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why have oil production costs fallen so much?
rules for commodities From years of analyzing oil, gas and metals mining–as well as watching agricultural commodities and high-rise real estate out of the corner of my eye–I’ve come to believe in two...
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oil inventories: rising or falling?
The most commonly used industry statistics say “rising.” However, an article in last Thursday’s Financial Times says the opposite. The difference? The FT’s assertion is that official statistics...
View Article~$70 a barrel crude (ii)
Two factors are moving the Energy sector higher. The obvious one is the higher oil price during a normally seasonally weak time. In addition, though, the market is actively looking for alternatives...
View Articleoil right now–the Iran situation
For almost a year I’ve owned domestic shale-related oil stocks, for several reasons: –the dire condition of the oil market, oversupplied and with inventories overflowing, had pushed prices down to what...
View Article$80 a barrel oil
cartel activity About a week ago, Saudi Arabia and Russia, two of the three largest oil producers in the world (the US is #1), announced they were discussing the mechanics of restoring half of the 1.8...
View ArticleOPEC and $80 oil: last week’s meeting
$80 per barrel oil Over the past year the price of a barrel of crude oil has risen from $50 to $80. The latter figure is substantially below the $100+ that “black gold” averaged during 2011-2014, but...
View Articlehow the market looks to me today
It may be that the market downdrift we’ve been experiencing since early October started out as a bout of yearend mutual fund selling, as I’ve been writing for a while. Maybe not. In any event, the...
View Articlean ugly day: coronavirus + oil
oil In normal times, the world produces about 100 million barrels of oil daily and consumes about the same amount. Small changes in either supply or demand can cause huge changes in price. That’s...
View Articleenergy: oil
history –oil began replacing coal as fuel of choice in the early 20th century, but that loss was mostly offset by substitution of coal for wood, until… …at the end of WWII, Saudi Arabia, having lost...
View Articleoil below $20 a barrel
The Energy sector of the S&P 500 makes up 2.8% of the index, according to the S&P website. This is another way of saying that none of us as investors need to have an opinion about oil and gas...
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