I appeared on Fox Business yesterday in the aftermath of the OPEC meeting (all talk, no action) to discuss how the cartel may proceed going forward – including how it plays whack-a-mole with its production volumes. Hark, click on the below mugshot to launch to the clip:
Archive for the ‘Crude Oil’ Category
The line above is (mostly) taken from the poem by Samuel Taylor Coleridge, ‘The Rime of the Ancient Mariner‘. It seemed relevant when addressing the issue of water usage in hydraulic fracturing, as the poem provokes a similar range of emotions – from horror to incredulity to fascination. I haven’t set out to validate or vilify the relationship betwixt water and fracking, just present some background info. Which is this:
This morning’s appearance on CNBC’s Squawk Box sees me trying to catch a falling knife, and calling for WTI crude oil prices to bounce after their recent descent. Hark, click on the below mugshot to hear me explain the current price action, and why I think prices may rebound:
Today’s segment on Fox Business focuses on the potential that oil’s goose is cooked (for now). I may well be wrong that the $112 seen recently on WTI is the high for the year. But even if it isn’t, lower gasoline prices are in store. Which is a good thing. Hooray!