DailyMarkets.com - Oil Prices Attempting A Breakout To Multi-month Highs

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• Oil Prices Attempting A Breakout To Multi-month Highs
• EUR Pulls Back, GBP Strengthens
• Why Taxpayer Subsidies Of Solar Are Diabolical
• Standard Chartered Scandal: Crime Pays

Oil Prices Attempting A Breakout To Multi-month Highs Posted: 08 Aug 2012 08:04 AM PDT Wednesday, August 8, 2012 Expectations are that the Energy Information Administration (EIA) weekly U.S. Energy Stocks Report due to be released this morning will show that U.S. Oil inventories fell by 900,000 barrels last week. If that is indeed the case, U.S. Oil inventories will have fallen over 7 million barrels during the past two weeks, and this would be the 6th week in the past 8 that we have seen Oil inventories declining. Fundamentals The Oil markets have been anything but exciting … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

EUR Pulls Back, GBP Strengthens Posted: 08 Aug 2012 07:23 AM PDT 08/08/2012 The euro traded lower against the dollar, following softer-than-expected German data. The British pound gained after the quarterly BOE inflation … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Why Taxpayer Subsidies Of Solar Are Diabolical Posted: 08 Aug 2012 06:36 AM PDT From a “rare guest post” on Steven Landsburg’s The Big Questions blog by David Bergeron, president and founder of solar-powered refrigerator company Sundanzer: “Here is the real problem: Subsidies make solar appear viable today, so where is the motivation for an entrepreneur to risk money, or even focus on developing real energy alternatives when solar is "almost" there? How can an inventor justify striving with the effort it takes to really develop something great when he is competing … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Standard Chartered Scandal: Crime Pays Posted: 08 Aug 2012 06:07 AM PDT If in fact — and as reported — the UK-based Standard Chartered Bank is fined a token $700 million for the violation of American sanctions in dealing with Iran, then we are left with only one conclusion: CRIME PAYS. (A second conclusion would be that our regulators and government officials are in the pockets of the banks BUT we already knew that.) There are allegedly $250 billion worth of transactions in question in this Standard Chartered scandal. A slap on the wrist of $700 million would … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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