-Old patterns are crumbling as the global economy breaks down -OPEC economists expect the Great Depression II. The free-market is picking the winners and losers in the oil market, and the losers are having none of it. Legacy production in the US shale sector had already shown signs of slowing down in late 2019, and … More The Daily Dose
-Production restraint has offered zero support for the price of oil -Once it’s gone, it’s gone, the US energy secretary suggests. So far, it seems the breakthrough deal among the world’s major oil producers did little to prop up the price of oil. Production restraint provides little support at a time when many segments of … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT OPEC+ arrangement a victory in rhetoric only. Energy Intelligence forecasts swift declines outside the OPEC group. Looking at US hegemony as the effort to contain the spread of communism collapsed in Vietnam in … More “A nightmare of global organization.”
The GERM Report 