About Oil Prices

vert.grimble asked:


Will oil price spike after the meeting (assuming big production cuts) or has it already hit a high in anticipation?

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Irascible Interlocutor asked:


He want’s to end the war in Iraq and negotiate with Iran. Will this be helpful in reducing the cost of oil?

Despite all the recent talk of soaring prices at the pump, political and economic pundits rarely mention the impact of war and political instability in the Middle East on the skyrocketing price of oil. There is strong evidence, however, that the heightened price of energy is a direct consequence of the destabilizing wars and geopolitical insecurity in the region. These include not only the raging wars in Iraq and Afghanistan, but also the threat of a looming war against Iran. The record of soaring oil prices shows that anytime there is a renewed U.S. military threat against Iran, fuel prices move up several notches.

Not long ago the price of oil was about a quarter of what it is today. But soon after the invasions of Afghanistan and Iraq the price of oil began to escalate in tandem with the escalation of war and political turbulence in the Middle East. The fact that the rise in the price of oil has followed the heightened insecurity in oil markets is neither accidental nor a simple correlation; it represents a causality that runs from the heightened insecurity in oil markets to the inflated price of energy.

The war also contributes to the escalation of fuel cost in indirect ways; for example, by plunging the U.S. ever deeper into debt and depreciating the dollar. As oil is priced largely in U.S. dollars, oil exporting countries ask for more dollars per barrel of oil as the dollar loses value.

Not only are the raging wars in the Middle East responsible for energy price inflation, they are also responsible for price inflation of many other commodities, especially grains and other foodstuff, whose production and transportation depend on fuel.

According to the World Bank, food prices have more than doubled over the past three years. The price of rice, the staple for billions of Asians, is up 147% over the past year alone. The mounting food prices have caused hunger and deadly violence in many countries, including Haiti, Egypt, Thailand, Indonesia, Senegal, and Malaysia.

This shows that the disastrous consequences of U.S. wars of choice go beyond Iraq, Afghanistan, and the United States. The skyrocketing costs of fuel and food tend to plunge many of the world economies into a 1970s-style stagflation (a combination of stagnation and inflation) that threatens many lives and/or livelihoods around the globe.

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Torino chocolate asked:


What are some energy stock/ETF symbols that reflects oil price in East Asia ?

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i´m looking for the symbol of an ETF which, like USO, tracks oil - not in the US, but which reflects oil price in East Asia
Could you please tell me the symbol of that ETF I´m looking for? And which energy stocks/ETF recorded in the past 2 years a value loss that is over 10 times its current value ?

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Rich Hawkins asked:


When it comes to fish oil price, it is definitely no indicator of quality! I have seen some very expensive oils containing more toxins and less omega 3 than one costing half as much. Here is a brief guide to show you what to look for to get the best oils available today.

If you want the health benefits like prevention of heart disease, lower cholesterol, prevention of cancer and treatment for arthritis, lower blood pressure and many, many more it is vital to select carefully.

So forget the fish oil price and instead look at the two main omega 3 levels, DHA and EPA, and the purity.

It has now been proven that DHA provides us with most of the benefits, especially heart and brain health, with over 30% of an adult brain being composed of DHA fats. Most supplements still have higher EPA levels as it’s cheaper to make, and also many times they put the levels together so you can’t tell.

Avoid any oils like these and ensure you get at least 250mg of DHA per fish oil capsule for the maximum benefits. A 2:1 ratio of DHA to EPA is a good guide.

Any quality oil will have been molecularly distilled to remove all the poisons like mercury and arsenic. This leaves you with only pure and safe oil, with no risk of ingesting harmful contaminants. Many manufacturers skip this to boost profits, so check carefully.

To give you a guide about fish oil price, the one I personally take costs less than $20 for a month’s supply (60 soft gels) and has 1000mg of oil per gel of which 280mg is DHA and 120mg is EPA. It is also extremely pure, and I have seen many oils costing over $40 for a month’s with far less omega 3, especially DHA.

So in closing, look for an oil based on what it contains and not on the price!

If you would like to learn more about the high quality DHA omega 3 supplements I personally take daily, visit my website today.



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Bambi Z asked:


Even a nitwit like me understands that oil will go up to over $100, so I want to make use of today’s bargain price. What gives me the best leverage at the least cost / hassle? Triple leveraged ETF”s, options, futures ? Can anyone describe the pro’s and con’s in a nutshell?

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xg6 asked:


who or what will we next start blaming for the problem? It’s always someone else’s fault for the continuing escalation of oil prices, so if offshore drilling doesn’t lower prices, someone else will have to take the blame.

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w s asked:


What logical answer explains oil price falling almost 50% in just 2 weeks?

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midian88 asked:


It seems like there’s a relationship between commodity price (oil price in particular) and stock price. What is it?

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J B asked:


He everyone,

I am looking for data on the average national (US) price of oil per gallon in recent months, specifically in september and october. Can anyone give me a quote or know where I can find such statistic?

Also, is the threat of recession and recent plunge in the stock market likely to result in lower or higher oil prices?

Thank you.

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Cheapest Oil Limited asked:


A question often asked is “why is home heating oil not the same price as it was when crude oil was this price?”.

Such a question made headlines in NI (Northern Ireland) in late 2008. A home heating oil website that monitors the cheapest oil in Northern Ireland looked into whether there is a case to answer.

There may be discrepancies but the biggest reason for the difference is in the exchange rates (as oil is priced in dollars).

In November 2007, $64 would have been just over £30. In November 2008, $64 would be around £40. This sort of difference alone would mean oil priced at £300 in Northern Ireland one year could cost £400 the following year in Northern Ireland.

If the price of crude oil remains steady and the pound gains strength against the dollar then there is no reason why we can’t see even cheaper home heating oil.

For the UK, including Northern Ireland, the big question should not be how many dollars a barrel of oil is but how many pounds a barrel of oil is. Although the crude oil price has dropped quite a bit, consumers haven’t got the full benefit of it because oil is priced in dollars and the pound has been weak recently against the dollar. For example, anything that cost US$45 would translate as £22 in the summer but cost £30 now so the exchange rates have been working against the price drops of oil.

However there is only so far it can go. Oil distributors, including those in Northern Ireland, would be quick to point out that they sell kerosene, not crude oil and that other cost factors need to be taken into consideration. If the price of a barrel of oil was free, that doesn’t mean someone is going to get it refined into kerosene and deliver it to your house for free. There are costs that are going to be more static than the stock market prices.

 



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