Oil goes into new waters!

With the price of Oil hitting above 100$, it is that time of the year where we should all start looking for alternative means of transportation. With the Oil at new heights and with the middle east in an uneasy condition, one can only wonder how much further is this going to go to.
Of course, all eyes are on the OPEC but going by what they did the last time there was a hike in the Oil price, they would not do much this time either. The cost of the Gasoline has already shot up and naturally the prices of the essential commodities are also getting hiked. Our wallets are growing thin and now with this Oil hike, it is becoming micro, getting by on our salaries is really turning into a struggle of sorts these days.

Oil jumps again , this time because of Turkey!

The oil prices seem more and more exposed to the world politics than it is to the basic economics. These days, anytime there is a strike in any of the middle eastern countries, the immediate perception is that there is going to be a oil supply problem and that the 'Black gold' is going to get more rarer.
All of this is rubbish, of course. It is the case of the man who has too much, he only has too much as long as the rest of the humans want it, so consistent problems on the supply front will cause the demand to drop in the long rum and may also result in the demand disappearing altogether. Of course, this need not be the same in the Oil front, but it is high time that OPEC realises that they should make the necessary corrections to compensate for any such strikes that may take place on any of the middle eastern countries. If they want to consider themselves as a professional organisation, then it is high time that they start acting like it!

Light Crude goes up by 1.90$ !

The common economics states that as the inventory falls, more pressure is exerted on the supply as the demand for that product is constant and ever increasing. What am I talking about? I am talking about the price of Oil and the price tango that it seems to go into each and every time the Energy department announces to the world that the Inventories have either fallen or risen.
The rise in inventory would make the oil prices to swing the other way about and this time around, the inventory stocks in the United states has fallen by at least 700,000 barrels last week, according to the energy dept. Naturally this has started exerting more pressure on the crude supplies and the factors that can effect the supply of Oil to the United states. Naturally as this news broke out, the immediate effect today is the rise in the price for Light Crude for January delivery which has risen by 1.90$ to 91.92$ a barrel on the NY Mercantile Exchange.

The Oil market is tight as it is with the OPEC not really into making more deliverables than the current content. And at times like this if there is any news of a skirmish in the middle east or another Palestine - Israel conflict, that will have a very resounding impact on the Oil prices or if Bush were to get more hawkish on Iran or the entire Middle east, that will most definitely make the Oil reach for fresh pastures beyond the 105$ range.

What one should remember is that inventories rise and inventories fall, but it is when the inventories fall that one should take into account the other factors like the geo political factors. It is at times like this that the price of the Light Crude as well as the entire Oil market is most vulnerable and with the way that the U.S economy is under right now, we most certainly do not need a 'bullish' Oil market as that would only extend undue influence on the already falling Dollar and may even push it into the Nether world!

oil,Iran,United states,middle east,Dollar,

Oil surges ahead and stocks get battered!

Today saw the Wall street take a battering on account of the surge in Oil and the weak economic data. i had already posted on the Oil reaching 90$ and more. It was only to be expected especially with the Middle east conditions being what they are. What has made matters even worse is the fact that the OPEC is not increasing the supply at the moment and they are scheduled to have a series meetings on this account. If the OPEC cannot control the sudden surges in Oil prices, then may be some one else could do it for them. The statements from the president of the United states, George bush on Iran and the World war 3 certainly did nothing to ease the markets. All they did was to increase the 'bear' pressure on the markets. All in all, with the Oil surges and the weak economic data coupled with Georgie's statements on war, all of them together made the Wall street take a battering!

wall street,oil,share market,opec,

Edealfinder- the haven for great Coupons!

There is a place for coupons and discounts and in case you are wondering what place am I talking about, well, i am talking about the Edealfinder.This is the place where you can get anything and everything at a lesser price and why is that?it is mainly because of the great 'coupons and discounts' that are available here.
This is one store that sets its value by its customers. We all know just how costly and expensive are the pet medicines. guess what, here they have coupons for everything including 1800PetMeds coupons which you can use for buying your pets some valuable medicines that they need. This is one store that has a coupon offer for almost everything. You should check out their 1800PetMeds coupons & discounts. They also have a special section for Dell, remember all the hi tech stuff that you had wanted to purchase but could not because of the price ranges.well,with such coupons available at this site, you can get all the stuff that you had ever wanted and even more, all at great throwaway prices! so click on!

Oil price hikes?

With the oil prices soaring new heights is it any wonder that the crunch is being felt in all the world markets?India is no exception to this and today many of the oil companies were clamoring to the PM's office for a hike in the oil and other fuels that they provide to the common man.they have often taken the brunt of the rising oil prices and the common man for whom such essential fuel is subsidised,hardly feels the punch.but as the oil companies in India have pointed out,this sort of situation cannot go on forever and that sooner or later,the Indian public would have top be exposed to the Oil tango that is felt all over the world.so sooner or later the government of India like all the other governments all over the world will hike the prices up,it is just a matter of time.probably this may happen sooner than later!

77$ for one barrel of Oil!

Oil is shooting up and up and it seems that no end is in sight.with the OPEC refusing to increase output of its wells in the near future everyone seems to be bidding on oil reaching even higher strata.who knows,with the current demand and the rush for oil one should not be all that surprised if it were to reach 85$ per barrel within the next year or so.
With most of the major funds being bullish on oil,this is causing a headache of sorts for most of the countries in the world,namely the U.S and India and so on.since the Oil prices have a huge impact on the prices of essential items in the Indian consumer market,the consumers should not be all that surprised to find that the next kilo of veggies may not be all that palatable to the middle class stomach.oil goes up and so does the prices of most of the things all over the world.unfortunately for us,one of the things to increase soon with the price in oil is the price of food items.maybe that is why the prices of food items in India have not reduced as much as they should have with a lower inflation.maybe the oil is boosting up the prices again.well,it has turned out to be an oily day of sorts!

Food becomes cheaper here!

As the inflation turns down to 4.36 per cent during the week ended July 21 ,the first impact of the rising or falling inflation is often felt in the prices of the vegetables and essential items.likewise since the inflation is lower compared to the last time the food prices have fallen down but not that much as it was expected to do so.
The common man's worry has always been the inflation and so the Reserve Bank of India is keeping a very close watch on the inflation dips and peaks.in spite of the dip in inflation the RBI is still sticking with its predicted inflation for this fiscal year at a staggering 5%.so lets tighten those purse strings and while we are at it lets see if we can grow our own veggies[just joking].