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Just over one year ago, Casey Research’s energy guru Marin Katusa made a bet – I believe at an investment conference – with Porter Stansberry about the price of oil. The over/under was…get this…$40. Marin joins us today to accept his trophy, and also invite you to a webinar he’s hosting about the prospects of […]
A new report from the International Energy Agency expresses perhaps the most bullish “official” outlook on US energy production in recent memory. The IEA projects US oil production to surpass Saudi Arabia’s by 2017, ultimately resulting with the US as a net exporter of oil by 2030. By around 2020, the United States is projected […]
Last week on Frank Curzio’s S&A Investor Podcast, Porter Stansberry predicted that the current flood of natural gas to the market would drive the price of oil down below $40 per barrel. Respected energy analyst Marin Katusa of Casey Research begged to differ – and offered up this rebuttal, which I’m republishing for you here. […]
The Saudis would prefer to see triple-digit oil here to stay, The Financial Times reports: Ali Naimi, the powerful Saudi oil minister, said the world’s largest oil producer aimed to “stabilize” oil prices slightly below the current level of $111 a barrel. “Our wish and hope is we can stabilise this oil price and keep it […]
by Josh Saunders, Great Pacific Trading Company Oil continues to mirror the run up in the stock market. The financial cheerleaders continue to talk the markets higher all the while failing to mention that oil has snuck back to nearly $100 a barrel. To make matters worse, Brent Crude is trading at $112 a barrel. As […]
30 Million Barrels – A Drop In The Bucket by Carl Swenlin Last week the administration released 30 million barrels of crude from the nation’s strategic reserve. This represents about a day-and-a-half of our current usage, so it is really just a drop in the bucket and not likely to have a significant effect on […]
Energy expert Matt Badiali writes in DailyWealth that plans out of China and India to create strategic oil reserves of their own could put a floor under the price of oil for years to come: China and India are faced with the same dilemma the U.S. faced in 1973. Neither country has enough petroleum to […]
The protests and social unrest in Egypt have provided an additional tailwind to crude prices over the past week (and we should note that crude had already rallied to two-year highs before the demonstrations began). Even before the hysterics began in Egypt, the trend in oil was UP. (Source: StockCharts.com) Walk (and Protest) Like an Egyptian […]
Over the longer haul, many of us believe that oil is heading higher. If you subscribe to the peak oil theory, or at least some derivation of it, this trend is basically regarded as fact. But for the shorter term, oil may be due for some degree of pullback. Speculative longs on the black goo […]
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