Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per ounce. Oil topped $146 per barrel. Now prices are falling.
Back when oil was in the $140s, I said — ...read more
Economic Lessons from History Class
Aug 19th, 2008 | By Byron King | Category: Macroeconomics
Some of the greatest economic shifts in history are associated with big political swings, if not with politicians by name. Think of Hooverism, Roosevelt’s New Deal, Reaganism or British Thatcherism. But those are just labels. Things are not as simple as they imply.
They’re like plate tectonics in the field of ...read more
Falling Oil Still Gives Us Investment Opportunities
Aug 12th, 2008 | By Byron King | Category: Commodities
On the energy front, we’ve seen several days of declining prices. Oil has led the way, falling from about $146 to $112. Coal and natural gas sold down, as well, as did many energy companies and service firms.
So we’ve seen quite a tumble, led by declining oil. But then again, ...read more
Investing in Western Oil
Aug 7th, 2008 | By Byron King | Category: Energy
As I drive across Canada and down into North Dakota, I’m seeing energy everywhere.
The farms are well tended, and the agricultural productivity is awe-inspiring. There are wind farms up, and going up, on many a hillside. Power lines crisscross the landscape. There are dams and impoundments on many of the ...read more
Fixing the Energy Policy is the Number One Priority
Jul 14th, 2008 | By Byron King | Category: Energy
With the price of oil doubling in the past year, there are more fingers being pointed than solutions being offered. Unfortunately, one of the biggest “culprits” garnering much of the blame has been the oil speculators. Congress has decided to make them the scapegoat for our energy concerns, and unfortunately ...read more
Oil Prices and Global Spending Disparities
Jun 26th, 2008 | By Byron King | Category: Commodities, Macroeconomics
The returns are coming in from the distant precincts of the oil patch, and the winner is……… Oil!
The price for oil has barely budged based on the Saudi Summit. There has been no summer sell-off, and I’d be surprised to see a significant pullback as the summer driving season kicks ...read more
Watch Out for the Climate Security Act
Jun 18th, 2008 | By Byron King | Category: Commodities, Energy
I received an email from a Washington, D.C. advocacy group urging me to urge my U.S. Senators to “support the Climate Security Act.” Climate security? This is legislation to set up emissions trading or a “Cap & Trade” system for carbon-based energy supplies.
Basically, the government sets up a national limit ...read more
56 Licenses to Profit in the Nuclear World
Jun 13th, 2008 | By Byron King | Category: Energy
If you didn’t invest in this nuclear equipment provider (NEP) company on March 31, you missed out. Within minutes of the latest news, shares for this NEP started rising, and currently, they are sitting 25 percent above their March 31 price.
Too bad, eh?
Normally, as an investor, I’d feel left out, ...read more
Meeting U.S. Oil Demand
Jun 6th, 2008 | By Byron King | Category: Commodities, Energy
What will happen when there is less oil? U.S. oil demand will fall, whether anybody likes it or not. The oil will simply not be available in the volumes that the government, industry and people in general have come to expect. So the phenomenon of declining oil use will not ...read more
Profiting from the Coal to Liquid Debate
Jun 5th, 2008 | By Byron King | Category: Commodities, Energy
During a trip to D.C., I talked with a group of people in the field of energy research. I heard some of the “inside baseball” information on one major DOD program that will convert large amounts of U.S. coal into synthetic liquid fuel. This will be a government-industry partnership, with ...read more

