A sign the oil prices are headed down: OPEC fears may hike price Crude oil may rise next week on speculation that OPEC won’t increase production as fast as consumption grows this winter. Twenty-one of […]
Tag: oil prices
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 […]
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 […]
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 […]
Nothing Left to Give
The reason I am not a short-term trader is that you have that extra variable of market sentiment to take into account. Market sentiment can change in a hurry; it can shave the value of […]
Herding Behavior
The bandwagon on $100 oil filled up very quickly. I thought we were likely to see $100 oil next year, which is why I have consistently said I wouldn’t make that bet on oil prices […]