I introduced my oil indicator, which I am still perfecting, here, at the moment it is still turning higher.
My longer term view, found here, but in the short term I expect prices to trade to around $60US/bbl.
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The Peak Oil argument refuses to die. Today it has morphed into the Peak Conventional Oil argument. There are parts of the argument I agree with such as any finite resource will eventually run out, either due to regulation or over production, however, this is not what is happening right now. Humans are pessimistic […]
No CommentsThe reason oil companies have gone bankrupt over the past few years is not due to “historically low oil and natural gas prices” as stated in this article. Here is a long term inflation adjusted price chart: MacroTrends Does the current price look historically low on an inflation adjusted basis? Here is the chart not adjusted […]
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