• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 min Is Europe heading for winter of discontent with extensive gas shortages?
  • 9 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Hopes Are Dashed For International Oil Companies In North Iraq
  • 1 day 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 1 day The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 15 hours "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
  • 5 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 22 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 2 days The Federal Reserve and Money...Aspects which are not widely known
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

Why Crude Oil Producers Will Outperform in 2013

I view oil through a 25-year career of daily engagement in the futures markets.  It’s not the standard Wall Street view.

I can’t describe how all that experience comes together but I CAN show you a few of the commodity factors that I look at that others don’t  - making you more capable in understanding the energy sector, no matter what part of it you’re interested in. 

One of the less discussed but critical factors impacting the trajectory of oil prices are oil financial factors. 

Oil is priced physically at many points on the globe – and each price point is different, just like the same house would be priced differently depending on where you were.  But oil is also tied FINANCIALLY to the benchmark prices funneled through the exchanges that handle forwards and futures, and those prices are what really set the physical prices around the globe. 

Take our current circumstance: Global oil production is up about 800mm barrels a day in 2012 and demand is up perhaps 200-250mm barrels less than that.  That would imply an increasing surplus and why you’ve seen many oil analysts predict lower prices this year –BofA even suggested $50 a barrel as possible for 2013. 

Here’s why I think it won’t happen.

Two things are feeding into the financial price point for Brent oil traded at the Intercontinental exchange (ICE) that make a deeply dropping price unlikely…




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