• 6 minutes Corporations Are Buying More Renewables Than Ever
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 23 minutes Starvation, horror in Venezuela
  • 2 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 2 days The Discount Airline Model Is Coming for Europe’s Railways
  • 1 day Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 day Renewable Energy Could "Effectively Be Free" by 2030
  • 1 day Saudi Fund Wants to Take Tesla Private?
  • 2 days Pakistan: "Heart" Of Terrorism and Global Threat
  • 2 days Venezuela set to raise gasoline prices to international levels.
  • 1 day Mike Shellman's musings on "Cartoon of the Week"
  • 3 mins China goes against US natural gas
  • 1 hour Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 2 days Are Trump's steel tariffs working? Seems they are!
  • 2 days Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 19 hours Why hydrogen economics does not work
Alt Text

Pakistan: Exxon Is Close To Making A Mega Oil Discovery

Pakistan’s Minister for Maritime and…

Alt Text

The “Weakest” EIA Report In Years

The EIA’s most recent weekly…

Alt Text

What Happens Next To China’s Crude Imports?

Crude oil flows to Chinese…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Oil Will Be The Place To Be In 2016 And 2017

After insane volatility in oil and oil stocks, a recap on the macro scene in energy and the few specific stocks need updating after this week's carnage (and only partial recovery).

First, to the macro: Oil and oil companies continue to follow the timetable of destruction whose path began almost exactly one year ago today. Of the five major inputs to the decline on oil that I outlined in my book leading to oil's continuing price collapse, it is obvious that the Chinese GDP fantasy (and also the Yuan devaluation race) was the straw that broke oil's back on Monday (as well as the major averages). I was rather certain that oil's lows of the early spring would not be significantly broken, but the power of the Chinese disaster was enough to send it briefly down to $38. To be instantly clear about this, this move did NOT signal a sell, nor upset my macro scenario in oil or oil stocks.

We have always maintained that oil's bust would be a very long process, with no significant bull market reestablishing itself until at least the end of 1Q 2016. Production from OPEC sources is inelastic in that there are no incentives to impose tougher quotas – the Saudi plan is working in destroying US production competition and hobbling Iran and they won't let up until there is quite a bit more blood on the streets in the form of bankrupted shale players and reduced projected supply from other OECD sources.

And the signs for that coming soon are everywhere. Rigs, down 1000…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News