Crude Oil

History, chart and live prices

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During this stormy days, that we're living, the crude oil prices experience a great variety. On the one side there is the economy crisis of the United States, on the other the hurricane season in the Gulf of Mexico.

Read more: Political and Geographic Influences on the Crude Oil Prices
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In the last few days, the scientist of the United Nations got together in France to discuss their new plans and ideas in the fight against the damages to the environment. All of them believe in that legendary “Global Warming” and without facing the facts, that whole Europe, even France, is under a big cloud of cold wind and rain. They are ready to spend millions of euros and dollars for pilot projects, which will save the Earth of it's trash... in the next 100 years.

Read more: Economy is going to the dogs and we want to save the Nature
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The US crisis is going deeper and deeper. If the Obama Administration will not fix the situation, the dollar will loose his value and the inflation will take over inevitably the whole economy. Even if the government has to fight against such serious problems, the Department of Energy has a mandate to spend $50 million dollars a year for renewable energy researches.

Read more: Time to experiment with hydrokinetics?
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United States Government Employed Mathematicians Caught Fudging the Numbers in an Attempt to Prove the Planet is Warming

NASA had officially reported that the calendar year 1998 was the hottest year since records have been kept. Not so. A Warmer skeptic went behind them and checked the math. He discovered that 1934—not 1998 was the hottest year on record.
NASA—with oodles of Eggheads counting the beans now mind you—feigned ignorance. "An innocent mistake," they claimed. Nevertheless, the agency ordered a full data review.
A full month later, the NASA put out a revised list of all-time hottest years. And indeed, the Dust Bowl year of 1934 now ranks as hottest ever in the U.S.—not 1998.
Read more: Skullduggery Found in Climate Figures
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Wikipedia: "Oil shale, an organic-rich fine-grained sedimentary rock, contains significant amounts of kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil can be produced." Shale oil is, because of a theory by the Rand Corporation in the 1980's, one of the most controversial energy sources of today's industry. In the USA they say “It uses too much precious water! It’s unproven technology!”. In Estonia, a company produces around 25 thousands of crude oil a day. 

Read more: Is Shale Oil Useful?
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Articles Discovered Showing that a 1922 Edition of The Washington Post Had a Page Two Article Entitled "Arctic Ocean Getting Warm; Seals Vanish and Icebergs Melt."

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." (A British scientist skeptical of "Global Warming" quoting Marcus Aurelius and implying that the Warmers are insane.)
What else? Can this be? Is the Left repeating a con that they tried to pull over eighty years ago? It certainly looks like it. Read on and learn how your enemy works; they’re tenacious, but not very innovative. Elmo Robbins
Read more: Global Warming Scare Mongering Tried Before in 1922
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Is our planet actually cooling?

"The salient facts [regarding climate change] are these. First, the accepted global average temperature statistics used by the Intergovernmental Panel on Climate Change show that no ground-based warming has occurred since 1998. Oddly, this eight-year-long temperature stasis has occurred despite an increase over the same period of 15 parts-per-million (or 4 percent) in atmospheric CO2."

"Second, lower atmosphere satellite-based temperature measurements, if corrected for non-greenhouse influences such as El Nino events and large volcanic eruptions, show little if any global warming since 1979, a period over which atmospheric CO2 has increased by 55 ppm (17 percent)."

"Third, there are strong indications from solar studies that Earth’s current temperature stasis will be followed by climatic cooling over the next few decades."

"In fact, there is every doubt whether any global warming at all is occurring at the moment, let alone human-caused warming." (Bob Carter, Professor in Climate Science at James Cook University)

The above statement was made in 2006. Harsh winters and cool summers to date are an indicator that our planet has already entered a natural and normal, cyclical, cooling phase. 

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You don't have to be an idiot to be a sucker at something, especially gambling and investing. People who're capable of running large businesses and making millions of dollars make some of the worst investors and the biggest suckers. Running a business where you have a profit locked in every time you make a sale is a lot different from investing your money in something that might give you a return on your money after a period of time and might not. In the latter situation the smartest of people tend to want to grab at the fastest moving, thinnest straw, rather than the slowest, fattest one. No matter how many examples you give them of the tortoise outrunning the hare, they still want to climb on what they see as the investment fast track. The exotic hare is seductive; the plain-looking tortoise is boring.

Read more: Avoid the "Herd Mentality" When Investing Your Money (Part 2)
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As we all know, after starting the “wonderful” Quantitative Easing II ("QE2") program in November 2010, the prices of crude oil are in a hiking process. Also the weak dollar and China's taking over actions, the crude traders had to live really excited days in the last months. The prices of WTI and Brent are around $100 or even higher and there are no improvements to await.

Read more: Legend Oil and Gas Ltd