• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 1 day Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 10 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 2 days CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 19 hours NordStream2
  • 18 hours OPEC+ Expects Large Oil Glut In Early 2022
  • 2 hours Ukrainian Maidan after 8 years
  • 3 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 3 hours Forecasts for Natural Gas
  • 19 hours Big Bounce: Russian gas amid market tightness - new report by Oxford Institute for Energy Studies
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…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News