• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 1 hour In a Nutshell...
  • 2 days No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 23 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 2 days The Coal Industry May Never Recover From The Pandemic
  • 2 hours Is the oil & gas industry on the way out?
  • 2 days A Real Reality Check on "Green Hydrogen"
  • 3 days Why Oil could hit $100
  • 1 day Where is Alberta, Canada headed?
  • 1 day Putin Paid Militants to Kill US Troops
  • 3 days Why Wind is pitiful for most regions on earth
  • 2 days During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
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

The Best Shale Investment This Summer

Three very different news stories dominated the week in energy – let’s look at those and then some oil ideas that might come from them.

The President made an 180-degree turn away from Chinese sanctions despite promising it to the delight of steel and aluminum workers during the campaign – and recently in tweets.

Now all of this is apparently on hold, and comes along with a promise of help for the already sanctioned ZTE Chinese phone company.

The return promises from China are a freer road into China for American goods – including oil and LNG.

But China has shown a great ability to promise much and deliver little, so we shouldn’t count this as a win yet – but the avoidance of a trade war should be seen as a very good thing for our energy stocks.

Second, we have the new stories of  inside relationships of several Gulf states with the Trump campaign prior to winning the election. These discussions might help explain the easy decision of the Trump administration to abandon the Iran deal; part of those talks could have included a Saudi increase of lost Iranian supply in the wake of new sanctions. In addition, the June meetings might talk about relieving some of the production restraints inside OPEC members.

But I equally wouldn’t be so quick to believe these promises from the Saudis. They have suffered for the last 4 years with sub-$50 oil prices and with their big upcoming Saudi Aramco IPO…




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