September 19, 2017

Time to Transform the Eastern Mediterranean

The genuine prospect of Cypriot reunification could serve as a political pivot to the EU. Pictured: Northern Cyprus. (Photo by greenacre8, Creative Commons License)

The massive resources available in the Eastern Mediterranean offer the prospect of employment and stability. The pursuit of common interests could unlock enormous untapped potential in the region. Read More »

Oil Jobs Lost: Texas Likely to See Massive Layoffs Soon

Texas is one of the hardest-hit states where oil industry lost more than 56,000 jobs. (Photo by Robert Couse-Baker, Creative Commons License)

Oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps. Read More »

Saudis Planning a War of Attrition with Russia’s Oil Industry

(Photo by olle svensson, Creative Commons License)

Saudi Arabia could be playing a longer game, intensifying its market share strategy by encroaching on Russia's traditional market in Europe. An increase in Saudi oil flowing to Europe threatens to undermine Russia's principle market. Read More »

Stop Blaming OPEC for Low Prices

(Photo by Mike Mozart, Creative Commons License)

U.S. production is now down by about 500,000 barrels per day since April. Oil prices will rise over the next year or so as U.S. shale is forced to cut back. That adjustment – high-cost suppliers forced out – is how markets are supposed to work. Read More »

Oil Market Showdown: Can Russia Outlast the Saudis?

(photo by Jon Rawlinson, Creative Commons License)

Saudi Arabia and Russia cannot long withstand the pain they have brought upon themselves by maintaining low oil prices. They have, in effect, turned no pain no gain into intense pain no gain and set in motion the possibility neither will exit the low price Crudedome under its own power. Read More »

Lithium Market Set to Explode – All Eyes Are on Nevada

The Chemetall Foote Lithium Operation in Clayton Valley, a dry lake bed in Esmeralda County, Nevada, just east of Silver Peak, a tiny town that has been host to various kinds of mining for about 150 years. (Photo by Doc Searls, Creative Commons License)

Even more than hybrid cars, grid storage and the ‘powerwall’ will drive lithium demand through the roof.  Now the game is all about new resources—and specifically, American resources, with all eyes on the brine. Tesla knows this, and so do its competitors. Investors who know this will get in on the game before new entrants start producing. Read More »

Is Russia Plotting to Bring Down OPEC?

(Photo by Great Beyond, Creative Commons License)

Russia can be seen as maneuvering to split OPEC into two blocs, with Russia, although not a member, persuading the "Russian bloc" to isolate Saudi Arabia and the Gulf Arab OPEC members within OPEC. This might persuade the Saudis to seek a compromise with the have nots. Read More »

The Shale Delusion: Why the Party’s Over for U.S. Tight Oil

Shale gas pipelines in Pennsylvania. (Photo by Max Phillips/Jeremy Buckingham MLC, Creative Commons License)

For the next year or so, tight oil wells will not be commercial except in the best parts of the best plays. Until market fundamentals of supply and demand come into balance, prices will remain low. Clearly for now, the party is over for tight oil. Read More »

Global Consumption Trends Break New Records

A view of Gorgonio Pass Wind Farm in California.

Record increase in global consumption and acceleration of resource depletion, pollution, and climate change may come with under-appreciated social and environmental costs, says a new report by Worldwatch Institute. Read More »

The Default Next Move for Oil is Downwards, And Here’s Why

(Photo by Paul Lowry, Creative Commons License)

As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can ... Read More »