The Inquisitive Mind

The spike in the price of crude in May is having the anticipated effect of arousing the Congress in this election year. Earlier this week, Congress passed a bill with veto-proof margins to suspend intakes into the Strategic Petroleum Reserves till crude oil prices go under $75/barrel and stay there for ninety days.
Enron Loophole: Position [...]

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The Yahoo!-Microsoft merger saga has taken a new twist with the revelation that the activist investor Carl Icahn has built up a major stake in Yahoo. Mr. Icahn owns about 50 million shares of Yahoo, investing more than a Billion dollars of his own money.
Proxy Fight: Complete Slate of Directors
Mr. Icahn will try to replace [...]

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Crude Oil rallied to a new intra-day high of $126.98 today, before pulling back to close the session close to $126/barrel. The trigger for the rally was a International Energy Agency report that the stockpiles of distillates in Europe were down 6.7% in March over the same time year ago. Last week’s EIA’s report had [...]

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Oil surged above $126 today. Speculators are buying options on oil reaching even $150 in the next two weeks. The speculative fervor was fanned by a Goldman Sachs report that oil might spike to $150 or even $200 in the next six to 24 months. Oil had reached the $120 level and then fallen back [...]

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Oil prices reached an all time high, reaching an intra-day high of $123.79 today. The weekly IEA report showed that crude oil and gasoline inventories had gone up significantly more than predicted. The crude oil inventory was up 5.65 million barrels, or 1.8 percent, to 325.6 million barrel, about four times more than what analysts [...]

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