Category: Crude Oil
The analysis published under this category are as follows.
Monday, February 18, 2013
Crude Oil Price BUBBLEOMIX Forecast 2013 / Commodities / Crude Oil
By: Andrew_Butter
When the Penny Drops that U.S.A. will be Energy Independent by 2030…
There is an excellent presentation by BP’s Chief Economist which you can find on their website http://www.bp.com...
He hits all the right nails bang on the head; (1) over the past decade 50% of America’s trade deficit was the cost of buying energy abroad, mainly oil; (2) the amount of GDP you can get from burning one barrel of oil is going up, (3) within ten-years and perhaps sooner, U.S.A. will become energy independent for the first time in fifty years (5) Peak Oil isn’t even worth talking about (6) the reason U.S.A. got into shale-gas and then tight-oil before everyone else is that in spite of all the hand-wringing and leaving aside George-W as an isolated exception-to-the-rule, economically it is still the most free place with the lowest level of government-sponsored stupidity and/or cronyism, in the world; apart from isolated pockets such as Hong-Kong, Singapore and Dubai. Well he didn’t actually say that, but in so many words, and (7) implicitly, one of these days that technology is going to be exported.
Tuesday, February 12, 2013
Two Reasons to Expect Greater Volatility in Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors, A combination of rising demand and tension in the Middle East means oil prices will continue to climb.
How this plays out in the short term will have a primary impact on the profitability of oil sector investments. One conclusion is already clear. This will once again be a volatile market.
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Tuesday, February 12, 2013
Fears aside, the Black Gold Will Prevail / Commodities / Crude Oil
By: Submissions
Brentt Taylor writes: As snowstorms rage in the U.S. Northeast, heating oil rose to its highest level in almost four months prompting discussions and predictions over the likelihood of heating oil becoming an increasingly sought-after commodity in the next few years.
Such talks have also impelled speculations about global warming being a real threat in the near future. If the cooling trend of the past few years will continue, it is unlikely that heating oil will become a superfluous commodity any time soon. If the cold winters of the past decade persist, the demand for oil will intensify and consequently push oil prices up.
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Monday, February 11, 2013
High Crude Oil Prices And The Threat Of Market Collapse / Commodities / Crude Oil
By: Andrew_McKillop
WHY DOES THE IEA WANT HIGH PRICED OIL?
The IEA, which is the "oil and energy watchdog agency" of the OECD group of countries still consuming about 50% of world total oil production and importing over 60% of world total export supplies of oil, is now actively promoting high-priced oil. It forecasts year average prices around $175 per barrel by 2017. It also militates for extreme high carbon taxes on all fossil energy, which for oil would mean a new and additional carbon tax for consumers of about $500 per tonne of CO2 emitted, that is $215 per barrel or $5 per US gallon.
Wednesday, February 06, 2013
Why The IEA Wants High Priced Oil / Commodities / Crude Oil
By: Andrew_McKillop
THE IEA' S NEWLY FASHIONABLE QUESTClaiming his views "are not very fashionable", the Turkish-born chief economist of the IEA, Fatih Birol, also describes the IEA's annual flagship reports the World Energy Outlook as "designed and directed" by himself - and his WEO is obliged to reflect "unfashionable" theories and goals.
These new theories and goals are: universal energy supplies for all, and massive worldwide response to the crisis of global warming. Reconciling these two themes or memes needs high priced oil. Regarding the market price for oil, the IEA pitches for $175 per barrel; concerning new energy taxes in the form of carbon taxes "to fight global warming", taxes of $500 per tonne of CO2 on all fossil energy, possibly by 2020 or shortly after, are no problem for Fatih Birol.
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Wednesday, January 30, 2013
Why Doomsayers Are Wrong About Crude Oil Prices, Up 11% Since December / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: The stock market is not the only thing that is up. Crude oil prices have jumped as well rising faster than the S&P for the past month.
West Texas Intermediate (WTI) next month futures contract prices for crude oil on the NYMEX increased again last week. That marked the seventh consecutive week oil prices have gained, the first time that has happened since 2009. Overall, WTI pricing level has risen 11% since mid-December.
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Tuesday, January 29, 2013
Blatant Price Manipulation Takes Place Every Day in Crude Oil Markets / Commodities / Crude Oil
By: EconMatters
License to steal
Every single day the oil market is manipulated, it is easy to see, right out in the open, and nobody does anything about it. It literally is like having a license to rob banks right in front of everybody, including the armed security guards.
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Monday, January 28, 2013
Crude Oil and Energy Stocks Trend Forecast / Commodities / Crude Oil
By: Chris_Vermeulen
Crude oil has been trading ways for the past year between the 2011 high and low. The trading range through 2012 has been contracting with a series of lower highs and higher lows. This pennant formation because it is taking place after an uptrend is a bullish pattern with $110 and possibly even $140+ per barrel in the next 6-18 months.
If you look at the weekly investing chart of crude oil the key support and resistance levels area clearly marked. A breakout of the white pennant will trigger a move to the next support or resistance level. And judging from the positive economic numbers not only form the USA but globally the odds are increased for the $110+ price target to be reached sooner than later.
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Monday, January 28, 2013
Is "Saudi America" Oil Becoming a Reality? / Commodities / Crude Oil
By: Money_Morning
Tony Daltorio writes: U.S. energy independence has been a dream since the oil embargoes of the 1970s. But this vision of a "Saudi America" has always been just a dream.
Investors and non-investors alike started talking in earnest about realizing that dream last November. That was after the International Energy Agency's (IEA) latest World Energy Outlook said that the U.S. would overtake both Saudi Arabia and Russia in oil output by the second half of this decade.
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Tuesday, January 22, 2013
Why Crude Oil Prices Could Soar 40% by Summer 2013 / Commodities / Crude Oil
By: Money_Morning
Ben Gersten writes: Oil prices have continued their upward move that began at the end of 2012, gaining over 8% in the past month.
Now, an oil analyst with Goldman Sachs Group Inc. (NYSE: GS) predicts Brent crude could soar much higher in the next few months.
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Monday, January 21, 2013
The Next Oil War Will be Different, China versus USA / Politics / Crude Oil
By: Andrew_McKillop
WAS IRAQ AN OIL WAR?
Probably in 50 years time, academics but not many other persons will still be talking about the subject. For plenty of historians, journalists, writers, paywrights and movie makers there is no problem at all: since the 1991 Liberation of Kuwait, the birth of al Qaeda and terror war, the 9/11 atrocities in the US, the Afghan war, the second Iraq war, and the overthrow and killing of Khadafi we have had a succession of Oil Wars either directly caused or promoted by the US. This is always denied, of course.
Sunday, January 20, 2013
Will Crude Oil Prices Fall In 2013? / Commodities / Crude Oil
By: Andrew_McKillop
LIKE GLOBAL WARMING
Recent news from scientists of the British Antarctic Survey and partner research institutions examining ice cores showing the climate record for tens of thousand of years is that ice sheet retreat due to global warming often suddenly stabilises, "for decades to centuries”, despite the warming still going on. This is also what is happening in the oil patch: all the supply-demand fundamentals say that prices should decline - but they stay high or go on growing.
Monday, January 14, 2013
Why You Shouldn’t Sell Crude Oil / Commodities / Crude Oil
By: InvestmentContrarian
George Leong writes: When oil prices recently fell to below $80.00, I said don’t sell.
The U.S. Energy Department increased its projections for crude oil prices for this year, adding that global oil consumption will rise to a record high in 2013. (Source: “U.S. Energy Department Raises 2013 Oil Forecast,” Bloomberg, January 8, 2012.)
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Sunday, December 30, 2012
Nuclear Failure Sparks New Era of Oil Renaissance, $45 Oil Price / Commodities / Crude Oil
By: EconMatters
In a continuation of our series on the state of the oil industry we look at some of the other ramifications of what we are labeling the Oil Renaissance in the US, and around the world for that matter. This phrase was first proposed regarding the potential Nuclear turnaround here in the US, where companies like NRG Energy, Toshiba and many more players all along the supply chain were positioning themselves for the Nuclear Renaissance of cheap, and abundant Nuclear energy for the next 50 years.
Sunday, December 30, 2012
Crude Oil & Gasoline Markets End 2012 with Swollen Inventory Levels / Commodities / Crude Oil
By: EconMatters
EIA Inventory Data
In analyzing the last EIA report of the year it is noteworthy that gasoline stocks really rose the last 5 weeks of the year. The takeaway isn`t so much that gasoline inventories rose 23 million barrels the last 5 weeks of the year, wow that is some build in inventories, but the fact that Oil inventories barely budged at all during the process.
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Sunday, December 30, 2012
Crude Oil Prices and the Fiscal Cliff / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
You have heard all the stories of what will happen when the U.S. economy falls over the fiscal cliff.
As I write this, it appears that will happen--at least on paper.
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Thursday, December 20, 2012
The Relationship between Gold and Crude Oil Price / Commodities / Crude Oil
By: P_Radomski_CFA
In the financial markets, gold is usually ascribed to the commodities category. In this group of assets you will find your good old friend, silver, along with several others metals like platinum, palladium, copper etc. Apart from that, commodities encompass a broad range of other products in the like of corn, but also crude oil, gas, minerals and other. Such groups of assets are usually traded on commodity exchanges specialized in this kind of products, for instance on the Chicago Mercantile Exchange or the London Metal Exchange.
Wednesday, December 12, 2012
Crude Oil Price Forecast 2013 / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
One of the most important topics we discussed in Moscow last week were the various forecasts of where crude oil prices are likely to be in 2013.
These 2013 oil price forecasts were all over the place, owing to the high level of uncertainty on a number of basic elements.
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Tuesday, December 11, 2012
Why Crude Oil Prices Could Drop Substantially / Commodities / Crude Oil
By: OilPrice_Com
There's been plenty of talk about potentially radical US foreign policy changes as a result of the shale boom. While one shouldn't expect any dramatic US foreign policy move away from the Middle East, factors are influencing a greater focus on Asia. Only one thing is certain in this transforming world: The shale boom is real and the implications are many and difficult to predict.
Tuesday, December 11, 2012
Peak Oil or Peak Energy? – Global Shale Oil Solution / Commodities / Crude Oil
By: John_Mauldin
A consistent theme in this letter has been the connections between items that may seem to be far removed from each other but are actually linked at the very core. If you push on one end you get a reaction in what would seem to be the most unlikely spots. Today we explore the connection between the fiscal deficit and energy policy. Everyone in Washington is starting to “get religion” about wanting to fix the deficit, with serious thinkers on all sides acknowledging that there must be reform and a path to a balanced budget. Burgeoning healthcare and Social Security costs are rightly pointed to as the problem, and entitlement reform will soon be front and center.