• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 1 hour Satellite Moons to Replace Streetlamps?!
  • 9 mins EU to Splash Billions on Battery Factories
  • 18 hours US top CEO's are spending their own money on the midterm elections
  • 4 hours U.S. Shale Oil Debt: Deep the Denial
  • 5 hours The Balkans Are Coming Apart at the Seams Again
  • 20 hours OPEC Is Struggling To Deliver On Increased Output Pledge
  • 5 hours The Dirt on Clean Electric Cars
  • 16 hours Uber IPO Proposals Value Company at $120 Billion
  • 6 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 18 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 1 day Petrol versus EV
  • 22 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 23 hours 10 Incredible Facts about U.S. LNG
Alt Text

Oil Prices Subdued, But For How Long?

Oil prices may have closed…

Alt Text

Goldman Sachs: This Is The Next Big Risk For Oil

Goldman Sachs commodities expert Jeffrey…

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

Trending Discussions

How To Profit From Pessimism

This is a trader moment – when you can see everyone run for cover and our opportunity is great. On Wednesday, Chesapeake CEO Robert Lawler single-handedly collapsed the energy market with his comments on his 2nd quarter results, driving Chesapeake shares, and others in the space viciously lower.

Wake up, traders – now’s the time to strike.

I love it when a plan comes together, and my plan on the energy markets has been following almost to the letter the outline I laid out in my book “Shale Boom, Shale Bust.” We knew that the Band-Aid approaches of the independent producers here in the US, of driving down Capex while throttling up production was never going to yield any kind of long-term solution. We were waiting for the inevitable ‘production wall’ to be slammed into at rocket speed, driving the production down – finally – and clearing the markets of the gluts that have plagued pricing for the last year.

We’re not there quite yet – not by a longshot – don’t get me wrong. But the point of trading is to be ahead of the trend, not reacting to it. By the time you’ve reacted to it, you’re late.

One great example of this is in the report and comments of Lawler yesterday on Chesapeake. Yes, I’m singling out a natural gas company here instead of a shale oil company, because I’m now starting to believe that the natural gas glut might actually clear a bit faster…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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