-IEA raises demand forecast, but frets over the quarantine economy -Libya is not back in action. Iran is getting restless The market situation is setup for another down day for crude oil prices. Strict OPEC discipline and exuberance over previous economic data on jobs has not been enough to keep the momentum going for black … More The Daily Dose; IEA Offers Something for Everyone
Risk level: Red RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Thomas Hobbes was right. -Oil remains a strategic interest. Iranian authorities during the weekend said they understood the cause of an explosion at the Natanz nuclear research facility, but were withholding information as … More Managing an Unmanaged World
-The market is extremely fickle. -OPEC stands pat on outlook. It may well be the third quarter before demand resumes in the US economy. That was the word from US Federal Reserve Vice Chair Richard Clarida, who delivered a message late Tuesday to the Foreign Policy Association in New York. That followed testimony from Fed … More The Daily Dose; The Roller Coaster Economy.