Off Shore Drilling Debate

Finally a calm, concise, rational debate on off shore drilling.

As Oil Giants Lose Influence, Supply Drops

Jorge Silva/Reuters
Workers in an oil field in Venezuela, one of the countries that experts say hold the oil supplies of the future.

"It is harder than ever for the major Western oil companies to find new prospects, even though they are awash in profits and eager to expand." Jad Mouawad, New York Times

Click on the read more icon for the full NY Times story.


read more | digg story

Trading Fear Without Greed

Another nice day trading the "devil's excrement" with a couple of good moves.

You have to watch Crude Awakenings in the post below to get the "devil's excrement" quote.

13 Tick Renko Crude Oil Chart (click to view)

A Crude Awakening

The world seems to think that "big oil" represents greed at it worst, or finest depending on your economics. In reality it's fear that has the price of oil north of $100.

This film is a few years old and certainly paints the worst picture, but is interesting as we see oil come down off its all time highs.

Canada Wins Gold

"Huynh is golden." Globe and Mail

Another beautiful picture.

Finally!!

Canada's medal drought in the 2008 Olympics is over.

This is Canada, a country of immigrants all proudly wearing the Maple Leaf.

Hurray!!

Click on the read more icom for the full Globe and Mail Story.


read more | digg story

Oil falls below US$114 on global demand worries

Reuters

What a beautiful picture, how can environmentalists say offshore drilling is bad? Look at it, it's beautiful. :)

$100 crude is not far away and if it gets through $100 the crude oil trade will get very interesting.

Click on the read more icon for the Reuters National Post story.


read more | digg story