Billionaire investor George Soros and Stephen Schork, president of Schork Group Inc., say oil is ready to tumble because prices aren’t justified by supply and demand. 
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Visitors are sen at a Honda showroom in Tokyo, Japan, Friday, Dec. 5, 2008. Honda will pull out of Formula One unless a new buyer can be found within three months, The Associated Press has learned. The Japanese car manufacturer has the operating budget to keep the team running into early 2009, but escalating operational costs amid the worldwide financial crisis have the Brackley-based outfit in danger of shutting down if a new sponsor is not found quickly. Takeo Fukui, CEO of Honda Motors, was due to hold a news conference regarding the F1 team in Tokyo Friday, Dec. 5, 2008.
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Wen Hua, who survived the Sichuan earthquake, holds a toy in her temporary home in Anxian county, Sichuan province December 4, 2008. Schools that collapsed during the earthquake killed more than 19,000 people, nearly a quarter of the total deaths, an official said, giving the first government estimate. Picture taken December 4, 2008.
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Members of a choir sing during a ceremony for Thailand's King Bhumibol Adulyadej's 81st birthday at Sanam Luang square in Bangkok on December 5, 2008. The revered monarch turned 81 on December 5, 2008 but pulled out of his customary birthday address the previous day due to illness, ending hopes that he might offer guidance on a way out of the nation's long-running political crisis.
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A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.
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A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008.
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Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.
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People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.
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Topics from articles that mention "Stephen Schork"
Articles sorted by relevance containing "Stephen Schork"
...very much the concern." Oil prices have tumbled about 69 percent since peaking at $147.27 in July. But trader and analyst Stephen Schork suggested that the price decline had some ways to go before bottoming out, despite the arrival of the cold season in the...
VIENNA, Austria -- Oil prices sank Thursday to lows last seen nearly four years ago as more bleak news from the world’s largest economy boosted views that crude could tumble below US$40 by the end of the year.
After sinking more than US$1 earlier in
...very much the concern." Oil prices have tumbled about 69 percent since peaking at $147.27 in July. But trader and analyst Stephen Schork suggested that the price decline had some ways to go before bottoming out, despite the arrival of the cold season in the...
...reports, which seems to open the floodgates: Theres no reason why crude oil cant go below $40 in the next six months, Stephen Schork says. One big issue starting to get a lot of attention in Poland: farm animals. Agricultural emissions are a bigger GHG contributor...
...London, January Brent crude fell 9 cents to $45.35 after settling near a four-year low on Tuesday. Oil trader and analyst Stephen Schork said in his daily publication, The Schork Report, that the trend is still bearish and "just because we are nearly as...
There was slight movement overnight in the average price of gas, AAA Mid-Atlantic reported today.
The price for a gallon of regular no-lead was down 2 cents, to $1.94, in the five-county Philadelphia area.
South Jersey's average was down 1 cent, to $1.6
...January Brent crude gained 17 cents to $45.61 after settling near a four-year low on Tuesday. Oil trader and analyst Stephen Schork said in his daily publication, The Schork Report, that the trend is still bearish and "just because we are nearly as close...
...London, January Brent crude fell 9 cents to $45.35 after settling near a four-year low on Tuesday. Oil trader and analyst Stephen Schork said in his daily publication, The Schork Report, that the trend is still bearish and "just because we are nearly as close...
Quotes spotlight for "Stephen Schork"
