oil

Oil: Fundamentals are showing clear problems, but the market just ignores them

Apr
13
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Fact: Gasoline use has crested the "hill" and is slowly waning.

Fact: Petroleum companies are diverting their output to chemical production and chemical production is in an over capacity state.

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Oil's going to $100 - can they make up their mind

Jun
22

Oil is back from "trash" status.  Oil was at a negative price when the Covid crisis hit. .  During the downturn last year, lots of pundits were declaring that oil was going to die and go away quickly.  Now, pundits are declaring that oil is going to go to $100. 

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