-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
-Geopolitical risk mounts a comeback. -US “reopen” movements exposes risk of politicizing crises. Politicizing a crisis is indicative of a lack of genuine leadership and it often results in unintended blowback. This is true in the case of the coronavirus and the oil markets. Right-leaning leaders that represent oil-producing states in the US spent much … 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 