gregor.us - 6/9/2009
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There’s a temptation to believe that if one stripped out the USD from the price of oil, a better picture of oil’s cost would emerge. Over the years people have expressed Oil in Euros, Swiss Francs, and of course Gold–which does make some sense as gold is a kind of currency ...
bespokeinvest.typepad.com - 6/10/2009
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bespokeinvest.typepad.com —
Oil has now rallied 108% over the last
118 calendar days. Based on the standard bull market
defintion of a 20% rally preceded by a 20% decline, the current oil bull is already the sixth strongest since daily pricing begins in 1986. In terms of ...
(more)
Oil Bull Market: Fast and Furious
taipanpublishinggroup.com - 6/8/2009
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taipanpublishinggroup.com —
Taipan Daily readers don’t be conned – it
is not supply or demand driving the price of
oil right now. Editor Adam Lass explains…
(more)
The Great Oil Price Shell Game
abnormalreturns.com - 6/10/2009
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abnormalreturns.com —
The S &P 500’s P/E ratio as jumped.
Should we be concerned? ( Crossing Wall Street )
High yield spreads are back down to levels last seen in September. ( Bespoke ) More hedge-fund like ETFs are on tap. ( IndexUniverse , ibid also ...
(more)
Tuesday links: oil, gas and Big Macs
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Tuesday links: oil, gas and Big Macs
Abnormal Returns —
... on with natural gas? (greenfaucet, Afraid to Trade)
Oil tracks well with heating oil, but there is a whole lot more going on with natural gas. (Caveman Forecaster)
“Oil is rising from all viewpoints and the weak dollar is just providing the gravy.” (Barron’s)
Pricing oil in Big Macs. Why not? (Gregor)
“Aside from having more control over prices paid ...
Crude over $71, or 20 Big Macs
FT Alphaville —
... a pronounced budge higher around the 2010 Q1 mark can be observed: Term WTI structure - Schork Report Nevertheless it still comes in the context of a very pronounced flattening of the July/August differential in the last few sessions, on Wednesday seen at some $0.60. Of course, while the current ascent higher may look very impressive on a dollar basis, it’s worth considering the price recovery based on some different units in a bid to wipe out the dollar noise. Energy blogger Gregor points us in the direction of a much more unique unitisation: the Big Mac. It appears as ...
Wednesday morning links
The Mess That Greenspan Made —
... GM, Amtrak and an Increasingly Fascist America - Ron Paul MARKETS/INVESTING • Oil tops $71 after large drop in U.S. crude stocks - Reuters • Gold rises as surging oil raises inflation worries - MarketWatch • World Oil Reserves Fell for First Time in 10 Years, BP Says - Bloomberg • 74% Indians ready to invest in gold at high prices - Commodity Online • Rising Commodities Mean No Deflation - Seeking Alpha • Oil in Big Macs - Gregor ECONOMY • April trade deficit edges up to $29.2 ...
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