• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 hours Science: Only correct if it fits the popular narrative
  • 3 hours Crazy Stories From Round The World
  • 11 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 16 hours EU has already lost the Trump vs. EU Trade War
  • 9 hours China's Renewables Boom Hits the Wall
  • 1 day ''Err ... but Trump ...?'' *sniff
  • 45 mins Do The World's Energy Policies Make Sense?
  • 10 hours Forget out-of-date 'dirty oil' smear, Alberta moving to be world's cleanest oil industry
  • 1 day Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 3 hours Impeachment Nonsense
  • 1 day Tesla Launches Faster Third Generation Supercharger
  • 15 hours Water, Trump, and Israel’s National Security
  • 2 days Passerby doused with flammable liquid and set on fire by peaceful protesters

Breaking News:

Russia Plans To Boost Crude Oil Exports

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

Weather The Oil Storm For Real Rewards

It’s just perfect, that I would appear on CNBC’s halftime report for the first time in a year and a half predicting much higher oil prices, and watch today as WTI crude sinks under $90 for the first time in almost two years.  But ‘fast money’ is not what I’m about and oil is in an undoubtedly bearish trend.  The short term is to bank on lower prices for a time, perhaps, but for the long term – that’s not the bet I want to make.

Analysts love to come up with reasons why oil is sinking – now – while they couldn’t find reason to be short oil when it was expensive.  Domestic oil production?  Those targets reaching almost 9 million barrels a day are yesterday’s news, as are the projections of 10m b/d in 2016.  Slackening demand is a canard, as it is not global demand that is falling, it is the RATE of INCREASE in demand that is showing some slack.  We will still need 650,000 b/d of oil more in 2015 than we did in 2014, and a projected 800,000 b/d more than that in 2016.  

It is, of course, the dollar trade and the race to the bottom of devaluing currencies about to be embarked upon that is ultimately the biggest pressure on oil prices.  Look at any chart of the dollar against any other currency – the yen, the euro, the pound – and ask yourself a question:  Are you ready, looking at that chart, to get long the dollar NOW?  If you are, you’re…




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