Clik here to view.
A 3-Sentence Explanation Of What Crashing Oil Prices Mean For America |...
Charles Schwab’s Liz Ann Sonders offers some simple maths that puts it all into perspective. In three sentences: Consumer spending represents 68% of the US economy. Oil and gas capex represents about...
View ArticleClik here to view.
Oil prices: Where to now?
The latest newsletter from Absolute Return Partners suggests that the fall in oil prices is temporary and oil will soon recover to around $100/barrel: “All I know is that the price of oil won’t stay...
View ArticleClik here to view.
Grantham: Lower oil price is new normal | Macrobusiness
By Houses & Holes Reproduced with kind permission from Macrobusiness.com.au From Jeremy Grantham: The simplest argument for the oil price decline is for once correct. A wave of new U.S. fracking...
View ArticleClik here to view.
Global economy: No surprises
The global economy faces deflationary pressures as the vast credit expansion of the last 4 decades comes to an end. Commodity prices test their 2009 lows. Breach of support at 100 on the Dow Jones UBS...
View ArticleClik here to view.
Goldman Sachs Doubles Down On Lower-For-Longer Scenario | OilPrice.com
ZeroHedge quotes Goldman Sachs’ Jeffrey Currie: ….Not only will the macro forces keep prices under pressure, but historically markets trade near cash costs [near $50/bbl] until new incremental...
View ArticleClik here to view.
IEA: At Least Another Year Before Oil Markets Rebalance | OilPrice.com
From Art Berman at Oilprice.com: In its August Oil Market Report (OMR), the IEA revised 2nd quarter 2015 demand upward 370,000 bpd from its July estimate but also revised supply upward by 140,000 bpd....
View ArticleClik here to view.
Oil market showdown: can Russia outlast the Saudis?
Dalan McEndree writing in Oilprice.com : While the sharp decline in crude prices has saved crude consuming nations hundreds of billions of dollars, the loss in revenues has caused crude exporting...
View ArticleClik here to view.
Crude testing support
Crude futures (Light Crude December 2015 – CLZ2015) are testing support at $44.50 per barrel. Follow-through below $44.00 would signal another test of primary support at $40. Supply continues to exceed...
View ArticleClik here to view.
Janet Yellen on financial market turmoil
Federal Reserve chair Janet Yellen before the House Financial Services Committee: “…..As is always the case, the economic outlook is uncertain. Foreign economic developments, in particular, pose risks...
View ArticleClik here to view.
Where oil goes, stocks will follow
From Patrick Chovanec, Chief Strategist at Silvercrest Asset Management: …..so far this year stock market sentiment has taken many of its cues from the price of oil. On any given day, if you knew...
View ArticleClik here to view.
The Elusive Boost from Cheap Oil | Economic Research
Sylvain Leduc, Kevin Moran, and Robert J. Vigfusson in the FRBSF Economic Letter: Why has consumption not responded more to cheap oil? Clearly, the U.S. economy was buffeted by headwinds over the past...
View ArticleClik here to view.
Goldman Cuts 2017 Oil Price Forecast Due To Slower Market Rebalancing | Zero...
Goldman Sachs has cut its long-term crude oil forecasts: The inflection phase of the oil market continues to deliver its share of surprises, with low prices driving disruptions in Nigeria, higher...
View Article
