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Energy Archives | Page 6 of 6 | Elliott Wave Analytics

  • Update: The Oil Price Spike
    By on November 9, 2011 | 40 Comments40 Comments  Comments
    On July 8th, 2011 we wrote a post entitled why Oil Price Spikes Feel Worse wherein we stated that “Today, more now than ever, we are barraged with economic data of which most is lost on the average person. One data point, however, that everyone understands is the price of oil as it directly...
  • Unconventional Oil.
    By on November 1, 2011 | No Comments  Comments
    Each year a small portion of the world’s finite oil supply is drained.  And over time this annual draw has grown larger in a world that seems to be getting smaller.  As global commerce gains fluidity, the demand for this hydrocarbon appears to be insatiable.   Transportation is of course by...
  • Our Culture of Debt and Speculation.
    By on September 16, 2011 | 61 Comments61 Comments  Comments
    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...
  • Short Squeeze: Wednesday Market Recap.
    By on September 15, 2011 | No Comments  Comments
    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...
  • On That Crude Contango.
    By on September 10, 2011 | 518 Comments518 Comments  Comments
    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 ...
  • The Oil Market: Fixing A Broken Model.
    By on August 25, 2011 | 39 Comments39 Comments  Comments
    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 Are In The Same Bear Market.
    By on August 6, 2011 | 36 Comments36 Comments  Comments
    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...
  • Barrons: Get Ready for $150 Oil!
    By on July 6, 2011 | 328 Comments328 Comments  Comments
    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...
  • Why Is the IEA Tapping Strategic Reserves?
    By on July 5, 2011 | 33 Comments33 Comments  Comments
    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...
  • Crude Rate Cuts And Market Schizophrenia.
    By on June 24, 2011 | 60 Comments60 Comments  Comments
    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...

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