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Blog entries tagged with "oil prices":
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I ‘need' to be prepared for a day out in the real world. Trying to find some bright light for the world of Metro Phoenix Real Estate.
The connection between the world's political events and mortgage rates here at home is not always clear, but Russia's invasion of Georgia provides a strong working lesson.
Can you stand some good news?? 
Need to hear some good news? Well, here's a little for mid-day on Tuesday. First, the Fed made no changes today - interest rates remained as they have been. Second, the Dow is way up - almost 300 points as of right now. Third, oil is down over $2.00 a barrel … (28 comments)
I don't know if anyone out ther has read Pickens Plan. I have been intrigued for some time by the commercials by T. Boone Pickens touting his plan. I finally managed to get online this morning to check it out. Check it out yourself at
The oil price bubble is unfairly taxing American families andrestricting our nation's economic potential. I sent a message to Congress askingthem to adopt common-sense solutions, and I urge you to take a momentto send a message, too. Congress can dramatically reduce the price ofoil and gas, providing immediate relief for businesses … (0 comments)
Unless you have been in a cave for the last week, the news in the financial arena is at best frightening, at worst a disaster waiting to happen. Just when the public is ready to start buying again, at least in Orange Co. Calif., Indy Mac has to be taken over … (5 comments)
Oil prices remain high, up 50% this year, partly in response to statements OPEC Made yesterday regarding tight supply and the tension in the Middle East and Nigeria. The national average of a price of regular unleaded gas rose to a new record of $4.092 a gallon.
I am sure that many of you have already received the email that explains which companies are buying foreign oil and which are not. In our industry we burn a lot of gas and I believe we could make an impact on this issu. 
If you've been watching O'Reilly (June 12) this eveningm then hopefully you watched his interview of former speaker of the house, Newt Gingrich. Let me say this for Newt, if he's not a serious consideration for president in 2012, then I'm moving to another country. The guy just makes allot of … (9 comments)
There are some smart people out there speculating that oil will retreat and we'll all enjoy a long period of affordable gas.
I am not trying to sound like an old fogy here, I am not in that age range yet, but I really do remember when gas was 0.78 a gallon. Yes, you could fill your 40 gallon tank $31.20. As we enter this election year, I want people to take notice … (3 comments)
I heard that oil prices went down $4 a barrel the other day! Great news!! Right? At least, that's what I thought.
airlines charging for baggage. grocery prices skyrocketing. the senate is going to vote on aproving an additional 165 billion to fund the wars in iraq & afghanistan( how many trillion are we up to?) the senate sat down big oil executives to complain. thier profits have trippled while the consumers have … (1 comments)
Oil prices set another record on May 16, 2008 of nearly $128 a barrell. Traders of commodities set the price of oil by buying and selling it on the open market. Two events that might have lowered the price of oil had no effect on the market as traders bid the … (6 comments)
2001 - $1.16
Okay, how's this for a scenario that could play out:1. The Fed normally lowers rates to help the economy and combat weakness in the economy.2. Lately, the Fed's rate cuts have hurt the value of the dollar because it has increased the risk of inflation.3. The fall in the value of … (0 comments)
It's hard to listen to the news anchors report that the shortage of rice is due to the increased production of grain based fuels, when the Government has just signed a bill to pay more farmers more money to REDUCE GRAIN PRODUCTION. Does this make any sense to you? Read for yourself … (0 comments)
Another crazy weekend in the world of mortgage backed securities. Looks like the FED'S may need the luck of the Irish today to reverse current market trends. So what happened:
You may not have even heard of an energy audit. But surely you've heard that the price of a barrel of oil has reached $111 dollars give or take a dollar or two. And of course you know that the polar ice caps are melting, and that the US alone accounts … (1 comments)
After briefly exceeding its all-time high, oil closed Monday at $102.45.
Rising energy costs can lead to inflation because American Business eventually passes on its higher costs to American Consumers.
When consumers have to spend more money for the same amount of product, it's called "inflation".
Another way to look at … (0 comments)
I recently received my annual renewal notice for the mine subsidence insurance policy I purchased when I built my home. Chances are, I'll never need it, but I sure do sleep better at night knowing that it's there if I ever do. For the uninitiated, the Mine Subsidence Insurance program is … (0 comments)
Despite oil's recent rally into record highs, the U.S. Energy Information Administration (EIA) predicted that "increased supply and lower seasonal crude demand in the United States" will likely lead to "crude prices easing slightly over the winter" in its monthly Short-Term Energy Outlook report.
A Japanese friend I spoke to the other day was disgruntled because the price of soy sauce is increasing. It's all because we are trying to reduce consumption of fossil fuels . 
Experts say that the credit crunch is showing signs of easing. But what is alarming is oil prices to $100 a barrel. Unemployment is up and the unemployment rate is at 5%, the highest since December of 2005, the .03% raise is the largest one month raise in 12 years. … (4 comments)
Oil hit $100 US a barrel for the first time and gold prices broke a 28-year-old record on Wednesday as the bull run in commodities got new wind.
I know some of you are going to disagree and probably argue about this but we really need to stop lowering the federal funds rate, and here's why.
I have been reflecting a lot on what is causing the present problem in our real estate market and have come up with one relatively easily fixable problem!
According to an article in Crains New York Business NYC is less vulnerable to increases in oil prices.
The 1990 Tax Act provided some special tax advantages for small companies and individuals. This tax incentive, known as the "Percentage Depletion Allowance", is specifically intended to encourage participation in oil and gas drilling. This tax benefit is not available to large oil companies, retail petroleum marketers, or refiners that process … (0 comments)