Market Focus: Energy
Recent Editorials on Energy
- May 24 OPEC Has Lost the Power to Lower the Price of Oil by Gregor Macdonald
- May 24 Whatever Happened to $200 Oil? by Jeff Rubin
- May 23 Dollar Oil Price Is the ‘Vital Interest’ by Julian Phillips
- May 21 If We Only Had a Stable Energy Policy by Robert Rapier
- May 14 Book Review: A Thousand Barrels a Second by Robert Rapier
- May 14 Food Prices Mirror Oil Prices: The Crude Oil - FAO Food Price Index Price Correlation by Joseph Dancy
- May 11 Is Chesapeake Energy Going Bankrupt? by Bill Powers
- May 10 ‘Cornucopians in Space’ Deliver a Dangerously Misguided Message by Gregor Macdonald
- May 10 7 Reasons Speculators are Not to Blame for Higher Oil and Gas Prices by Cliff Küle
- May 08 New IMF Working Paper Models Impact of Oil Limits on the Economy by Gail Tverberg
Recent Newshours on Energy
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Joseph Dancy: Why West Texas Intermediate Crude Is Heading Higher
May 17
Jim welcomes back Joe Dancy to discuss the energy markets. Joe sees the completion of new pipeline projects in Texas narrowing the spread between WTIC and Brent crude, which could lead to price hikes in gasoline prices. Joe also expects crude oil and food prices to remain highly correlated, and up-trending over the next several years, which should be a very positive environment for companies in both sectors.
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Ronald Stoeferle: Higher Oil Prices Coming−OPEC Has “Nothing To Spare”
May 03
Jim welcomes back Ronald Stoeferle CMT, from Erste Group Bank in Austria. In his recent oil report "Nothing To Spare" Ronald notes OPEC spare capacity is virtually non-existent and we have reached a peak in conventional oil production. He also sees the "Petro Dollar" system losing its influence, as some countries begin to buy Middle Eastern oil in other currencies.
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Kurt Wulff: Oil Markets to Tighten; No Spare OPEC Capacity
May 02
Jim welcomes back Kurt Wulff CFA, independent energy analyst at McDep LLC. Kurt sees the oil markets tightening, as OPEC has run out of spare capacity. He also expects natural gas prices to rise like oil did in 2009, as natural gas operators cap unprofitable wells. Lastly, Kurt discusses four energy stocks he currently sees as attractive values.
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Chris Nelder: Danger Zone−Oil Spare Capacity Decreasing
Apr 19
Jim welcomes back Chris Nelder to discuss the recent IEA report on global oil production. Chris sees a growing danger zone as Saudi Arabian production decreases, as well as global spare capacity, while demand for oil continues to grow as the global economy recovers.
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"Oil and natural gas are depleting resources. Investment in these areas will be important in the years ahead." — Jim Puplava
"...we passed the peak on December 16, 2005." — Kenneth S. Deffeyes
