Until very recently, the oil price and gold price tended to follow a similar pattern, as evidence by the below chart. The fundamentals driving these prices differ of course, but…
Oil and Gas is a Cyclical Business It’s no secret that oil demand has been demolished by the novel coronavirus and coincident recession, but in my experience the best indicator…
According to the Energy Information Administration, the US is more than self-sufficient when it comes to energy. For the first time in a very long time, production of energy (all…
Oil has had a spectacular rebound as news that OPEC+ might be willing to come to some sort of agreement (with Trump’s help?) The price of WTI popped from the…
China’s imported over 10 million barrels of oil daily in 2019 according to the Energy Information Administration. Ten million barrels PER DAY, every day of the year or 3.65 BILLION…
Having been through numerous energy cycles, I’ve learned on valuable lesson: Sell high and buy low. Sounds simple enough but its always difficult. Just a few weeks ago I recommended…
I suggested in prior post that oil would be in trouble due to the COVID-19 impact on fuel demand. The stocks are being clobbered, and one might be tempted to…
The following prescient quote is from February 2014: The economies of China and India have slowed, and the U.S. is trending towards energy self-sufficiency thanks to production growth nobody envisioned…
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