• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 7 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 53 mins The Dirt on Clean Electric Cars
  • 11 hours OPEC's No. 2 Producer Wants to Know How Buyers Use Its Oil
  • 5 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 13 hours Iranian Sanctions - What Are The Facts?
  • 46 mins U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 7 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 6 hours EU to Splash Billions on Battery Factories
  • 4 hours COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 14 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 14 hours Superhumans
  • 10 hours Who's Ready For The Next Contest?
Alt Text

Oil Prices Subdued, But For How Long?

Oil prices may have closed…

Alt Text

Fear Has Driven Oil Prices Too High

The calls for $100 oil…

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

Why Investors Should Take “Lower For Longer” Seriously

There have been some interesting outcroppings from the long down-cycle in oil prices. The weakening of oil companies and their shift in focus from maximizing volumes and profits to hunkering down and just surviving has spurred a lot of what look, on their face, like real environmentalist victories. CEOs now speak in dark, muted tones about the future 'challenges' the industry faces, as Schlumberger CEO Paul Kibsgaard did in his recent conference call Friday. Banks reassess the creditworthiness of the marginal E+P's as companies like Halcon (HK) frantically restructure their debt – in sometimes very 'interesting' ways.

This new humbleness from the sector has bled into the political sphere, as candidates are now emboldened to push back against the weakened oil industry. President Obama has cancelled the two remaining auctions for Alaska drilling leases indefinitely, taking a cue from the dry hole exploratory disaster Shell (RDS.A) experienced last month. Hillary Clinton suddenly is firmly opposed to Keystone XL, despite once being head of the same Department of State that found nothing environmentally to oppose in it. Congress is talking about bringing Exxon Mobil (XOM) execs to Washington to investigate their suppressed research on fossil fuels and climate change. There is a movement to begin a new 'tobacco-like' hunt for injury to the public good here, something that I find impossible to believe would find any traction at all if oil was still selling for $100 a…

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