Falling oil prices are a good thing. They are good for the European economy. The only problem is that the low prices are not going to last, I think it is temporary. But the idea that Europe needs inflation is a complete and utter nonsense. Economies benefit from falling prices. Imagine if crude oil was free, if Europeans could have all the oil they wanted and did not cost anything. Wouldn't that be fantastic?
Related exchange traded funds: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO)
Related stocks: ConocoPhipllips (COP), Exxon Mobil (XOM), Marathon Oil (MRO), Schlumberger (SLB), Halliburton (HAL)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Showing posts with label United States Oil Fund LP ETF (USO). Show all posts
Showing posts with label United States Oil Fund LP ETF (USO). Show all posts
Dec 1, 2014
Crude Oil Collapsing Like In 2009
I think the U.S. Economy is far weaker than the general consensus. I think we are headed into recession too, and that is why you see oil prices collapsing the way they did back in 2009.
But another factor that is exerting more downside pressure on oil is the widespread belief that the Federal Reserve is going to be tightening monetary policy which would even exacerbate the problem in the global economy, and of course the rising dollar that is resulting from the anticipation of higher interest rates, is also forcing oil prices lower.
Related trading instruments: United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil Futures
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
But another factor that is exerting more downside pressure on oil is the widespread belief that the Federal Reserve is going to be tightening monetary policy which would even exacerbate the problem in the global economy, and of course the rising dollar that is resulting from the anticipation of higher interest rates, is also forcing oil prices lower.
Related trading instruments: United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil Futures
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 19, 2014
The Reason Oil Prices Are Under Pressure
The only reason that oil prices are under pressure is because the dollar is strengthening based on the idea that the entire world is a disaster, except the United States. And so, the world is going into a recession, everybody is taking refuge in the U.S. Dollar and that is suppressing the price of oil.
I think when people come to the conclusion and again they will come to it, I believe, sometime next year, that we are not only going to be the only country not printing money. We are going to be printing money, more than all the other the other countries combined.
Related trading: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), EURUSD forex cross, Euro Currency Futures, Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
I think when people come to the conclusion and again they will come to it, I believe, sometime next year, that we are not only going to be the only country not printing money. We are going to be printing money, more than all the other the other countries combined.
Related trading: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), EURUSD forex cross, Euro Currency Futures, Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 5, 2014
Crude Oil: Low Prices Are Not Sustainable
I do not think these levels are going to be sustainable given all the inflation that is being created around the world and the inflation I believe is going to be created in the United States.
Related trading instruments: Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures;
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures;
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 4, 2014
America`s Bubble Economy
Related Exchange Traded Funds: United States Oil Fund LP ETF (USO), Nymex Crude Oil, SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 19, 2014
Endless QE: The End Result Will Be...
Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Nymex Crude Oil, United States Oil Fund LP ETF (USO), iShares Silver ETF (SLV)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 22, 2014
How Much $1 Dollar Used To Get You
Related trading instruments: iShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), Kellogs (KG), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil, United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Tesoro Corporation (TSO)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 30, 2014
Yellen Dismisses Inflation As Temporary Noise
Related: ConAgra Foods Inc(NYSE:CAG), Dean Foods Co(NYSE:DF), United States Oil Fund LP ETF (USO)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 25, 2014
Higher Crude Oil Prices Will Affect The Global Economy
I am bullish on oil anyway. I think the price of oil is going up regardless of what happens in Iraq. But to the extent that Iraqi production is disrupted by civil war, that is only going to be more bullish for the price of crude oil. And it is going to affect the global economy because its going to be more expensive and that`s going to be a negative.
Related stocks and ETFs: United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), Energy Select Sector SPDR ETF (XLE);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related stocks and ETFs: United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), Energy Select Sector SPDR ETF (XLE);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 16, 2014
Oil Prices Are Going Higher
We have broken out decisively and the path of least resistance is up. Of course, if we do get any kind of disruption of these oil wells in Iraq, its going to be way up. But even if nothing bad happens there, prices are still headed higher.
Related: Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), United States Oil Fund LP ETF (USO);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related: Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), United States Oil Fund LP ETF (USO);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 13, 2014
What`s Driving Oil Prices Higher?
Tensions in Iraq are driving up the price of oil. Don't get mad, get in on it - as I have often advised.
Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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