Guidant Financial Group Blog

A Senate Judiciary Committee got together today to grill big oil executives on their big profits, rising gas prices, and a possible correlation between the two (see Don’t Blame Us for Oil Prices – Oil Execs).

It seems pretty obvious that something is going on – just what, though, we aren’t sure. Oil execs say that circumstances outside their control are what are driving oil prices to all-time highs. However, when industry giants like Exxon and Shell are making record profits, it isn’t surprising that many people and government officials are skeptical.

Unfortunately, all this turmoil (get it? turm-oil? Okay, not funny) is not only causing gas prices to skyrocket, it is sending the stock market into a frenzy – up, down and all around again.

It’s times like these that many a self-directed IRA holder is glad they aren’t a slave to the market anymore!