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
Posts Tagged ‘gasoline’
Unfortunately my flight to New York was canceled yesterday (although it was probably for the best…), so this morning’s appearance on CNBC’s Squawk Box was done via satellite, and with blue skies to boot. Hark, click on the below mug shot to hear my take on the potential impact from Hurricane Sandy on refineries, and the current price pressure at the pump seen in the Northeast. Take care, y’all.
Happy Friday 13th! And it is indeed turning out to be an unlucky day for markets, as credit downgrades to European countries have scuppered the goodwill that had been carefully constructed in the last week.
Crude had already been pressured back into double-digitdom by the likely delay to an oil embargo on Iran by the EU, while natural gas has plundered lower and lower on moderate weather outlooks, and both rampant storage surpluses and supply. But enough from me, let’s hit the treats. » read more
Happy Halloween weekend, as we make it to the end of another week. General markets have surprisingly been shy of both scares and bears, as the cup of positive sentiment overfloweth after European leaders managed to defer their problems carve out a last minute agreement to halve the value of Greek debt and inflate the Euro bailout fund to €1 trillion (whoop! whoop! let’s party!). The crude complex has rallied like a banshee on hope, hope, and hope², while natural gas has seen a stronger December contract roll onto the board and run higher as the first bout of winter (hark, snow for NY) hits the US. Enjoy the weekend, enjoy the frights; but for now..burrito bites: » read more
In the last week I have been doing some digging into the topic of flight. But rather than just throw out some random facts, I figured I’d make you do the work. So here are ten questions from which you simply need to decide what form of transport it relates to: aviation or automobile. There is even a bonus question at the end with a chance to win a prize. If that’s not enough of an incentive to make you read on, then, err…don’t. Grab a pen, and let’s play! » read more