To set the stage, we have all time record high unemployment. We have crude oil building every week. OPEC people mad that they are not making money. So in the end what could happen? Who knows? The U.S. people have … Continue reading →
As I watched CNBC today, I saw a friend of mine Joe Petrowski, CEO of Gulf Oil and Cumberland Farms say that he thinks the market could move into the $20 a barrel range with $1.00 gas prices. I like … Continue reading →
As our 44th President of the United States of America is sworn in today, I can’t even imagine what must be going through Barack Obama head. This is only the 44 President in our entire history of the U.S. Think … Continue reading →
It was just a few weeks ago that we told you that the Gaza war would end before Barack Obama took office. Along those same line we believe Russia would come up with an agreement with the Ukraine. In our … Continue reading →
The market contango is also extraordinarily wide, also provoking covering here,” referring to the March NYMEX contract’s $6 premium over February. Contango is a state of the market when further months out are higher than current moves. In short most … Continue reading →
The market is over flooded with crude oil as traders are buying crude and putting into storage in hopes that it will be worth more at a later date. Oil tankers are being leased at sea. Storage space for crude … Continue reading →
New week, new action, what are fuel prices going to do this week. The Sokolis Group still believes that there is room for prices to move lower, of course if we were as smart about the fuel market as we … Continue reading →
Just when everyone was starting to worry the fuel prices were headed higher we find out that we have a lot of inventory. Fuel prices plunged across the board Wednesday, giving up a week of gains with unexpectedly large U.S. … Continue reading →
The slide in gas and diesel fuel has slowed down and has actualy started to climb back up recent days amid indicators that the national average could jump to $2 a gallon or higher this spring. A shift in the … Continue reading →
There is no peace in the Middle East. Conflict between Israeli and Gaza continued for its 7th day. Meanwhile Russian gas monopoly Gazprom has cut off gas shipments to Ukraine since Thursday in a dispute over payments, and Ukraine warned … Continue reading →