Leonard Brecken

Latest articles from Leonard

• Has Oil Finally Bottomed?

  Published 06 October 2015 | viewed 10,680 times

  As stated in past articles, the fundamentals are a minor part of asset appreciation these days, while Federal Reserve actions are the major part. Last…

• Fed Defers Rate Hike, But Oil Fundamentals Don’t Matter Anyway

  Published 17 September 2015 | viewed 5,896 times

  I have long maintained that various distortions of fundamental data by the media and analysts are partly to blame for why oil prices are de-coupled…

• Did The Fed Intentionally Spark A Commodity Sell-off?

  Published 27 August 2015 | viewed 15,669 times

  The intention here is the bring facts to light so the public can decide. I’m not quite sure what to believe on how and why…

• Oil Prices Driven Lower By Everything Except Fundamentals

  Published 24 August 2015 | viewed 23,987 times

  It is clear that it is no longer supply and demand for oil that is dictating the price but is instead the financial markets and…

• Congress To Lift Oil Export Ban Next Month?

  Published 10 August 2015 | viewed 15,527 times

  According to the CEOs of both Continental Resources (CLR) and Pioneer Resources (PXD), the ban on U.S. oil exports will most likely be lifted in…

• EIA Capitulates Under Cover Of Darkness

  Published 03 August 2015 | viewed 20,385 times

  Many investors know that when a company wants to mitigate media coverage of bad news, they typically release data on a Friday after the close.…

• Top 6 Myths Driving Oil Prices Down

  Published 31 July 2015 | viewed 35,986 times

  “Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech.” Benjamin Franklin, Silence Dogood, The Busy-Body, and Early Writings…

• Forget Media Hype. Oil Set To Rebound

  Published 21 July 2015 | viewed 23,492 times

  Despite oil prices being somewhat depressed by the hype surrounding the Iran deal (which has repeatedly been debunked as not affecting supply until, at the…

• The Multi-Trillion Dollar Oil Market Swindle

  Published 13 July 2015 | viewed 28,560 times

  In the past, I documented the overstatements by both the IEA and EIA in 2014 & 2015 in terms of supply, inventory and understatements of…

• Exposing The Hypocrisy Of Wall Street

  Published 07 July 2015 | viewed 7,393 times

  There is a war on oil in America and oil executives better wake up to it. At every turn the media is hyping the negatives…

• EIA Data Still Doesn’t Add Up

  Published 30 June 2015 | viewed 28,179 times

  As initially pointed out by Peakoilbarrel.com in a recent article, discrepancies between actual data for oil production in Texas vs. what the EIA claims are…

• U.S. Oil Glut An EIA Invention?

  Published 25 June 2015 | viewed 28,731 times

  In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase…

• Expect A Wave Of Consolidation In The Oil Industry

  Published 18 June 2015 | viewed 23,302 times

  As stated previously, asset monetization by small E&P operators will start in earnest in the second half of this year out of cash flow necessity.…

• Oil Demand Weaker Than Many Expect

  Published 15 June 2015 | viewed 17,481 times

  Although I disagree with the vast majority of the bear calls that have existed all year (all of which were documented as being false, by…

• A Bit Of Perspective On Gasoline Prices

  Published 12 June 2015 | viewed 11,508 times

  To me, commodity pricing today is so distorted that it is almost startling. The media continues its post Goldman Sachs’ bearish calls to pound away…

• Price Manipulation In The Oil Markets?

  Published 04 June 2015 | viewed 22,412 times

  According to Reuters, Arcadia Petroleum Ltd, and its Parnon Energy unit have settled a $16.5 million civil suit filed against them for manipulating futures prices.…

• US Shale Will Not Bounce Back At Current Prices

  Published 01 June 2015 | viewed 15,062 times

  This week starts with a refreshing call by Deutsche Bank (DB), which basically encapsulates my view on the E&P group. Notwithstanding the valuation issues in…

• EIA Reports Bizarre Increase In U.S. Oil Production

  Published 29 May 2015 | viewed 28,201 times

  What did I tell you? The EIA has done it again. First, it is important to remember that weekly EIA production numbers are just estimates…

• The Oil Glut is Not Real

  Published 27 May 2015 | viewed 33,262 times

  As it appears GDP will be seasonally adjusted again, I find myself wondering just one thing: why? Earlier GDP figures showed the US economy on…

• OPEC Struggling To Keep Up The Pace In Oil Price War

  Published 20 May 2015 | viewed 34,066 times

   Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing…