-China chums the oil waters. -WTI may be on life support as a benchmark. Retail investors leap-frogged to late-month contracts for WTI, devastating the US benchmark for the price of oil. A perfect storm of market competition, demand destruction and technical trading parameters has brought the US oil sector to its knees. And it’s getting … More The Daily Dose
-The free market is working. -Eni says this is the most complex moment in 70 years. A do-nothing approach to the oil economy is impacting supply dynamics in a way that no artificial mechanism can. After cutting production earlier this month, Bakken producer Continental Resources is halting drilling operations in North Dakota. Italian major Eni … More The Daily Dose
-The times they are a’changin’. -US may need an all-options-approach to save shale. Sweeping demand destruction that followed a price war between Russia and Saudi Arabia was the systemic shock that changes the things in ways that usually only general wars can. If economic and manufacturing performance are tantamount to national strength, the international dynamics … More The Daily Dose
The GERM Report 