Oil Prices

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"X" (Doesn't) Mark the $1.4 Trillion Spot in West Texas

Sailing the oceans in search of treasure is something of a fantasy for a lot of people.

Just imagine it, the gentle rocking of the boat...

Learning the language of the sea...

Manning the big, wooden ship's wheel...

The eventual end goal: finding the buried treasure on the deserted island that you located using the ratty, ancient map with a giant black "X" marking the spot.

Usually this type of imagining involves a hook for a hand, eyepatches, peg legs, and other such pirate accessories.

But it's the buried treasure that's central to this dream.

Unfortunately, in real life, "X" marking the spot is just that... a dream.

There is, however, unmarked buried treasure.

You won't find it in the ocean though...

This New Oil Price Prediction Calls for $400 a Barrel by 2020

West Texas Intermediate (WTI) is currently trading for $65.80 per barrel, but one analyst has made a 2020 oil price prediction of $400 per barrel, a staggering 491% climb.

And the reason for a $400 per barrel oil price might surprise you even more...

Here's what's fueling his latest oil price forecast, and how you can cash in on rising oil prices with one of the best oil stocks to buy...

The U.S. Is Quickly Becoming the Biggest Oil and LNG Exporter in the World

About 13 years ago, I was at a meeting of energy experts close to Dominion Energy's liquefied natural gas (LNG) terminal in Cove Point, Md.

At the meeting, it was unanimously concluded that at least 15% of U.S. natural gas demand would be met by LNG imports within the next decade.

In those days, nearly 70% of the U.S crude demand was projected to be met by imports.

At that time, American oil production was not even 7 million barrels a day, with well over 60% of total volume coming from "stripper wells" – each providing less than 10 barrels daily, but many more barrels of water than oil.

Back then, we were aware of the potential lurking in shale, tight oil, and gas...

But nobody could have foreseen (myself included) the largesse LNG would provide.

Well, a great deal has changed since then – and this revolution currently happening in the U.S. energy market will spell massive profits for us in the coming years...

Why Oil Is Having Its Most Volatile Week of the Summer

shale oil production

If there's any industry whose sentiment can go from hot to cold in just the span of a week, it's the oil industry.

That's how this past week has been, with both WTI and Brent - the U.S. and global benchmarks, respectively - down more than 7% since July 11 when prices logged their worst daily drop in over a year.

Naturally, this has analysts and talking heads across the industry in a fit of frenzy. After all, WTI had been on an unstoppable long-term rally, gaining over 23% since the start of the year.

Let them worry.

I'm not the least bit surprised about the recent pullback. With such an incredible run to three-and-a-half-year highs, prices were bound to get overheated and drop below the psychologically important $70 at some point.

Geopolitics have been so front-and-center lately that despite boosting prices to record highs earlier this month, they have now turned on us and dragged prices back lower.

Here's how this switch happened - and why I'm confident oil markets will turn back in our favor...

How to Profit as U.S. Oil Production Passes Saudi Arabia in 2018


U.S. oil production is poised to bypass Saudi Arabia this year, creating a new investment opportunity in American oil companies...

The EIA released a forecast of 9.69 million barrels per day (MMbpd) for U.S. oil producers in 2018, which is an increase of 5.7% over the 9.16 MMbpd average last year.

And that's creating a profit opportunity for investors who know where to look...