US drivers had high hopes that the historic release of oil from the nation’s Strategic Petroleum Reserve would help ease triple-digit prices of crude oil and reduce gasoline prices at the pump, but the costs for both have seen little relief. More than three months after the Biden administration announced in late March the biggest-ever…
Read More “Why the US exports oil when we need it here at home” »
During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has. But you might want to tilt toward a sector that has fared well during previous downturns. You might…
It’s never really a bear market until all the stragglers get taken out and shot. So it was just a matter of time before energy stocks, the big winners for much of the first half of this year, got nailed. Now the Energy Select Sector SPDR Fund XLE, -1.71% and the SPDR S&P Oil &…
Read More “Opinion: Missed the rally in energy stocks? Here’s your second chance to buy” »
Soaring gas prices have made road trips more expensive, while also contributing to increasing costs for airfares. And while you’ll likely not fly in an electric plane anytime soon, this might be the year of the electric car road trip. Even if you don’t own an electric car yourself, it’s fairly easy to rent one….
Read More “Don’t give up on a road trip yet — consider renting an electric car” »
CAMBRIDGE, Mass. (Project Syndicate) – Over the past 2½ years, world oil and gas prices have been subject to demand shocks and supply shocks — and sometimes both simultaneously. The resulting volatility in energy markets is both a reflection and a microcosm of a caring global economy. The price of Brent crude oil BRN00, -8.09%…
The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied on the 60-40 portfolio – named because it involves holding 60% of one’s assets in stocks, and the remaining…
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack their cars and travel to Fourth of July barbecues that will cost them more than last year, they’ll fill up at gas stations where they are likely to be paying just a little less at…
Read More “Gas prices edge down just in time for July Fourth travel – here’s why” »
Commodities have performed well so far this year, buoyed by strength in oil on the back of tight supplies, but worries that the economy is headed for a recession has fed losses among the industrial metals. In Thursday dealings, the S&P Goldman Sachs Commodity index XX: SPGSCI trades more than 30% higher so far this…
Read More “Energy leads commodities surge with oil up roughly 50% in first half of 2022” »
In the wake of Russia’s invasion of Ukraine, a host of major US corporations described their efforts to exit the country. With the war about to enter its sixth month, the Moral Rating Agency has released new data surveying 114 of the largest companies in the world involved with Russia at the time of its…
President Joe Biden’s ambitious plan to address climate change hit a major hurdle as the Supreme Court on Thursday ruled to restrict federal reach in controlling emissions at power plants and beyond. The court, whose conservative majority has already shown reluctance in broadening federal agency scope, considered the Environmental Protection Agency’s (EPA) authority to regulate…
Read More “Supreme Court limits EPA’s role in combating climate change” »
