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Although Oil Prices Have Declined, the Energy Sector Remains a Global Investing Wild Card

William Patalon (August 17th, 2008) Writes:
By William Patalon III Executive Editor Money Morning/The Money Map Report Although consumers and businesses have gotten a bit of a reprieve at the gas pump as of late, the escalation in oil prices we’ve seen over the past year has led to some major changes in overall consumer behavior. Many car-owners have dumped their gas-guzzling pickup trucks and SUVs at the nearest used-car lot and used the proceeds to buy some gas-sipping rides. Companies with large distribution networks have redesigned their shipping schedules, crafting more efficient routes that accommodated larger truckloads. The upshot: Gasoline sales tumbled during the first half of the year as domestic demand fell to its lowest level in five years.  In fact, the U.S. Department of Transportation reported that Americans drove almost 5% less in June than a year ago, and also said that the buses, subways ...
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CNBC Bonus Bucks Trivia: On Monday, April 28, James Altucher of Formula Capital recommended which food-inflation trade to CNBC viewers?

William A. Trent (May 12th, 2008) Writes:

On Monday, April 28, James Altucher of Formula Capital recommended which food-inflation trade to CNBC viewers?

Picks included Sysco (SYY) and Sadia (SDA) while pans included General Mills (GIS), McDonald’s (MCD - Annual Report) and Kellogg (K).


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