, lead by the NASDAQ which lost a shattering 2.7% on the day. The S&P 500 lost nearly 2% and the Dow dropped just under 200 points to cap off one of the worst trading sessions in recent memory. One brand new company weathered the storm though, as Dunkin’ Donuts’ IPO shot up 40%, leaving their stock as a diamond in the rough for the day. As for commodities, today has gone in the opposite direction of yesterday’s strong gains, as numerous commodities sank amid fears and a major economic crisis and a rebound in the greenback against most major world currencies.

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Daily Commodity Roundup: Crude Gains On Supply Drop, Lumber Gets Burned On Housing Sales

Today saw major equities finish slightly down, which is to be expected after posting their largest gains in a year yesterday. American government officials continue to debate over a debt ceiling deal, although many are now predicting that the latest plan will need to be revised before it can pass through the Senate. While investors hope for a deal to be struck soon, only time will tell how long it will take for Congress to approve the legislation that will dictate how our nation moves forward with the current debt levels. As a result of this focus on debt, many commodities saw a relatively slow day, as the UBS Bloomberg CMCI index gave up just 1.9 points while the S&P GSCI finished up by about seven points in total.

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