Even though flipping a coin has better forecasting skills than the dastardly groundhog, Punxsutawney Phil has unfortunately been on the money for this winter. Despite April on deck next week there is still snow on the ground (in more places than there should be), while our dearly beloved energy commodities have seen rampant demand, receding inventories, and rocketing prices. Henceforth are seven such examples:
Posts Tagged ‘gasoline demand’
Regardless of whether a market is moving up or down, there is always someone making money somewhere. There are various examples every day – be it a billionaire selling a stock short (i.e., Herbalife) or a company selling a meal short on ingredients (i.e., horsemeat economics). Some methods are legitimate, and some are not. But one thing is for sure…energy markets are by no means immune to such collusion. » read more
It’s always a blast to be on Fox Business with Melissa Francis, as you never know what she’s going to talk about next! In less than four minutes we cover many of the market ingredients that are driving oil and gasoline prices higher – from seasonality to equities to currencies, from geopolitical tension to low interest rates and a weaker dollar policy. Hark, click on the below mugshot to see how all of these ingredients are wrapped:
I have to confess, I am plagued by an affliction. The more I try and focus on the high-brow stuff, the more I am preoccupied by thoughts of the inane. Hence as I try and get my head around supply and demand in the oil market, my mind drifts off to ‘Willy Wonka and the Chocolate Factory’ to try and draw comparisons.
Previously here on the burrito we have looked at energy through the lens of everything from super-heroes to rock bands to cartoons; and today we are going to join the dots betwixt oompa loompas and energyland™. » read more