Cramer: How to Trade Oil Now (Video, Sept. 12)
Jim Cramer gives his
put strategy on some oil stocks.
To watch the video, click the player below:
Plus, don't miss
Oil Prices Sink as Gustav Fears Diminish (Update) (Sept. 2),
Cramer: The Gulf Can't Make or Break Oil (Video, Sept. 2),
Crude Futures Fall After Gustav Weakens (Sept. 1),
Tropical Storm Gustav Rocks Oil Prices (Aug. 29),
Oil Rises as Gustav Storm Intensifies (Aug. 27) and
Jim Cramer's 'Stop Trading!' Don't Trade on Gustav (Aug. 27).
China Watch: Peer Into CNOOC (Video, Sept. 8)
In
China Watch: What's So Special About CNOOC? (Video, Sept. 5), energy reporter Chuck Marvin gives you the lowdown on why things are looking up for China's third-largest oil company. Here, he fills you in on the risk of investing in CNOOC, why CNOOC outdoes its competition, and if you should really get it on this oil stock now.
To watch the video, click the player below:
Plus, don't miss this video take on another China-based oil play:
China Watch: A Little Gem Under $10 (Aug. 25:Frank Curzio of the
Stocks Under $10 portfolio touts
WSP Holdings (WH Quote - Cramer on WH - Stock Picks), an oil equipment and services company, as a little-known gem.)
From
Drill, Baby, Drill ... Just Not Anytime Soon:
Republicans spent the first week of September at their national convention in the Twin Cities chanting: "Drill, baby, drill." The pressure and poll numbers showing public support for drilling may be paying off for them.
Democrats have resisted efforts to support offshore drilling most of the summer. However, a bipartisan group of senators has pushed for an energy compromise that would include drilling. Senate Majority Leader Harry Reid (D., Nev.) announced Monday a legislative slate to address comprehensive energy plans and offshore drilling to facilitate a compromise.
Will an energy bill pass or will 2008 mirror 2004 when Congress passed the buck on energy? Back in 2004 an important presidential election was also dominating the news. However, in contrast to the present, Democrats were in the minority back in 2004. Democrats had managed to block the passage of an energy bill crafted by VP Dick Cheney's energy commission for three years in a row by bottling it up in the Senate. It finally passed in 2005 after the election.
History could very well repeat itself.
Read the full version of
Drill, Baby, Drill ... Just Not Anytime Soon.
Plus, don't miss
Cramer: A Drilling Compromise Would Be Hugely Bullish (Aug. 15).
From
Oil Prices Slip on New EIA Data (Sept. 4):
The EIA [Energy Information Administration] said that falling petroleum imports were largely responsible for the 3.6-million-barrel decline in commercial petroleum inventories during the week ending Aug. 29.
Motor gasoline inventories fell 1 million barrels for the week, and distillate fuel inventories also declined.
However, refinery utilization eked out a surprise gain last week to 88.7% from 87.3% after falling the previous four weeks, and domestic motor gasoline production rose more than 300,000 barrels a day from the previous week to 9.4 million barrels per day.
Read the full version of
Oil Prices Slip on New EIA Data.
From
Energy Markets Tumble on Nat Gas Data:
The EIA's [Energy Information Administration] natural gas report estimates that working gas in storage increased last week by 102 billion cubic feet to 2,757 billion cubic feet in total underground storage. That increase puts total current storage in the high end of the five-year average range for this time of year.
Recently, energy markets have been flooded with reports of falling demand for energy around the globe, which, in concert with a strengthening U.S. dollar, have clobbered crude oil prices down to about $112 a barrel from $148 a barrel just six weeks ago.
Crude prices had been strong in Thursday [Aug. 28] pre-session trading, buoyed by hurricane-related fears in the Gulf of Mexico.
While [Tropical Storm] Gustav remains a threat to offshore drilling platforms, the Port of Houston, and to the many oil refineries lining the Texas and Louisiana coasts, the storm all but disappeared from energy traders' radars once the EIA's natural gas report was released Thursday morning.
Read the full article. (Note: Aug. 28, crude oil closed at $115.59 a barrel, down $2.56.)
TSC Staff
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