Category Archives: Crude Oil

Energy Breaking Out…

Posted on April 15, 2015 by macromon

Lots of interest in the energy sector. The Energy ETF, XLE,  cleared a 4-month high today, closing at its highest price since the 6.4 percent gap down on November 28th.  It now looks headed to fill that gap at 85.15. … Continue reading →

Posted in Crude Oil, Equity | Tagged , , , | 1 Comment

The Decline of Petrodollars

Posted on December 19, 2014 by macromon

Last week we pointed out that the crash in oil prices will reduce global liquidity as the revenue of oil exporters falls dramatically. This raises an interesting question: as petrodollars come out and flows to financial markets are reduced, shrinking … Continue reading →

Posted in Crude Oil | Tagged , , | 2 Comments

A new paradigm for oil? – FT

Posted on December 18, 2014 by macromon

In the middle of 2014 the price of oil was more than $100 a barrel; now it is hovering near $60. The FT’s Frederick Studemann asks Energy Aspects’ Amrita Sen and FT commodities editor Neil Hume whether low prices will … Continue reading →

Posted in Crude Oil | Tagged , , , | 2 Comments

Falling oil prices – a global tax cut – FT

Posted on December 15, 2014 by macromon

Global oil prices have fallen more than 40 per cent in the past six months to hit their lowest level in almost five and a half years. Chris Giles, economics editor, and Neil Hume, commodities editor, discuss what the fall … Continue reading →

Posted in Crude Oil | Tagged , | Leave a comment

Global Oil: Daniel Yergen on Charlie Rose

Posted on December 12, 2014 by macromon

Global energy and the price of oil with Daniel Yergen, author of: “The Quest.” Aired November 30, 2014 Click here for interview (click here if pictures are not observable)

Posted in Crude Oil, Video | Tagged , , | Leave a comment

Chart of the Day: Components of the Gas Price

Posted on December 10, 2014 by macromon

Back by popular demand. Click on chart for better resolution. (click here if charts are not observable)

Posted in Crude Oil | Tagged | Leave a comment

Some Consequences of the Oil Crash

Posted on December 10, 2014 by macromon

The corollary of the oil crash wealth transfer from producers to oil consumers is  a conversion of  savings to consumption. The chatter about today’s market weakness, for example, is that sovereign wealth funds from the oil producing countries are liquidating … Continue reading →

Posted in Crude Oil | Tagged , | 4 Comments

Is Cheap Oil Bad for the U.S. Economy? – Bloomberg

Posted on November 17, 2014 by macromon

Nov. 17 (Bloomberg) — Robert Bryce, senior fellow at Manhattan Institute, and Doug Kass, founder and president at Seabreeze Partners, discuss how oil productivity gains in the U.S. and around the world affect OPEC and the adverse economic effect of … Continue reading →

Posted in Crude Oil | Tagged , | Leave a comment

How will Opec act over oil’s fall? – FT

Posted on November 14, 2014 by macromon

Oil prices are at a four-year low and Saudi Arabia’s oil minister, Ali al-Naimi, has dismissed claims that the country has triggered a ‘price war’. What do his comments mean for the Opec’s upcoming meeting? FT’s Neil Hume and Anjli … Continue reading →

Posted in Crude Oil | Tagged , , | Leave a comment

Cheaper oil: Winners and losers – Economist

Posted on November 2, 2014 by macromon

Nice graphic from the Economist on the winners and losers of lower oil prices. (click here if graphic is not observable)

Posted in Crude Oil | Tagged , | 1 Comment