The world can only build so much storage to store extra supply; at some point demand has to eat up this extra supply.
The bigger question is why it's taken 5 since after the financial crisis to realize these big banks are bad market participants?
We bail everybody else out in this country, why not middle-class Americans via an SPR Release to counter high prices at the pump?
This earnings season is much worse as almost every single company is missing on the revenue side which is not as easily to "fix" as the EPS....
Gasoline supplies for this time of year are higher than at any time in the last 20 years. There are plenty of oil inventories. So why in the heck are consumers paying record prices right now?
“There is no cure for high prices, like high prices.” This is why the Middle East can never truly have a prolonged supply shortage. They will price their customers out of the market!
It is obvious that the oil market is out of touch with the fundamentals. But this is just my analysis, let`s hear what Oil industry executives believe.
Ben Bernanke blames fiscal policies out of Washington. However, it is starting to look more and more like Fed policy is equally to blame for the lackluster U.S. GDP growth.
The last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years of historical data. Something just doesn`t add up here...
The catch 22 is that the Fed cannot exit now without markets and asset classes free-falling with markets at hundred year highs!
Gasoline RBOB price moves are ridiculous. RBOB closes Friday above 40 cents from the price on July 1st without any major news like 5 refiners exploding, or a major hurricane...
China's GDP number should be in the 6.7% range for the quarter. This is the black swan ...
The Downward cycle is in the on deck circle warming up, and will be coming to bat soon in the Oil Market Speculation Game!
Surging shale oil production has exposed the lag in the U.S. infrastructure to transport the new domestic energy source in a safe and the most cost-efficient timely manner to the end users.
The real question is when will the Feral Hogs fix their sights on the WTI market, and take it down to $80 like they have the last two years. My guess now that they have had their fun with the Gold and Silver markets, they will start looking around for their next target.