-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 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
-Cushing is already full. -The US oil economy may need a panic button. The primary US commercial storage facility in Cushing, Okla., is full for all intents and purposes. That’s the word Tuesday from Ole Hansen, the head of commodity strategy at Saxo Bank, after the biggest collapse in US crude oil prices since record-keeping … More The Daily Dose
The GERM Report 