Posts Tagged ‘OPEC’

Why I’ve finally thrown in the towel on the TSX

Posted by Jeff Rubin on December 10th, 2014 under SmallerWorldTags: , , ,  • 7 Comments

Adherents of index investing in Canada have had a rough month as falling oil prices have inflicted considerable pain on not just the energy sector but the entire Canadian market. After surveying the landscape I’ve finally thrown in the towel on the TSX and switched my investing allegiance south of the border to the less [...]

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The downside of oil independence

Posted by Jeff Rubin on December 2nd, 2014 under SmallerWorldTags: , , ,  • 9 Comments

What a difference a couple decades can make. OPEC’s decision to maintain production has rocked the TSX, sending energy companies as well as governments scrambling to figure out what to do in a new world order where oil prices might continue to slide. Rewind to the energy crisis in the 1970s and a decision by [...]

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Will Syria Bring an Oil Shock?

Posted by Jeff Rubin on September 3rd, 2013 under SmallerWorldTags: , ,  • 7 Comments

Is the Middle East about to deliver another oil shock to the global economy? The U.S. military has targets picked out in Syria and President Obama is trying to convince Congress that America needs to intervene. If the U.S. does go ahead with tactical strikes against the Assad regime, oil markets will be caught in [...]

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Just why did the United States and the International Energy Agency decide to release 60 million barrels of oil next month from their strategic petroleum reserves? The IEA cites the loss of 1.5 million barrels of Libyan production but that’s been going on since February. So why has it taken until July for them to [...]

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There are many ways that oil shocks affect the economy, and none of them is good. As the prices of gasoline, diesel and home heating fuel rise, consumers’ energy bills eat up a growing share of their after-tax income, forcing cutbacks in more discretionary areas of spending. The next thing you know, people are going [...]

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