4 Jan 30 2015 @ 11:43am by Matt Smith in Crude Oil, Economy, risk management

Chuck Bucks!

The price drop we have seen at the pump in recent months has been nothing short of spectacular. It has provided the equivalent of a huge tax cut to the US consumer, considerably boosting disposable income (chuck bucks!*). But as my fellow countryman Geoffrey Chaucer said some 640 years ago, all good things must come to an end. So as retail gasoline prices begin their seasonal ascent, let us assess the impact of their precipitous plunge, and what it means looking ahead:  » 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

0 Jan 13 2015 @ 12:46pm by Matt Smith in Crude Oil

File Under: Giving Directions

A phone call on my way to work this morning signaled a last-minute appearance on CNBC’s Squawk Box, answering the tough questions about where oil is heading and why. Hark, click on the below mugshot to launch to the clip:

 

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.