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Oil Inventories Confirm Technical Event in ETF Charts (USO, OIL)
Oil Inventories Confirm Technical Event in ETF Charts (USO, OIL)
Oil was already against the ropes and off of current highs because of the CFTC going after limits on speculators and limits on non-end-user trading activities on the energy commodity markets. But this morning’s weekly oil inventory data from the Department of Energy is showing that either ...
Warning: Oil supplies are running out fast - Science, News - The Independent
independent.co.uk — The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because... most of the major oil fields in the world have passed their peak production, a leading energy economist has warned. Higher oil prices brought ... (more) Warning: Oil supplies are running out fast -  ...
Traders Blamed for Oil Spike
online.wsj.com — The Commodity Futures Trading Commission plans to issue a report next month suggesting speculators played a significant... role in driving wild swings in oil prices -- a reversal of an earlier CFTC position that augurs intensifying scrutiny on ... (more) Traders Blamed for Oil Spike
The End Of Fossil Fuel
forbes.com — You will never see cheap gasoline again. You will probably never see cheap energy again. Oil, natural... gas and coal are set to peak and go into decline within the next decade, and no technology can change that. Peaking is a simple concept. We generally ... (more) The End Of Fossil Fuel
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Closing Bell: The day Oil's back was broken (COP, YHOO, MSFT, GT, MS, GS, GRMN, TRMB)
BloggingStocks — ... This was a key day for the markets. Oil was down essentially 6% and broke under that $64.00 per barrel mark in NYMEX WTI Crude after inventories showed a surge. But this was based on the economy and on inventories, and this took stocks lower as a result of the current parallel between oil prices and stock prices. A ...

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