The U.S.'s inability to cut oil consumption has put OPEC in an advantageous position, again. Worse, the U.S. remains vulnerable to another quest by OPEC to explore the market's maximum price for oil -- which could tip the U.S. economy into another recession.
Continue reading OPEC's Business Model: Sit Back and Let the Money Flow In
OPEC's Business Model: Sit Back and Let the Money Flow In originally appeared on DailyFinance on Sun, 21 Mar 2010 09:00:00.
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There are signs of price stabilization in the oil market. And, as is often the case with crude, if price stability occurs in the year ahead, it will be due to a confluence of factors including the fact there are fewer Americans getting into cars as a result of the recession.
Continue reading Oil Prices May Stabilize in 2010, but Motorists Won't Get a Break
Oil Prices May Stabilize in 2010, but Motorists Won't Get a Break originally appeared on DailyFinance on Mon, 18 Jan 2010 20:15:00.
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American consumers can't catch a break. Jobs are hard to find and wages are stagnant for those who are still working. And now higher gasoline prices threaten to take the few pennies that are still rolling around at the bottom of the piggy bank.
Continue reading More Pain at the Pump: Gas Prices High and Going Higher
More Pain at the Pump: Gas Prices High and Going Higher originally appeared on DailyFinance on Wed, 13 Jan 2010 06:00:00.
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Economy
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