Silver as an investment

Category Archives: Energy economics

WTI Shrugs Despite Huge Crude Draw

A v-shaped recovery in WTI/RBOB today (amid a dollar reversal at the EU close and chatter about a big crude draw) led prices higher into the API print (but after last week's 100% incorrect API vs DOE reversal, who knows what it means). And the rumors were true – a huge crude draw (biggest in […]

OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55

In its latest OPEC Monthly Oil Market Report (October) the oil cartel has increased its oil demand estimates for 2017, 2018 on strengthening world economy, and weaker outlook for supplies from its rivals. Specifically, OPEC forecasts that based on the current global oil supply/demand balance, demand for OPEC crude in 2017 is estimated at 32.8 […]

How Russia Could Strike Back Against US Sanctions In 4 Simple Maps

Authored by George Friedman, Xander Snyder, and Ekaterina Zolotova via MauldinEconomics.com, The US Congress has passed new sanctions targeting Russia’s energy companies. Among the other notable aspects of the sanctions is that they take some authority away from the US president (who used to be able to implement some measures but not others at his […]

‘Inconvenient’ – Al Gore’s Home Devours 34 Times More Electricity Than Average U.S. Household

Authored by Drew Johnson via The Daily Caller, On Friday, Al Gore’s sequel to “An Inconvenient Truth” – “An Inconvenient Sequel: Truth to Power” – arrives in movie theaters across the country. But there’s another inconvenient sequel worth noting and, like most sequels, this one is even worse than the original. Gore’s hypocritical home energy […]

Visualizing “Things To Come” – A Timeline Of Future Technology

Making predictions about future technology is both fun and notoriously difficult. However, as Visual Capitalist's Jeff Desjardins explains, such predictions also serve a very practical purpose for investors and business leaders, since failing to adapt to changing industry paradigms can completely decimate a business venture, turning it into the next Blockbuster, Kodak, or Sears. Today’s infographic […]

BofA Stunned By Drop In Gasoline Demand: “Where Is Driving Season?”

Exactly six months ago, when oil bulls still held on to some fleeting hope that OPEC may somehow stabilize the crash in oil prices despite the shift in marginal oil production from low-cost OPEC producers to US shale (a hope which is now gone as the just disclosed letter from Andy Hall demonstrates), Goldman noticed […]

The Inevitability Of DeGrowth

Authored by Charles Hugh Smith via PeakProsperity blog, Even though we don't know precisely how the future will unfold, we know a few things about it: Of the 7.5 billion humans on the planet, virtually every individual wants to enjoy a high-energy consumption “middle-class” lifestyle. As a generous estimate, 1.5 billion people enjoy a high-energy […]

Forget Draghi, Crude Matters

Authored by Jeffrey Snider via Alhambra Investment Partners, Despite Mario Draghi’s supposedly misinterpreted comments earlier this week, there are global indications that the best of this round has already been reached. Policymakers are always going to claim things are improving, that much is given. But there is tremendous difference between that and what has occurred, […]

Is $50 Oil Still Realistic?

With crude (and gasoline) prices doing nothing but tumble since OPEC announced its 'extension' deal, erasing all the hope-fuelled bounce off cycle lows, the question once again becomes, is $50 oil still realistic? Via OilPrice.com's Nick Cuningham, Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last […]

The 5 Possible Outcomes Of The OPEC Meeting

Authored by Nick Cunningham via OilPrice.com, The highly-anticipated OPEC meeting is taking place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result is thought to be a foregone conclusion. Last week, Saudi Arabia and Russia telegraphed the events of the May […]