Posts Tagged ‘sweet crude oil’

Tomgram: Michael Klare, Goodbye to Cheap Oil

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Tomgram: Michael Klare, Goodbye to Cheap Oil

Courtesy of Tom Engelhardt’sTomDispatch.com, with guest author Michael T. Klare

Buckle your seatbelt, you may be going nowhere — and it could be a very bumpy ride. Oil futures have just passed $71 for a barrel of "light, sweet crude oil" (sweet for energy stocks, anyway) on its way to… well, we don’t know exactly where, but it won’t feel good, not at the pump and not in the economy either. In the Midwest and scattered other locations, gas prices are already at the edge of $3.00 a gallon and the height of summer isn’t even upon us.

Much of this sudden rise has been fueled by OPEC production cuts, investor dreams of a global economic recovery (and so a heightened desire for energy), and the enthusiasm of market speculators. Explain it as you will, the price of crude, which hit a low of about $32 a barrel in December, as the planet seemed to meltdown economically, has doubled in recent months.

Oil is like the undead. Just when you think it’s gone down for the count, it rises from the grave ravenous. As Clifford Krauss of the New York Times reported recently, gas prices have risen 41 days in a row, and yet the price at the pump is still "lagging behind the increase in the price of oil." According to Tom Kloza, chief oil analyst at the Oil Price Information Service, consumers are now shelling out one billion dollars a day to keep their tanks full. (It was $1.5 billion last summer when the price of a barrel of oil hit an astronomical $147.)

Whether this is the energy version of irrational exuberance and a mini-bubble to be burst as further economic bad times hit or the reality of our near future, sooner or later, far worse is in store on the energy front, as Michael Klare, author of Rising Powers, Shrinking World: The New Geopolitics of Energy, makes clear. But don’t listen to him. Instead, check out his latest energy scoop — the real news he found buried in the most recent report from the U.S. Department of Energy, whose seers have put irrational exuberance


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Zero Hedge

ECB May Have Only €220 Billion In QE Left If The Hawks Get Their Way

Courtesy of ZeroHedge. View original post here.

After seemingly sending out trial balloons (via Bloomberg and Reuters simultaneously) on tapering last Thursday, which had almost zero impact (see “ECB Reportedly Considering Slashing QE in Half in January, EURUSD Shrugs), Draghi’s minions have been busy again.

“Central bank officials familiar with the matter” ...



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Phil's Favorites

The pull of energy markets - and legal challenges - will blunt plans to roll back EPA carbon rules

 

The pull of energy markets – and legal challenges – will blunt plans to roll back EPA carbon rules

Courtesy of Hari OsofskyPennsylvania State University and Hannah WisemanFlorida State University

Grid operators set the prices for energy markets and are structured to take the lowest prices – a disadvantage for coal and nuclear power. CC BY

On Oct. 10, EPA Administrator Scott Pruitt ...



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ValueWalk

Indo-US Obnoxious Stance On CPEC: A Critical Appraisal

By Guest Post. Originally published at ValueWalk.

Since  the beginning of work on China Pakistan Economic Corridor project (CPEC),  India is quite open in opposing this mega Project and now the US has also shown its weight behind India by saying that it too believes the route of corridor passes through a disputed territory — a reference to Northern areas of Pakistan. The statement has come at a time when Foreign Minister Khawaja Asif was in Washington and held series of talks with the US officials to normalize the tense relations. This new stance has started another debate and is undoubtedly going to further damage the bilateral ties, as it is profusely obvious now that US envision a greater role for India in the region. Pakistan and China are wo...



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Chart School

Market Cycle Top?

Courtesy of Declan.

About four years ago I went to a Bloomberg hosted talk on Market Cycles. I have been wracking my brain and Google trying to find the presentation and speaker name (which was available on line) but I thought the talk interesting enough to market in my Google calendar the date for the New Moon in October 2017, which was a focus point convergence of a number of market cycles and potentially a significant market top event (the countdown clock in the sidebar). The years have since ticked by and we are not just a couple of days from the October 2017 New Moon. The market has at least cooperated by sitting at new all-time highs but whether this evolves into a major top remains to be seen. I'm mad with myself that I can't find in my pinboard or delicious bookmarks the link so all I can say is the day will soon be upon us ...

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Insider Scoop

The BLUE And The BOLD; Analyst Suggests Pair Trade Ahead Of Year-End Catalysts

Courtesy of Benzinga.

Related BLUE 30 Stocks Moving In Monday's Mid-Day Session Benzinga's Top Upgrades, Downgrades For October 16, 2017 ...

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Digital Currencies

WTF is the Blockchain?

 

Source: TechiesPad

...

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Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

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Biotech

Circadian rhythm Nobel: what they discovered and why it matters

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

Circadian rhythm Nobel: what they discovered and why it matters

Courtesy of Sally Ferguson, CQUniversity Australia

Today, the “beautiful mechanism” of the body clock, and the group of cells in our brain where it all happens, have shot to prominence. The 2017 Nobel Prize in Physiology or Medicine has been awarded to Jeffrey C. Hall, Michael Rosbash and Michael W. Young for their work on describing the molecular cogs and wheels inside our biological clock.

In the 18th century an astronomer by the name of Jean Jacques d'Ortuous de Ma...



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Members' Corner

Day of Last Dances

News today has been relentlessly terrible. A horrific mass murder happened last night in Las Vegas. (Our politician's abject failure to address gun control is beyond sickening.) And today, reports that Tom Petty died of a heart attack, followed by reports that Tom Petty is not dead, and now reports confirming that Tom Petty has passed away. 

...

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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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