Category

Oil

Oil

Crude Oil Prices and the Coming Fall of OPEC

Every 10 or 20 years a series of watershed events come together that change the face of the international energy picture.

The Saudi-led war on crude oil prices is one of these pivotal situations.

And while others fret about what the OPEC production move means, I'm actually meeting with the guys who made the decision.

I can tell you that what's unfolding here in the desert will have a decisive impact on producers, end users, and government/corporate policymakers worldwide.

Of course, I've been involved in a fair share of all of this for over 40 years, from both the public and private sector side.

Much of that is coming together in my current slate of meetings with some of the most powerful people in the energy world.

What I learn in these gatherings will allow everyday investors to make some heavy money as these pivotal changes kick in...

Keystone pipeline

Keystone Pipeline Vote Is Just a Bump in the Road to Approval

A narrow defeat of the Keystone XL pipeline in the Senate yesterday (Tuesday) is a setback for the project, but a minor one.

The tally was 59-41, just one vote shy of the 60 needed to pass. But the Republicans have vowed another Keystone pipeline vote next year when they have the numbers to pass the bill. Then it will be up to President Barack Obama, who many assume will veto the $8 billion project.

But President Obama may have other ideas...

Stocks to Buy

"Unloved" Pick of the Week: Halliburton Co. (NYSE: HAL)

Oil services company Halliburton Co. (NYSE: HAL) is an unloved stock that's actually a great value.

Based in Houston, Tex., Halliburton is the world's second-largest oil field services company and once had former Vice President Dick Cheney as its CEO.

But HAL stock got slammed in recent months by the plunge oil prices, and could go lowerStocks to Buy in the short term.

Here's why Halliburton stock will bounce back...

Renewable Energy

Why Lower Oil Prices Won't Kill the Renewable Energy Boom

Whenever oil prices drop, everyone always wonders how it will affect wind and solar power.

It follows from the traditional assumption that renewables like these are only competitive when oil and natural gas prices are high.

After all, the early stages of wind and solar power came with a hefty front-loaded price tag, requiring massive government subsidies to both producers and end users to get off the ground.

Some states even introduced legal measures that required that utilities buy a certain percentage of their energy needs only from renewables.

All of this only added to the wider perception that renewables couldn't truly contend, especially if oil and natural gas prices fell.

But those days are now rapidly coming to an end...

Oil

How to Invest in Oil Stocks as Prices Dip

The price of oil has slipped consistently since June, dragging most oil stocks down with it.

In June, West Texas Intermediate (WTI) hit a three-year high of $103.66 per barrel. By Tuesday, it closed at its lowest price in more than three years, at $77.19.

Here's a look at the oil stocks that should be avoided when prices are low, and some that are presenting excellent buying opportunities now...

Keystone pipeline

Keystone Pipeline Approval Will Make These Stocks Winners

Republican control of the U.S. Senate has made approval of Keystone pipeline imminent.

The controversial $8 billion project, skillfully delayed for years by President Barack Obama, would transport oil sands crude from Canada to refineries on the U.S. Gulf Coast.

TransCanada Corp. (NYSE: TRP), the company building the Keystone XL pipeline, would be the greatest beneficiary of its approval, of course. But dozens of other companies also figure to gain from the project.

Now's the time to jump on these stocks...

Oil Prices

As Crude Oil Prices Fall, These Drillers Benefit – Here's Why

Thanks to the drop in crude oil prices, some TV pundits are now talking about the end of the "new" oil age. With oil now trading in a band between $80 and $88 a barrel, there's a "new normal" for crude.

But lower oil prices never hit everyone the same. The little-known truth is that, in some cases, lower crude oil prices actually make some companies even more attractive.

Let me explain...

Stock Market Today

Stock Market Futures Watching XOM and CVX Amid Falling Oil Prices

This morning (Tuesday), stock market futures suggest an open 26 points below Monday's close as oil prices continue to fall on a rising dollar and the announcement that Saudi Arabia will slash oil prices to the U.S.

Today is also midterm election day, meaning American voters will decide how Democrats or Republicans will share power in Congress over the next two years.

Here's what else you should know in stock market news today.

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