Oil Panic! The Three Myths Driving the Market Wild

Oil is by far the most widely traded commodity in the world. It is also the most corrupt.By way of example we need look no further than the events of the past two years. What with our TV screens filled with images of blazing oil pipes in Iraq, traffic jams in Shanghai and hurricane disasters in the US. A seemingly endless list of horrors endlessly regurgitated. All this with one goal in mind: to

The seeming lockstep price of Crude Oil and the Morgan Stanley Capital International

The seeming lockstep price of Crude Oil and the Morgan Stanley Capital International EAFE based TSP 401k.A friend of mine at work got into the I fund (based on the Morgan Stanley Capital International EAFE) at the right time and rode it to some great profits. He said that as oil prices rose so did the I fund. Being a curious fellow I decided to take a look and an interesting pattern appeared.I

Auto Repair: How Can They Screw Up An Oil Change

"It's all about beating the clock". This quote comes from a wise old service manager, advising me on how to maximize my income as a flat-rate technician. If you have ever wondered why your car doesn’t get fixed correctly, or all your concerns weren’t addressed, you can blame, in part, the flat-rate pay structure.Flat-rate simply means that your mechanic is paid a flat fee for a particular repair,

Investing In Oil And Natural Gas Is All About Diversification

Investing in gas & oil investments is all about reducing your risk, and spreading-out your investment funds, or diversifying in as many new prospective oil & gas wells as possible while building a portfolio of new commercially productive wells. You need to be able to do this while taking advantage of the opportunities to invest in many fields as practical.Your goal should be to own working

Oil Production May Be At Its Peak, Experts Say

Anyone who has recently visited a gas station has felt the pinch of the impending oil crisis by having to pay more than $3 per gallon for gas.While most people understand that we are facing a worldwide shortage of one of our most precious commodities, the reasons behind the deficiency remain somewhat vague.According to Mammoth Resource Partners, Inc., a Kentucky-based oil and gas exploration

Oil - The Lifeblood Of Your Car

I was actually a passenger in a car that was having an active oil leak. The driver knew what was happening, and was warned to pull to the side of the road and call a tow truck, but she wanted to try to make it home. Unfortunately, she didn't. The engine seized up, never to run again. What a foolish and costly mistake.The simple fact is that the engine in your car cannot run without lubrication

Specialty Motor Oil Protects Cars From Ethanol

Since President Bush announced an agenda for weaning the country from dependency on foreign oil, new ethanol plants have been popping up across the nation.Ethanol demand is rising. If you fuel your car in the U.S., you are putting ethanol in your gas tank because regular gasoline now contains at least 10 percent ethanol. And many gas stations are replacing their mid-grade gasoline with E85, which

Investing in Oil in the Face of Terrorism

Terrorist attacks threaten the security of nations and create an atmosphere of uncertainty. These threats impact stocks and commodities markets around the world and make investment decisions very difficult, even for the experts. So what can average investors do? First, they should ask themselves what the likelihood is of a major terrorist attack. Then, they should determine whether their

Credit Cards From Oil Companies Are No Bargain

The number of consumers with oil company credit cards, good for gasoline purchases, has increased dramatically during the last ten years. The two main reasons for this growth are the general easing of qualifications for such cards and the growth of pay at the pump. It is simply much easier and faster to buy gasoline if all you have to do is stick a card in the pump, get your gas and drive away.

Drillers Hope to Strike It Rich With Old Oil Wells

Exploration firms are finding that reopening oil wells that have long been closed may help decrease the crude oil shortages.For example, Desdemona, Texas, which was booming with oil production in the early 1900s, once was one of the largest oil producers in the region. Unfortunately, the town's heyday ended almost as fast as it started due to some of the oil wells drying up. Its production of 7.3