A few months ago, an analyst at a brokerage firm wrote to me and said that they had actually used some of my essays as the basis of advising their clients. That was flattering, but […]
OPIS on the Bull Rush
My daily OPIS summary weighed in on my side over the level of oil prices. I am beginning to think I may not be crazy at all. 🙂 Today’s “excuse de jour” for the rally […]
The Positive and Negative of High Oil Prices
Probably the most devastating personal impact if oil goes over $100 is that there won’t be a beer fund for people who stop by and see me in Aberdeen. Therefore, if you come see me […]
Shakeout Predicted
I have never heard of James Mound, but I think he is correct in his assessment below. As I have mentioned, I absolutely would not buy oil at these prices. It may still go to […]
Saudi Production Management
A friend recently pointed me to a 2003 paper that attempts to explain the reasoning behind Saudi Arabia’s behavior with respect to their oil fields. This sort of managed production has always been my counter-argument […]
$90 Oil: How We Got Here
David Ivanovich at The Houston Chronicle always does a nice job of covering the energy markets. His latest article gives a comprehensive overview of the events of the past few years that put us on […]
Oil Watchdog Praises COP
I must be in Bizarro World: Watching Conoco’s Next Move Nope, no surprise today in ConocoPhillips’ third quarter profit report… down some on lower refining profits, up some on higher oil prices. The net effect […]
100% Manipulation?
From the Detroit Free Press: Oil prices go sky-high, but don’t fear $5 gas If oil prices reach $100 a barrel for the first time, does that mean gasoline will be $5 a gallon? Analysts […]
Which Way is the Wind Blowing Today?
Today, a story from CNN caught my eye: Here comes $100 oil, and $3 gas “Three dollar gasoline in this market is unavoidable,” said Stephen Schork, publisher of the industry newsletter the Schork Report. “At […]
Incoherent Reporting from WSJ
I just finished reading an article from the Wall Street Journal that left me shaking my head. I think the article is subscription only, but you can find it for now at: Oil tops $90 […]