Today's story comes from Cory Mitchell, who explains how the charts of oil and the overall market are now hauntingly like the 2006-2008 period—but in the short term, that means now could be a good time to own stocks.
For the first time since 1949, the United States is poised to become a net exporter of petroleum, according to the Petroleum Supply Monthly report for November put out by the U.S. Energy Information Administration.
The U.S. Environmental Protection Agency recently announced that hydraulic fracturing - or fracking - may be the cause of groundwater pollution in a Wyoming community.
Fracking has helped the United States maintain the world's number one economy, but the exploitation of unconventional gas is also catching the eye of the world's second largest economy: China.
Part 1 suggested the macro force of “peak oil” which will constrain global oil supplies, will push the price of oil higher. Yet if peak oil occurs, it implies peak debt and GDP.
Timing is everything in the market and being able to spot trends is critical for locking in attractive returns. Natural gas producers have taken a beating over the past three years but there are encouraging signs that natural gas might be ready for a break to the upside.
Will the US oilpatch get flooded with Canadian juniors looking to build and sell production to the new Canadian energy income trusts? Trusts are now allowed in Canada again – but with foreign assets.
