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3. Ends the Week before Finals $50,000 in cash to invest No more than 1/3 of portfolio in one stock 1 st Place = iPad

4. Industry Summaries Airtime: Fri. Feb. 25 2011 | 11:35 AM ET

5.  Current/ Projected Populations  Where’s the demand?  Inflation Rates  Affect how much money is lent out  Affects international trade  Unemployment & Income levels  High employment means more production  The higher the average income, the more consumption

6. Data to Keep an Eye on: Crude Oil Prices Crude Oil Inventories Real GDP Population Projections Consumer Price Indexes Mortgage Default Rates Per Capita Income Fed Funds Rate Exchange Rates Unemployment Rates New Commercial Loans

8.  The World is becoming more Globalized  What happens in Greece affects the US  What happens in the Middle East affects Europe  Seriousness of Political Unrest

10.  Gaddafi’s 41 year rule is being challenged by Anti- government forces  Over 1,000 people killed.  Libya on average has produced 1.6 Million crude oil barrels/day  Now only producing 400,000  Different from Egypt?

11. Gaddafi Cornered Airtime: Fri. Feb. 25 2011 | 6:24 PM ET

12. What happens now?

13.  Claims they can ramp up production to meet demands  Much wealthier country, less risk for political unrest  Announced that they plan to spend $37 billion on their people  Unemployed/ poor

14.  BRENT Crude is the European Warehouse  U.S. WTI Crude is the U.S Stockpile  BRENT is generally higher because Europe doesn't have as much reserves as the U.S. does.  BRENT hit $120 a barrel in the last week, while WTI only hit like $103  Brent Crude: The global price benchmark  Record High: July 2008 at $150/ barrel  Past Thursday: $120/ barrel  If Brent moves past $130 we should experience demand elasticity.

15. Saudi to Hike Oil Production Airtime: Fri. Feb. 25 2011 | 8:04 AM ET

16.  For every $10 increase in crude oil, GDP decreases by 0.5%  Oil in Q4 of 2010 was $85 / barrel, U.S. WTI crude now, it's $97 a barrel  Q4 GDP was revised down Friday to 2.8% from 3.3%  They say oil prices at $105 a barrel would most likely make U.S. GDP 1.8%

17.  OPEC- 12 countries (includes Libya)  79% Worlds known reserves  44% Worlds Oil Production  US Crude Oil Import Quantities  1 st Canada2064 Thousand  2 nd Mexico1223 Thousand  3 rd Saudi Arabia 1076 Thousand http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

20. Is oil overbought? Or will the price continue to rise?