• 3 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 6 minutes Forecasts for Natural Gas
  • 14 minutes NordStream2
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Communist China Declared War on the US Long Ago Part 1 of the 2-part series: The CCP's War on America
  • 3 hours China's aggression is changing the nature of sovereignty.
  • 7 hours Delta variant in European Union
  • 2 days Ukrainian Maidan after 8 years
  • 13 hours President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 4 days OPEC+ Expects Large Oil Glut In Early 2022
  • 4 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 2 days Сryptocurrency predictions
  • 4 days CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 3 days Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
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

How Cool Heads Can Prevail In This Panic

The oil market’s in freefall, the stock market is in freefall.  You’re taking losses, big losses, in stocks that you bought – not at the top of the market where valuations were high – but at areas you thought were terrific long-term propositions.  What do you do now?

I am precisely where you are right now, because I am an oil trader, first and foremost.  And I can’t tell you what is going to be right for you, I can only tell you what is right for me.  And for right now, I’m standing pat and even committing a little more capital into these markets here.  And I’m going to tell you why.

Panic.  It is clearly what has inspired the last several big drops in both the oil market and with stocks.  I saw Professor Schiller of Yale University on CNBC comparing this selloff with 2008 and 2000.  Really?  Are P/E ratios in the 40’s?  Is there a structural credit market problem about to explode?  If there is, I’ve missed it.  Nothing fundamental has changed, instead, there are only rumors and speculation about what is the new reality on oil.    Let’s look at some of them.

One is the perception that OPEC is coming apart and the Saudis are engaged in a war for market share with the rest of the Cartel and the shale producers here in the US.  A letter from Saudi prince Al Waleed has warned of the dangers of $80 oil and squelched the idea…




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