Until 2013, Prudhoe Bay was the largest oil field in the United States. It spans over 213,000 acres, and it contained around 25 billion barrels of oil when production started back in the late 1970s, observes Brit Ryle, editor of The Wealth Advisory.
So far, BP has pumped over 12 billion barrels of oil out of the ground in this prolific field, but there’s still over half of the....More>>>
If you want to make big gains in the market, you need to invest in growth. Just consider the gains you could have made during the U.S. consumer boom in the 1950s… From 1950 to 2015, U.S. gross domestic product (GDP) per capita rose 690%, adjusted for inflation. During that time, the S&P 500 soared 11,700% (not including reinvested dividends). Over the course....More>>>
March 10, 2017: Markets opened higher Friday following another month of strong non-farm payroll gains. Top performing sectors today were industrials, telecoms, and utilities. The weakest performer was real-estate. WTI crude oil for April delivery settled at $48.49 a barrel, down 1.6% on the day and down more than 9% for the week. April gold dropped 0.2% on the day to settle at $1,201.40. Equities....More>>>
U.S. equities drifted lower on Friday as buyer exhaustion set in after an exciting week. The Nasdaq Composite pushed further above the 6,000 level at the open, setting a new intra-day high after a batch of big-tech earnings overnight. But the results were mixed, with Microsoft Corporation (NASDAQ:MSFT) and Intel Corporation (NASDAQ:INTC) disappointing.
Eight more states legalized marijuana on Nov. 8, either recreationally or medicinally. After the vote, the total number of states with some form of legal marijuana in the United States is up to 28 – over half of the country.
Seven more states (and counting) are expected to legalize marijuana in 2017.
With more and more states jumping on the marijuana bandwagon, the industry....More>>>
Wall Street, it seems, is excited about the future of Seadrill Ltd (NYSE:SDRL), one of the world’s largest offshore drillers, thanks to the recent surge in oil prices to more than $50 a barrel. Mr. Market is hoping that a high oil price environment could solve Seadrill’s problems.
Seadrill is one of the world’s largest offshore drillers, commanding the world’s....More>>>
Oil prices have continued their volatility after news broke that the EIA (Energy Information Administration) released generally mixed oil-related data for the prior week and after an interesting rig count update. In what follows, I will go over the data released by both the EIA and Baker Hughes (NYSE:BHI) and give my own thoughts on what it means for investors in companies like Memorial Production....More>>>
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
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Money is the top cause of stress in the U.S., the American Psychological Association reports, and the leading driver of stress in the workplace, according to studies by the National Business Group on Health, Aon Hewitt, PwC and