The Situation Requires Leadership »

By Robert Safuto on Jun 8, 2008 in Opinion | View Comments

The end of last week featured a furious rally in the oil markets combined with a furious sell off in the American stock market. Oil ended the week on Friday up more than $10 a barrel from the close of the previous day. The Dow Jones Industrial Average dropped almost 400 points on Friday. Many [...]

Oil Hit One Hundred Dollars Today. Now What? »

By Robert Safuto on Jan 2, 2008 in Analysis | View Comments

Now that the psychological barrier has been broken this is a commodity that can go nowhere but up. Here are some reasons why I think that is true. * The price of oil is affected by more than just demand for energy. We can’t control geopolitical issues and things like assassinations in Pakistan and the [...]

Will $100 Oil Change Anything? »

By Robert Safuto on Nov 10, 2007 in Opinion | View Comments

You might have heard that the price of oil is near $100 U.S. dollars. The price of light, sweet crude closed at $96.32 on Friday, November 9th. The commodity is near a historic high that is arguably somewhere around an inflation adjusted $101 per barrel. In addition to being a record number a lot of [...]