Category Archives: Crude Oil

Perspective In The Permian

For a bit of perspective, the entire state of California, which recently beat out the United Kingdom as the fifth biggest economy in the world, has around 10 active drilling rigs. The Permian Basin alone has nearly 500. Exxon Mobil … Continue reading

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Why is Canadian oil so cheap? – Financial Post

$10 Handle On WCS Wow!  Canadian crude traded with a $10 handle! That is frickin’ stunning.  Production is stranded and nowhere to go.  Can’t use oil tankers for storage as they can’t get it to port. Here’s to wishing we … Continue reading

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Crude Testing Critical Support…Will Stocks Follow?

The near WTI futures price is down 21 percent since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week.   Fearing spiking oil prices, the U.S. granted waivers to eight of … Continue reading

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Lavender Wave Still Cometh

Massive Lavender Wave Coming In November We believe there will be a massive “lavender wave,” in the November midterms.  Lavender is the color combination of pink and blue. …In elections, women are also more likely to vote in higher numbers and … Continue reading

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Crude Reality For Emerging Markets

This chart comes to us via the “Polish Swish,” known for his nuttin’ but net baseline jumper.  It illustrates the local pain of rising oil prices in a few selected emerging markets. Crude oil is priced in dollars, and countries … Continue reading

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Rising Oil Prices And Midterm Elections

The price of crude oil is up 36 percent since President Trump took office, squeezing the consumer at the pump and offsetting most of the personal net income gains from the tax cuts. The rise in gas prices has cannibalized … Continue reading

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The Year In Review

An incredible year in the markets. Here’s a quick snapshot: Fixed-income – The high yielders significantly outperformed; – Greece 10-year yield down 300 bps in 2017; – China 10-year moved 85 bps higher to around 4 percent; – The U.S. … Continue reading

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COTD: Venezuela Oil Production (t/bpd)

Ergo (among other things), this: There is some minimum threshold level of reserves most central banks will not cross and will resort to various policies to protect and ration foreign exchange reserves, including devaluation, import restrictions, capital controls, selective default, … Continue reading

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Deflation Or Change In Relative Prices?

Interesting chart via statista measuring the cost of one hour of light through ages. We find it relevant today as there is much confusion over the concept of deflation and inflation.  It appears many can’t distinguish between the difference between … Continue reading

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COTD: U.S. Shale Breakeven Oil Prices

(COTD = Chart of the Day)                   Source:  World Bank-Global Monthly

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