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.
I appeared last night on CNBC Squawk Box in Asia to talk about oil and as it turns out, um, the color of my shirt. While they started out heckling me for it being so bright, the interview finished with me having to buy one and send it to anchor Bernie Lo (and he has to wear it on the show). Hark, click on the below mugshot to launch to part of the segment:
My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is clear, simple, and wrong‘. For there is no lack of estimates flying around as to the price level at which US shale oil production could be curtailed. The problem is, they all appear to be different. » read more
After crude prices tumbled yesterday, I jumped at the opportunity to appear on CNBC Asia to talk about how downward revisions to global oil demand growth by the IEA and OPEC discord have walloped prices. One of the anchors also gave a shout out to Energy Burrito (but not in the clip)…making my late-night adventure all the more worth it! Hark, click on the below moonlit mugshot to launch to the clip:
This morning’s lengthy appearance (it’s all relative, folks) was made into a second feature by CNBC, in a piece called ’3 reasons not to worry about energy costs….for now’. Hark, click on the below mugshot to launch to it:
Matt Smith spent his twenties working in investment management in London, before swapping his bowler hat for a banjo and moving to Louisville, KY. When he is not reading, writing (or dreaming) about financial markets, he can be found enthusing about music, red wine, spicy food, or his family. And lamenting his soccer team, West Ham.
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