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Monday, August 31, 2015 10:55 AM

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The Continuing Problem with Oil Inventories   A recent "Today in Energy" posting by the U.S. Energy Information Administration very succinctly explains the reason why oil prices have dropped over the past year and why it is unlikely that the oil market fundamentals will change any time soon.    
What is the CAPE Ratio Telling Us About The Stock Market?   The recent correction/downturn in the stock market seems to have taken many investors, both big and small, by surprise.  If one looks at historical stock market valuations, particularly price-to-earnings data, it is quite clear that the recent volatility to the downside should have been
Saudis Could Face An Open Revolt At Next OPEC Meeting    OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil.

Despite
How the Federal Reserve Has Lulled Consumers Into a False Sense of Credit Reality    A recent posting by Nerd Wallet examines Americans and their credit card debt.  While the data is not terribly surprising, the fact that the Federal Reserve is contemplating an end to their unprecedented zero interest rate policy will cause significant discomfort for American
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market's swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices.

In October, Saudi sources first prepared the market
The Saudi Oil Price War Is Backfiring    Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.

The Saudis have kept their production
Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.

But the collapse of prices in July – owing to the Iran nuclear deal, an

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Markets Today

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o Potash Corp 25.95 ▲0.18 (0.70%)
o Google 630.38 ▼7.23 (-1.13%)
o Suncor 27.86 ▲0.30 (1.07%)
NASDAQ:POT

Potash Corp

Company ID [NASDAQ:POT] Last trade:25.95 Trade time:4:05PM EDT Value change:▲0.18 (0.70%)
NASDAQ:GOOG

Google

Company ID [NASDAQ:GOOG] Last trade:630.38 Trade time:4:03PM EDT Value change:▼7.23 (-1.13%)
NYSE:SU

Suncor

Company ID [NYSE:SU] Last trade:27.86 Trade time:4:08PM EDT Value change:▲0.30 (1.07%)

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