This chart is bullish for oil. It shows the number of non-commercial net long crude oil positions in the NYMEX (New York Mercantile Exchange) is moving down – these are the people we all call "The Speculators". Getting these (politically unpopular) people out of the oil market is what...
Oil and gas are moving in opposite directions right now - oil up and gas down. Oil stocks are tepidly advancing, not quite convinced the move in the oil price is sustainable. Natural gas stocks -those not already crushed - I fear are getting ready for a further 20-30%...
Since oil really started crashing, the media can only talk negatively about oil.
These are the same talking heads who had no clue about the impending 50% plunge in prices. Why do we listen to them—instead of paying attention to facts?
Here is one fact….US gasoline and oil demand is surging.
That...
OGIB INTERVIEW WITH ROBIN MILLS IN DUBAI
Robin Mills is author of “The Myth of the Oil Crisis” and is CEO of Qamar Energy, a consultancy that advises clients on strategic, commercial and business opportunities in Middle East oil and gas. I interviewed Mills--a Briton who has lived in Dubai...
Why Exxon Mobil Is Important for Retail Investors
Exxon's trading symbol is XOM:NYSE. At various times it has been the largest (non-sovereign) company in the world, depending on its share price. And it certainly one of the most profitable - in the quarter ending Dec 31/08 (Q4, for short), Exxon...
Can shale oil and gas carry the U.S. to energy independence?
The short answer is no, says Credit Suisse (CS) in a September 7 report, but North America as a whole could be energy self-sufficient.
CS hangs their thesis on 4 key pegs:
1. Flow rates from oil wells about 25% higher than now,...
This might not seem like a very good time to bring a company public.But a small corner of the initial public offering (IPO) market is actually booming right now--and the biggest renewable energy company since Tesla (TSLA-NASD) is now involved. They're called Special Purpose Acquisition Companies (SPACs).You may not...
I’m saying farewell to numerous companies that have been in oil price fantasy land and refuse to adapt to the new paradigm.
For too long, many of them have been:
Accumulating copious amounts of debt
Drilling prospects that are not justifiable at current sub $55 oil or even sub $75 oil
Relying on...