BNET Industries
United States Oil Fund LP (USO) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $290.7M
- Profit
- Dec 31 2007
- $284.4M
- Market Cap
- Dec 02 2008
- $762.3M
Latest News and Analysis
The Never Ending Oil Price Debate
Equitymaster submits: At last count, crude oil, the world’s most extensively tracked commodity was trading at well below US$ 50 per barrel. A massive decline from the all time highs of around US$ 150 per barrel reached barely a few months back. At its peak, it enabled Exxon Mobil...
How Long Will The Price of Oil Remain This Low?
Enterprising Investor Forum submits: Using the iPath Crude Oil Index (OIL) in this graph click to enlarge, we wanted to highlight the spectacular fall in crude prices: by Enterprising Investor Forum
The GDP Effect of Lower Oil Prices
Saj Karsan submits: US GDP is estimated at over $14 trillion. Exports make up around $2 trillion of this amount, as international demand for products and services provided by Americans contributes to the US economy. At the same time, imports subtract from GDP (though there are mitigating secondary and tertiary...
Fall in Gas Prices and Less Driving Equals $315B Savings
Mark J. Perry submits: One way to adjust gasoline prices for inflation is to measure the price over time in terms of the number of minutes worked at the average wage to purchase a gallon of gas. Using the monthly nominal price of gas from the EIA,...
Mexico's Hedge Signals Bottom of Oil Price Drop
Tim Plaehn submits: The following article from last week at the WSJ.com subscription required detailed how Mexico has purchased puts against its entire 2009 oil production to guarantee a minimum of $70 per barrel. They purchased puts at a cost of $1.5 billion to cover 330 million barrels of...
Real Price of Gas Approaches a Historic Record-Low
Mark J. Perry submits: Feeling nostalgic for the days of 17 cent gas in 1931, 20 cent gas during WWI, the gas below 30 cents during the first half of the 1950s, or the $1.40 gas of the early 1980s? If so, you'd be suffering from "money...
Gas Prices at a 90 Year Low
Eddy Elfenbein submits: Over the summer, the price for a barrel of oil peaked at $147.27 per barrel. I know we're all supposed to be worry about this, but would you believe that oil just hit a 21-month low? Crude oil for December delivery fell...
Peak Oil's Bell Is Ringing
Praveen Jaiswal submits: “Our ignorance is not as vast as our failure to use what we know”. -- M. King Hubbert by Praveen Jaiswal
Gas Price Decline: How Much Are We Saving?
Mark J. Perry submits: Link for KC. Based on the drop in the national average price of gas from the peak of $4.12 per gallon in July to $2.17 currently (see chart below, click to enlarge), American consumers and businesses will save $277 billion on an annual basis...
Oil Analysts Down For The Count
Hard Assets Investor submits: By Brad Zigler Ooops. Oil Patch analysts were whiffed this week and missed on all four of their consensus calls on oil supply and production. While all the forecasts missed their collective marks, a couple got mighty close to the bull's eye. by Hard Assets...
Playing the Oil Market
Market Folly submits: In a recent TheStreet.com article, "Looking Ahead With Hope and Trepidation," Eric Bolling wrote about some of his recent stock picks and gave his take on current financial crisis that the U.S. is facing. Overall, Bolling is putting an emphasis on being nimble and being...
Hedging the Price of Oil
Balaji Viswanathan submits: Oil prices have been steadily declining over the last couple of months and some are wondering how long this will last. The price of oil is around $67/barrel (1 barrel of oil approximately equals 42 US gallons or 159 liters) for December 2008 delivery, less than half...
The Politics Of Oil
Written by Brad Zigler Oil traders are looking ahead to two upcoming events. On Friday, November heating oil and gasoline futures go off the boards. And Tuesday, of course, is Election Day. The outcome for Friday is a certainty; Tuesday, not so much. by Brad Zigler
Traffic Volume Continues to Fall in August; What Will Happen in the Coming Months?
Mark J. Perry submits: The Federal Highway Administration reported Thursday that travel during August 2008 on all roads and streets in the U.S. fell by -5.6% compared to August last year, the largest monthly decline since March of 1974 (-6.3%). August marks the tenth consecutive month of traffic volume...
Drilling Down Toward an Oil Bottom?
Jeff Pierce submits: click to enlarge by Jeff Pierce
Falling Gas Prices Are a Tax Cut of Massive Proportions
Mark J. Perry submits: Update: A recent CD post reported that American consumers save $1.42 billion annually for every one penny decrease in retail gasoline prices. According to EIA data, the average retail gasoline price peaked in early July at $4.165 national average per gallon, and is now...
Crude Oil and Hummer: An Inverse Relationship
Don Fishback submits: Last Friday, General Motors GM announced that they are sending out a sale prospectus for the Hummer brand. The down troden car company is pulling out all stops in their effort to dump the SUV maker. A few months ago, we noted the irony of...
U.S. Offshore Oil Ban to Expire
Paul Killinger submits: According to Rep. David Obey, the U.S. House of Representatives will allow the 27 year old moratorium prohibiting the exploration and production of oil and natural gas reserves in the area known as the OCS Outer Continental Shelf to expire on September 30. A spokesman for...
What Happened to the Oil Markets on Monday?
James Hamilton submits: Here's how it was reported, for example, in the Wall Street Journal: Reaction to the Wall Street bailout and frenzied last-minute trading in the oil market sent crude prices soaring by more than $16 a barrel, the biggest one-day jump ever. by James...
Oil Price Speculation Truth Begins to Leak into Mainstream Media
Washington Post, Staff Writer David Cho, has written an article on Thursday, August 21, 2008; Page A01, titled... A Few Speculators Dominate Vast Market for Oil Trading It will be the first of many reports from newspapers and blogs that want to report truthful facts rather than manipulated propaganda...
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- Incorporated: 2005
- CEO: Nicholas D. Gerber
United States Oil Fund is a commodity pool that issues units that may be purchased and sold on the American Stock Exchange. Co. invests in futures contracts for West Texas Intermediate light, sweet crude oil, as well as other types of crude oil, heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the New York Mercantile Exchange, ICE Futures or the U.S. and foreign exchanges. Co. also invests in other oil-related investments, including cash-settled options on Oil Futures Contracts and over-the-counter transactions that are based on the price of oil and other petroleum-based fuels, Oil Futures Contracts and indices based on the foregoing.
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United States Oil Fund LP Company Info
Board of Directors
Nicholas D. Gerber
Howard Mah
Andrew Ngim
Robert Long Nguyen
Peter M. Robinson
Malcolm R. Fobes III
Gordon Lloyd Ellis
Contact Information
1320 Harbor Bay Parkway, Suite 145
Alameda, CA
http://www.unitedstatesoilfund.com
510 522-3336
NAICS Code
Commodity Contracts Brokerage: 523140Brought to you by IBM
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