» Energy

Was the end of abundant cheap domestic oil and the end of the gold-backed dollar not coincidental, but causally related? Oil and finance are inextricably linked, for as long as the US (Fed) prints dollars, and exporters accept them in trade for physical oil, then the US is able to effectively act as...

Another fun day in the equity markets. With conviction among shorts mixed, some strong some not so and longs pretty much all in market action of late is a war but not your typical war. No longer bull versus bear it is now bear versus bear. Weak hands versus strong hands. Today the weak hands won. Th...

We set another record yesterday. This one has me scratching my head. The Brent WTI spread widened to $27.22. That’s never been seen before. There are some partial explanations for this phenomenon. Brent is lighter in grade and justifies a somewhat higher price. But not $25. Another consideration ...

It has become quite apparent that major changes are necessary in the oil futures market after the latest year of volatility which had little relation to the actual fundamentals of supply and demand in the marketplace. Oil is too an important commodity to have such a large dislocation from the actual...

Commodities seem to be following the same pattern as global stock markets. That makes sense since the stock market is concerned about slowing global economies, and slowing economies obviously mean less demand for raw materials used to produce and ship products. It can be seen in the way the CRB Inde...

The U.S. economy is never completely ready for higher oil prices, which is one reason they take a nasty economic toll when they arrive. But readiness can be enhanced by awareness of the likely outlook for petroleum prices–and the outlook today is relatively grim, although probably not disastrous...

Just why did the United States and the International Energy Agency decide to release 60 million barrels of oil next month from their strategic petroleum reserves? The IEA cites the loss of 1.5 million barrels of Libyan production but that’s been going on since February. So why has it taken unt...

Good afternoon.  Quick synopsis of macro-thoughts.  I’m not used to writing market comments or market updates anymore given the all things government and policy impacts on markets.  It seems too often that it was as simple as the Treasury is selling the Fed is buying.  And that was it.  Sim...

Overdose – The Next Financial Crisis from Ressourcenbasierte Wirtschaft on Vimeo. ...