• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 51 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 3 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 2 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 5 days What China is Learning from Russia's War in Ukraine and its Consequences
Editorial Dept

Editorial Dept

More Info

3rd Quarter Energy Market Review & 4th Quarter Forecast with Dan Dicker

What’s attempted in this quarterly review is to look over the individual energy markets, from both a cursory fundamental and financial outlook and try to understand where each of these markets have been and are likely to go.  From there, we can attempt to deliver some very generalized ideas on where some value might lie, both in the energy markets themselves and in the underlying equities that rely upon them.  We won’t attempt to make specific recommendations or deliver target prices in this paper, instead hoping that it will open the door to further investigation towards specific stocks and futures trade ideas. 

Crude oil

The most short term view of global crude oil would lend one to believe that prices are far overstretched:  European recession, US slow growth patterns and a shocking drop in Chinese GDP growth projections have combined to drop demand of crude oil, or at least slow the growth of oil demand globally, all while the production of new supplies of crude have continued to advance largely due to new technologies in oil sands, deep water drilling and oil shale.  This is no more evident than in the US, where the West Texas Intermediate benchmark for crude price has maintained a near $20 a barrel discount to the European (and mostly global) Brent North Sea price for most of the last two years. 

But financial markets have outguessed the fundamentals, investing in crude oil through indexes, ETF’s and…




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