• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 52 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 hours Reality catching up with EV forecasts
  • 20 hours Famous author Michael Crichton talks about the "Climate Change Religion" aka Feudalism 2.0
  • 6 days 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
  • 12 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 12 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
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

Desperate Times Yield Fantastic Opportunities

Thursday’s ECB announcement from Mario Draghi gave everyone in the stock market continued hope – with 60b Euros of bond buying power, the stock markets both across the pond and here reacted positively. We’ll see even lower rates than already exist in Europe (even if German Bonds already have negative yields).

For the oil complex, the move had a predictable negative impact – a bigger than expected QE program from Europe sent the dollar again soaring, driving oil prices lower and with them, shares in oil companies.

We see another expected reaction to another of the 5 inputs to oil price that I isolated, four of which have no reason to turn around anytime soon. Oil prices will continue to lag under $60 a barrel, and most likely hover near $50 for the next 4-6 months.

So what the heck are we supposed to do? We know, as well as the CEOs in Davos, that oil prices under $60 are totally unsustainable and ridiculous – ridiculous in that 6-8 million barrels a day of oil production is unprofitable at that price. Given enough time, those barrels will come out of the supply chain, although the irony is of course that no company wants to be on the list of those that stop producing. Every single one of them is eyeing someone else while watching their cash flow disintegrate. Can I last longer than XYZ resources? They all ask.

And here’s where the first big opportunity must be for investors – in finding those who will sell assets,…




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