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We'll Tell You When It's Time to Tap Tesla

A week ago today, in a strategy story aimed at helping you survive and thrive in today’s whipsaw markets, Chief Investment Strategist Keith Fitz-Gerald told us to put Tesla Motors Inc. (Nasdaq: TSLA) on our “watch lists” for a likely future purchase.

“BP, Tesla is a definite ‘shopping list’ stock,” Keith told me back then. “We’ve been nibbling at it here, and have played it successfully several times. But it’s not yet at the point where I’m ready to jump all the way in. I think my rationale behind Tesla remains upbeat. I mean, you’ve got a real winning combination here – a disruptive sales model, a CEO who’s the most innovative guy on the planet, all the capital in the world that can be brought to bear. I don’t give a rat’s [tail] that New Jersey won’t let the company sell its cars there. There are much bigger opportunities. Wait ’til you see what the company does with China.”

  • Oil Prices

  • If U.S. Oil Companies Aren't Winning Bids in Iraq, Who Is? Iraq has auctioned off more proven oil reserves in the past six months than are collectively held by the United States, Mexico, and the United Kingdom.

    But U.S. oil companies have signed surprisingly few development contracts – and foreign rivals have swooped in to scoop up major deals.

    Take last weekend, when Iraq wrapped up the biggest oil-field auction in history. Major new deals were announced by Europe's Royal Dutch Shell PLC (NYSE: RDS.A , RDS.B), OAO Gazprom (OTC ADR: OGZPY), Lukoil (OTC ADR: LUKOY), China's China National Petroleum Corp. (CNPC), and Malaysia's Petroliam Nasional Berhad (Petronas).

    The U.S. oil majors – ExxonMobil Corp. (NYSE: XOM), ConocoPhillips (NYSE: COP) and Chevron Corp. (NYSE: CVX) – were nowhere to be seen. Read More...
  • Why Russia's Oil Fields Will Soon Be Crawling with Westerners Western oil majors are about to help Moscow solve its energy problem. And that could be a boon for investors.

    The traditional Russian oil fields in Western Siberia are well past peak production. Some satellite fields in the region remain, but the extraction gains will be marginal.

    My sources in Russia's Ministry of Natural Resources and Ecology (MNRE), the government entity responsible for distribution and oversight of development leases, now acknowledge that the country's overall crude oil production could decline by more than 7% over the next several years. Read More...
  • Three Ways to Profit From Rising Oil Prices An explosion in the world money supply and the rapidly growing auto markets of China and India have fueled an incredible bull run in oil prices. And, it looks like oil still has a long climb ahead. This report will show you three ways to profit from the bull in oil prices. Read More...
  • A Money Morning Interview: The Future of Energy Renowned Oil Expert Dr. Kent Moors Details Shortages of Oil, the Impact of Higher Prices, the Promise of New Technologies and the Opportunities For Investors Dr. Kent Moors is one of the world's foremost experts on oil, energy policy, finance, risk management and new technologies. Moors advises the leaders of six oil-producing countries, including the […] Read More...
  • Investment News Briefs With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. More Insider Trading Arrests Coming; Icahn Offers CIT Bailout; Oil Pushes $80; Treasury Steps In To Support HFAs; N.Y. Times to Cut 100 Newsroom Jobs; Hasbro Shares Fall Amid Soft […] Read More...
  • Oil Prices Hit a 2009 High, but are Unlikely to Spike Oil prices reached their highest level in a year today (Friday), as the dollar continued to weaken and stocks of gasoline unexpectedly fell. However, most analysts believe crude will avoid a volatile price spike, and either gradually proceed higher or regress in the short term. Light, sweet crude for November delivery hit $78.55 a barrel […] Read More...
  • Traders Anticipate a Drop in Oil Prices as Supply Outruns Demand The number of traders betting that oil prices will drop outnumbers the number of traders who believe they will rise by the largest margin ever. Some analysts believe prices will fall significantly lower in the near future – at least into the low $60 a barrel range – after soaring to $75 a barrel in […] Read More...
  • Oil Prices Gaining Momentum as OPEC Keeps a Lid on Production The Organization of the Petroleum Exporting Countries (OPEC) said yesterday (Thursday) that it would keep production quotas at 24.845 million bpd and urge members to adhere to targets, as global demand has yet to return in full. However, a report from the International Energy Agency (IEA) indicated that demand is recovering more quickly than previously […] Read More...
  • U.S. Trade Deficit Widens, but Signals a Healthier Economy The U.S. trade deficit expanded at its fastest pace in more than ten years in July, accelerated by rising oil prices and increased demand for auto parts and industrial supplies. The gap between imports and exports rose 16% – the largest percentage increase since February 1999 – to $32 billion in July from a revised […] Read More...
  • Despite its Decline, Oil Remains a "Must-Have" Profit Play By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Commodities may be down, but they're not out – and they shouldn't be out of your portfolio, either. As the investment director for Money Morning, I'm invited to a large number of speaking engagements each year. It's something I enjoy, and it's quite useful, too, […] Read More...
  • Why the President's Push for Lower Oil Prices is Nothing But a Pipe Dream By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Every president has a defining moment when the American people, and indeed the world, recognize that he's badly out of touch with some aspect of reality. I can't help but think that President George W. Bush ["Dubya"] has just had his moment as I watch […] Read More...