Headline Stories Over At Yahoo!Finance At The Moment; Wow! Talk About A Whopper

Updates

Later, 10:41 CT:  in the headline story below, the writer mentioned "Continental Resources in the Permian." That's why I posted the qualifying comment. Don points out that CLR owns no acreage in the Permian.

Original Post

Five companies that will capitalize on the coming US oil boom.

Along that line, in the Bakken shale, he names Whiting Petroleum as a good candidate, as well as EOG Resources in the Eagle Ford shale and Continental Resources in the Permian Basin.

As for companies that will transport the oil to refiners, so-called "midstream suppliers" like MarkWest Energy and Targa Resources are Kiesel's top trades in this space. The companies are up a whopping 48% and 32% year to date, respectively.

CLR may be in the Permian Basin, but CLR is the "face of the Bakken." (see update that was posted above at 10:41, today; talk about a whopper of a mistake.) Repeating: CLR owns acreage in Oklahoma but right now, CLR is the "face of the Bakken." It really makes me wonder about these financial reporters getting such basic information wrong.

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Yes, oil prices are being manipulated but not by whom you think. 

Ask most Americans and they'll tell you the oil markets are controlled by OPEC. But a recent lawsuit brought by four veteran floor traders alleges the global oil market is being manipulated from the waters off Scandinavia, not via the Middle East or Venezuela.

Fluff.

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Oil will bottom at $90; this is not the time to short oil.

Oil prices have been falling Tuesday morning on news of resumed talks to curb Iran’s nuclear program. West Texas Intermediate (WTI) sweet crude fell below $95 a barrel by mid-morning.

Last night, however, it appeared that talks had stalled and both WTI and Brent oil closed higher.

"There were confusing signals coming from the Iran talks at the end of last week, and it's continuing to add volatility to oil markets,"...

Still, there is an overall sense of optimism that a deal will be made with Iran and crude oil supply will increase, says Dicker ....

Dicker expects oil prices to bottom at $90 per barrel.

“If this is the bearish model where we’re down to $95, that’s not so bearish," he notes." I’m not ready to throw in the towel and start shorting oil because that’s not a very cheap price... at least historically speaking."

One of thousands of talking heads.

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And speaking of talking heads, this is all I need to know about the Tesla -- George Clooney is not happy with the one he used to own:

DETROIT (Reuters) - Tesla Motors Inc got more bad news this week following the third fire in its Model S electric sedan as actor George Clooney complained about being stuck on the side of the road in the Roadster sports car he used to own.

 Clooney, currently starring in the movie "Gravity", was asked by Esquire magazine in an interview that was posted online on Monday whether he owned a Tesla car.

 "I had a Tesla," Clooney told the magazine. "I was one of the first cats with a Tesla. I think I was, like, No. 5 on the list. But I'm telling you, I've been on the side of the road a while in that thing, and I said to them, ‘Look, guys, why am I always stuck on the side of the road? Make it work, one way or another.' "

Tesla discontinued the Roadster and currently only sells the Model S sedan. Clooney last year auctioned off his Roadster for charity for $99,000, according to media reports.

Last week, Tesla reported the third fire in the car in Tennessee. Police reports said the vehicle had run over a tow hitch that punctured the armour plating that protects the battery pack of lithium-ion cells. Despite no injuries in any of the accidents, the headlines about the fires have been unwelcome news for a company whose stock had risen sixfold in the first nine months of the year before the first fire occurred on October 1, 2013.