ChristopherPeterson
voted
After intense negotiations and heated protests, nearly 200 nations, meeting at the United Nations' COP28 summit in Dubai, agreed to move away from fossil fuels.
The landmark deal to battle climate change entails "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science," the proposal reads.
Meanwhile, oil bulls are stuck in a rut as t...
The landmark deal to battle climate change entails "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science," the proposal reads.
Meanwhile, oil bulls are stuck in a rut as t...
9
ChristopherPeterson
voted
Oil prices were little changed on Thursday as investors eagerly awaited the outcome of an anticipated OPEC+ meeting that could lead to deeper supply cuts in 2024.
Brent crude futures for January climbed 70 cents to $83.80 a barrel by 0935 GMT, on subdued volumes given the contract is meant to expire today. The more active February contract was up 58 cents at $83.46 a barrel.
Meanwhile, U.S. West Texas Intermediate crude futures crept up 55 cents at...
Brent crude futures for January climbed 70 cents to $83.80 a barrel by 0935 GMT, on subdued volumes given the contract is meant to expire today. The more active February contract was up 58 cents at $83.46 a barrel.
Meanwhile, U.S. West Texas Intermediate crude futures crept up 55 cents at...
6
ChristopherPeterson
voted
$Crude Oil Futures(JUN4)(CLmain.US$
Crude's price movements have been showing signs of bearishness the past several weeks. Check out the link below for more info on my bearish thesis.
Why Would Anybody Be Bearish on Oil Right Now
With all of the geopolitical conflicts taking place around the world it can be difficult to be bearish on oil. Personaly, I was bullish on crude even after the Major selloff that started off the month of October. But as m...
Crude's price movements have been showing signs of bearishness the past several weeks. Check out the link below for more info on my bearish thesis.
Why Would Anybody Be Bearish on Oil Right Now
With all of the geopolitical conflicts taking place around the world it can be difficult to be bearish on oil. Personaly, I was bullish on crude even after the Major selloff that started off the month of October. But as m...
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2
ChristopherPeterson
voted
$Occidental Petroleum(OXY.US$ $Camber Energy(CEI.US$ $Imperial Petroleum(IMPP.US$ $Crude Oil Futures(JUN4)(CLmain.US$ As we predicted last week, the temporary weakness in oil prices coming from a widespread futures sell-off by speculators was nothing more than just a respite before another upwards climb.
The unchanged physical tightness in oil markets, which can be seen from backwardation, combined with French President Macron highligh...
The unchanged physical tightness in oil markets, which can be seen from backwardation, combined with French President Macron highligh...
8
ChristopherPeterson
voted
$Bitcoin(BTC.CC$ Being Dead Hundreds of Times
For its relatively short life of just over a dozen years, bitcoin has garnered the attention of many nay-sayers who have pronounced it dead multiple times. In fact, 455 times to be precise, according to a special website designed to track such proclamations.
So far, though, none of them has turned out to be accurate as BTC has overcome all odds and, whether it had taken weeks, months, or years...
For its relatively short life of just over a dozen years, bitcoin has garnered the attention of many nay-sayers who have pronounced it dead multiple times. In fact, 455 times to be precise, according to a special website designed to track such proclamations.
So far, though, none of them has turned out to be accurate as BTC has overcome all odds and, whether it had taken weeks, months, or years...
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2
ChristopherPeterson
voted
$Bitcoin(BTC.CC$ $Dogecoin(DOGE.CC$ $Ethereum(ETH.CC$ Mad Money host Jim Cramer predicts the price of bitcoin will fall to $12,000. Nonetheless, he recommends bitcoin and ethereum to anyone who wants to invest in cryptocurrencies.
"I think people involved in bitcoin need to take a different stance," the Mad Money host noted. "We need some people to say, 'Look, this is the level.' That's typically what happ...
"I think people involved in bitcoin need to take a different stance," the Mad Money host noted. "We need some people to say, 'Look, this is the level.' That's typically what happ...
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23
ChristopherPeterson
voted
the housing market and the auto market haven't tumbled yet, not even a quick shake, but it's incoming. So many people are close to tapped out and can't afford an unforeseen divorce, job loss, car breakdown, medical issue, etc. They would have been able to handle those variables under good economic times, but not under record gas prices, record food prices, etc, on top of record high mortgage and auto loan payments.![]()
Will t...
Will t...
7
ChristopherPeterson
voted
US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
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