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Archive for the ‘Global Energy’ Category

2 Feb 18 2015 @ 12:59pm by Matt Smith in Crude Oil, Global Energy

The US Crude Conundrum

The current US oil market is in the midst of a slugfest reminiscent of a Rocky fight, as competing influences face off against one another. In one corner we have rising US shale oil production, while in the opposing corner we have a precipitously falling rig count. Out of this duking duo, one is going to provide a sucker punch to prices. The question is….which? » read more

4 Feb 10 2015 @ 9:57pm by Matt Smith in Global Energy, Natural Gas, risk management


Despite an unrelenting focus on the recent rout in oil, there have been a number of other significant swoonings across commodityland™ which have also been rather noteworthy. This played out naturally in my head as ‘noily’ (aka, ‘not about oil’…although, as we know, everything is interlinked).

As it turns out, noil is actually a word – meaning a short fiber left over from spinning silk. Trying to find an istockphoto image of said noil, this picture of a gnarly alpaca showed up instead. I then looked up ‘no oil’, and an alpaca image showed up again. Fate it would seem. So here is a post which is not about spinning silk, gnarly alpacas, or oil. » read more

2 Jan 27 2015 @ 5:39am by Matt Smith in Crude Oil, Global Energy

File Under: Rig Counts, Capex and Company Consolidation

It was a late night for me as I appeared on CNBC Asia to respond to OPEC Secretary-General El-Badri’s comments that oil prices are bottoming out. His concerns about a lack of investment in the oil and gas sector seem a more legitimate argument, something we discuss via companies cutting their capital expenditures and a falling rig count. Hark, click on the below mugshot to launch to the clip:

3 Jan 20 2015 @ 11:16pm by Matt Smith in Crude Oil, Economy, Global Energy

What I Think About When I Think About Crude

Japanese novelist Haruki Murakami was so consumed by running he combined two of his loves to write a book called ‘What I Talk About When I Talk About Running‘. Although an odd concept, it’s actually quite a compelling read.  Not only did I think this title was really great (although paraphrased from Raymond Carver), but it also reminded me of my own rather obsessive compulsions. So here are some of the things that I currently think about when I think about crude oil. » read more

3 Jan 2 2015 @ 7:30am by Matt Smith in Crude Oil, Global Energy

File Under: 378 Million Dollars a Day

Happy New Year!! I hit the ground running for 2015, appearing on CNBC’s Squawk Box first thing this morning to break down how much the US consumer is saving per day due to lower gasoline prices (drum roll…….$378 million). I also explain how the lifting of fuel subsidies is mitigating the impact of lower oil prices on a global basis. Hark, click on the below mugshot to launch to part of the interview.