A momentous event brings out the best and the worst in people. Heroism and callowness, mindless greed and boundless altruism. You see intelligence and stupidity. I particularly noticed stupidity… at the local gas station. A vicious cyberattack took the Colonial Pipeline offline, and with it went most of the Southeast’s gas supply. Rumors and fears of shortages […]OPEC
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Why the United States Is Headed for a Massive Petro-Disaster
A momentous event brings out the best and the worst in people. Heroism and callowness, mindless greed and boundless altruism. You see intelligence and stupidity. I particularly noticed stupidity… at the local gas station. A vicious cyberattack took the Colonial Pipeline offline, and with it went most of the Southeast’s gas supply. Rumors and fears of shortages […]Postcards - Do This Whenever You See Buffett Buy OXY
Dear Old Friend, I always told myself I wouldn’t be a “helicopter parent” – hovering over my child and making sure she didn’t get scrapes or bruises. But this morning, until I finally caught myself, I told my daughter to slow down, not run down the trails, and hold my hand while slowly descending rocky […]Postcards: This Mystery Trader Just Quadrupled Their Money
Dear Old Friend, The Swiss lakes are lovely. But I can’t say the same about this debt deal. Yesterday, we saw more choppiness, and a large move down in the financial and energy sectors. This morning, futures are largely flat after the House of Representatives passed a farcical debt ceiling hike that does nothing to […]How Russia and Saudi Arabia Are Deciding Your Oil Prices Today
Russia and Saudi Arabia want differing outcomes from tomorrow’s big OPEC meeting.
The Saudis want production cuts extended through 2018, while Moscow wants flexibility.
Here’s how their decision will affect your wallet in the weeks and months ahead...
Everything You Need to Know (and Ignore) About the November OPEC Meeting
The last November OPEC meeting sent oil prices rocketing 20% higher in less than a month, and now this year's Nov. 30 meeting is shaping up to be just as important...
The agreement is set to expire in March 2018, just as oil prices are rising again.
OPEC Has Survived Crises Far Worse Than the Qatar Debacle
There are countless headlines touting news that the OPEC production deal is now in peril.
But in the wake of the Qatar crisis, we'd like to remind you: The battle-hardened oil cartel can't be brought down by such a minute squabble.
After all, OPEC members have survived bloody wars... with each other...
The Real Goal Behind Next Week's OPEC-Russia Meeting
Next week's OPEC-Russia meeting won't free crude from its tight trading range.
Here's what the meeting's really about - and when OPEC will finally change its strategy...
The OPEC Oil Deal Is Coming... but Not When the Pundits Expect It
Markets don't expect an OPEC oil deal in September, but that doesn't mean it's completely off the table.
Here's why a deal is coming - just not when the pundits expect it...
OPEC Is Now in the "Danger Zone" - Just as Arab Spring II Is Coming...
As OPEC divides itself into "haves" and "have-nots," the cartel is opening the door for global chaos.
These countries will be the first to fall...
The Simple Reason Why OPEC Won't Strike a Deal on Oil
Every OPEC member feels the pain of cheap crude - but don't expect an oil deal any time soon.
There's one simple reason why a production cut won't happen...
New Saudi Oil Minister Steps into OPEC Lion's Den
The new Saudi oil minister, Khalid Al-Falih, was unsuccessful in convincing Iran to stop its excessive oil production.
OPEC met today in Vienna, but was unable to reach an agreement. Because of the excessive oil production, prices could be on the verge of plummeting.
Here's What Has London's Wealthiest Oil Kingpins So Fired Up
The City of London is hands-down the most important energy financing command center on Earth. More money for oil and gas projects is raised within a three-mile radius of Liverpool Street station than anywhere else in the world.
Naturally, this part of town is packed to the rafters with some of energy's most influential and important "money men" and women.
When I was at the Palace of Westminster for a closed-door energy briefing at the House of Lords, these financiers were absolutely electrified by one recent development.
A Single Country Now Controls the Future of Oil Prices
After a hefty rise of 46.9% for the month through close last Friday, WTI crude fell for two consecutive sessions to start the week.
As always, pundits with no real experience in the industry will blame the "glut" - but excess supply on its own is not responsible for today's oil conundrum.
Instead, the key factor in how people regard the market and anticipate oil prices today is guaranteed excess supply.
And the actions of a single country will now decide whether that guarantee will remain...
The Truth About the Big Oil Production Freeze
With word swirling about Russia and Saudi Arabia agreeing to freeze oil production, the talking heads are up in arms about whether it will make any difference or not.
On the table is an accord to keep production at January levels, with most of OPEC probably following Saudi Arabia's lead.
In the short term, getting Iran on board is key. Today, meetings took place with Russia, Saudi Arabia, Qatar, and Venezuela on one side of the table, and Iran on the other.
How a Surprising Alliance Could Shake Up the Oil Sector
Events in Abu Dhabi Friday point to OPEC having a brand-new ally in the oil sector - one no one would expect...
This unexpected partnership could have a massive impact on oil production moving into 2016.
Here's what you need to know about this potential new alliance...