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  • Could An Energy Bust Trigger QE4?
    By on December 24, 2014 | No Comments  Comments
    In a normal economic times falling energy costs would be considered unadulterated good news. The facts are simple. No one buys a barrel of oil to display above the mantle. No one derives happiness from a lump of coal. Energy is simply a means to do or get the things that we want. We use it to stay w...
  • Crude Oil: What’s Next?
    By on December 19, 2014 | No Comments  Comments
    Today, there is no shortage of opinions about oil. So why should you bother reading this one? Because 99% of oil forecasts out there are based on so-called fundamentals. The same “fundamentals” that back in June, when oil cost $107 a barrel, promised even higher prices due to: The risin...
  • Short-Term Pullback or Something Worse?
    By on December 18, 2014 | No Comments  Comments
    A few weeks ago when we called for a short-term pullback of 4 to 5%, it was due solely to the short-term overbought condition of the major indexes above their 50-day moving averages, and that the short-term technical indicators had triggered a short-tem sell signal. However, another condition unexp...
  • What’s Behind the Plunge in Oil?
    By on December 18, 2014 | No Comments  Comments
    What’s Behind the Plunge in Oil? In the wake of a widely unexpected, huge oil price decline, I have received many questions and comments. Some speculate US pressure on Saudi Arabia to punish Russia. Others think “big oil” is out to punish the frackers. I responded to a friend today...
  • Energy Sector Woes Continue to Weigh on Market as Ris...
    By on December 15, 2014 | No Comments  Comments
    The Energy sector has taken an absolute beating in the last several months and is now down double-digits for the year after battling for the top sector in the middle of the year. Source: StockCharts.com The decline in the energy sector stems from a sharp slide in crude oil from just under $110/barr...
  • Global Oil Consumption Report: Changes Since 2009
    By on December 14, 2014 | No Comments  Comments
    Reader David Epperson sent in some interesting charts on global oil usage that he produced from U.S. Energy Information Administration (EIA) data. The data is through the end of 2013. David writes … Hello Mish, I was curious how much oil consumption had declined over the last few years, so I...
  • Guess What Happened Last Time Oil Crashed Like This?
    By on December 7, 2014 | No Comments  Comments
    There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months.  The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that ye...
  • No, It’s Not Time To Buy Energy Stocks Yet!
    By on December 7, 2014 | No Comments  Comments
    Yesterday, I discussed the recent slide in oil prices wherein I stated: “For investors long ‘energy’ at the current time, oil prices are indeed extremely oversold and are due for a bounce. That ‘bounce’ should likely be used to substantially reduce energy positions in t...
  • The Oil Price Decline In Pictures
    By on December 4, 2014 | No Comments  Comments
    In early August, I issued the following warning about oil and energy related stocks in the weekly newsletter (subscribe for free weekly e-delivery): “While oil prices have surged this year on the back of geopolitical concerns, the performance of energy stocks has far outpaced the underlying co...
  • Stray Reflections
    By on December 2, 2014 | No Comments  Comments
    Today’s Outside the Box is special, because I’m about to give you a preview of things to come at Mauldin Economics. For months now I have been saying to my partners that we need to develop a service for the professionals who read me – the financial advisors, portfolio managers, family offices...
  • Still Lower Oil Prices Ahead
    By on November 20, 2014 | No Comments  Comments
    Crude oil prices, at a four-year low, have plunged 30% in the past six months, and it looks like they are destined to fall further. In its monthly report, released Friday, the International Energy Agency said, “Our forecasts indicate that barring any new supply disruptions, downward price pressure...
  • Can Falling Energy Costs Offset Slowing Global Econom...
    By on November 10, 2014 | No Comments  Comments
    Evidence that the slowdown in global economies is beginning to affect the U.S. economy is showing up more clearly in economic reports. The Commerce Department reported this morning that the U.S. trade deficit jumped 7.6% to $43 billion in September. The culprit was a big decline in exports to impor...
  • Changing Culture: Gas Sales and Demographics
    By on July 1, 2014 | No Comments  Comments
    The Department of Energy’s Energy Information Administration (EIA) data on volume sales is over two months old when it released. The latest numbers, through mid-April, were published last week. However, despite the lag, this report offers an interesting perspective on fascinating aspects of ...
  • Why Are Food Prices So High? Because We’re Eati...
    By on June 2, 2014 | No Comments  Comments
    Regardless of what we eat, we’re actually eating oil. Anyone who buys their own groceries (as opposed to having a full-time cook handle such mundane chores) knows that the cost of basic foods keeps rising, despite the official claims that inflation is essentially near-zero. Common-sense cause...
  • Energy Stocks No Bear Refuge
    By on May 27, 2014 | No Comments  Comments
    The lofty US stock markets have stalled out, looking more and more top-heavy with each passing day.  This is spawning growing unease among prudent investors, who sense the long-overdue major selloff is nearing.  Many are seeking shelter in sectors they hope will weather the storm.  And energy sto...
  • The US Shale Oil Miracle Disappears
    By on May 26, 2014 | No Comments  Comments
    The US shale oil “miracle” has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California. As recently as yest...

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