Who stands to win? Smart money and Warren Buffett There are two ways to observe trends: observe what most people do, or what smart people do. Since you are presently reading our articles, you obviously believe that smart people beat the crowds. Of course Buffett, the poster child of smart money (or should […]
Oil prices fluctuate in the $50 range as geopolitical events fail to disrupt crude supplies. STEVE AUSTIN | 2017/04/18 Well, only three months into the year and so far 3 of our 9 initial predictions for 2017 have already unraveled and the rest are in the process of doing so. keystone pipeline is happening […]
In spite of Saudi Arabia’s best efforts Shale oil is winning. We look at how shale industry evolved and the path ahead. STEVE AUSTIN | 2017/06/07 Some wars are fought on the sidelines. They too are full of ideas, intrigue and bravado. Some backfire thoroughly. The Saudis took a brunt of it in their war […]
What has led to the low oil prices? Oversupply, increased production or market corrections? We take a look to see beyond the obvious. STEVE AUSTIN | 2017/07/26 Already, crude oil prices are down by well more than 18% compared to early 2017. Oil production has risen in countries like Libya and Nigeria. Quite naturally, with […]
Harvey caused massive destruction and damages to Texas. We take a detailed look on the ramifications for oil. STEVE AUSTIN | 2017/09/18 Harvey, making landfall as a Category 4 hurricane, battered southeast Texas a few days ago. Though downgraded to a tropical storm later on, it left a trail of massive destruction including loss of […]
The US Strategic Petroleum Reserve (SPR) is bound for a diet thanks to more stable oil prices STEVE AUSTIN | 2017/11/01 Strategic Petroleum Reserve (SPR) is a repository of crude oil for emergency purposes built primarily in countries dependent on oil imports. Stored in four deep underground salt caverns along Texas and Louisiana Gulf coasts, […]
With a bang, we are back with five oil price predictions for 2018. What are the geo-political forces at play? How will the oil prices fare? STEVE AUSTIN | 2017/12/20 It is the time of the year again for our highly anticipated oil price related predictions for 2018. As our millions of faithful readers are […]
Oil price volatility exhibits periodic characteristics which correlate to that of general stock market volatility. TOM THERRAMUS | 2018/02/19 Experts say that you shouldn’t look at your pension investments too often as you might make unwise decisions. I don’t follow this advice. The reason that I’m drawn to tending my pension spreadsheet weekly, if not […]
The oil market is bullish. Oil prices continue to scale new height. We take a detailed look at the reasons behind the rise in oil price. STEVE AUSTIN | 2018/05/17 Ever heard of harmony in oil prices? Recently, Brent crude oil hovered near the $80 mark, the maximum since November 2014. So it goes. Oil […]
President Trump’s stance on Iran will send oil past $150 a barrel. STEVE AUSTIN | 2018/08/07 After scaling a three-year high of $79 a barrel, oil prices fell taking a nine percent drop on the back of better supplies, resumption of Libyan oil production and increased Saudi oil output. But the reversal began soon enough […]