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Energy Charts Exclusives |
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Energy CPI (as of
04/07/08)
"Oil and natural gas are depleting resources.
Investment in these areas
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Featured EditorialEnergy Bull Market Fundamentals Remain Strong| Apr. 24, 2:13 PM PST
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Energy News |
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Baker Hughes
Source: Bloomberg |
Commodity Prices
Source: Bloomberg |
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Not only did oil break $100/barrel despite widespread disbelief, it is now knocking on the door of $120/barrel. The strength in oil prices is even taking even the most ardent energy bulls by surprised despite a U.S. slowdown. Some attribute the rise in both gold and oil to the weakness in the dollar, but the decline in the dollar can only explain part of the move in oil and gold.
Charts
Amex Nat Gas Index
Amex Oil Index
Matthew Simmons
"...we passed the peak on December 16, 2005."
— Kenneth S. Deffeyes