TalkMarkets Comments | #oil - Page 1


Energy Report: Unions Have Been Had
Kurt Benson 2/12/2021 3:54:17 PM

The price of #oil has rebounded back to pre-pandemic levels. If #Biden won't allow #Putin to run frackers out of business like Cheeto did, perhaps the price will approach $80 bbl again in a year or so. We get it from your articles that you dislike Biden. He's your opening gripe in every single one. Perhaps a new angle complaining about Putin flooding the market again like he was doing before the plague would be a refreshing angle? Putin is a much bigger problem for frackers then Joe not allowing more fracking on federal lands. If Putin gets his way again, no American oil companies will be fracking anywhere, and the price will be $35 bbl again.

Big Trouble For The Big Three U.S. Oil Companies: Financial Disaster In Its Domestic Oil & Gas Sector
John F. Donaldson 5/24/2020 12:03:37 PM

So if oil stays at 10 19 or 25 yes $XOM is in trouble. But no one thinks $WTI will be that low for long. #Oil is trading mid 30s right now and if it trades above 40 in the upcoming weeks. XOM and its dividend will be just fine.

The Oil Futures Crash Is A Warning To Gold Speculators
Dick Kaplan 4/27/2020 9:43:50 PM

Not related at all. Demand for #gold is going up while demand for #oil plummets.

WTI Crude Oil Forecast: Likely To Recover In Short-Term
Carol D. Richards 1/21/2020 6:15:49 AM

So you are saying that #oil will either go up, or it will go down? Hmm...

Today's Move In WTI Crude Could Mean Trouble For The Canadian Dollar
Mike Faragut 9/11/2019 3:16:58 AM

Thanks Moon Kil Woong, what kind of time frame do you think we are looking at for a rise in #oil?

OPEC Collapse Likely, Warns Iran's Oil Minister
Barry Glassman 5/3/2019 2:33:58 PM

Sounds more like a lot of talk. I doubt #OPEC will collapse any time soon - if they do, they'll never be able to control the price of #oil again.

How Low Can The Market Go?
Moon Kil Woong 12/26/2018 5:11:18 AM

Sadly the market can go much lower, especially since oil collapsed soon after #Trump begged Saudi Arabia to lower oil which is now lower partially to kill US #oil production increases. As a warning to Trump, be careful what you ask for. US oil drillers should be furious besides big oil. Exxon and Shell are fine regardless of where oil goes in the short term. Expect Texas and other oil states to hurt.

Although oil isn't the main factor in the decline, it certainly will affect the US going forward. It is also a proxy for US health going forward. If Americans cut oil production that bodes poorly for consumption of everything else.

The Big Surge
Joe Black 10/18/2018 2:44:08 PM

What kind of impact, if any, do you think the Saudi's murder of Jamal Khashoggi will have on #oil?

Natural Gas Storage Deficit To 5-Year Average Widens Further
Beating Buffett 10/5/2018 1:18:00 PM

That’s okay - the Wall Street liberals are convinced that #natgas is a waste byproduct from #oil #fracking. There’s no shortage.

Start the Trade War Without Me…
Moon Kil Woong 10/4/2018 3:09:37 AM

One thing that is doing well in the #tradewar so far is #oil. And with Iran in the crosshairs of the US the price of oil will most likely keep rising. It is disingenuous to expect Saudi Arabia to bring oil prices down. The US massive deficit has insured oil will go up in dollar terms and the US itself has been the country upping production to keep oil prices in check for quite some time. The point is, one can't snap their finger and increase supply. The Mid-East has been draining their reserves to keep oil flowing at the current levels. They can't do much else in the short term and maybe not the long term either.

Crude Oil: Continues To Hold Onto Upside Pressure, Targets 71.63
Moon Kil Woong 9/23/2018 4:05:49 AM

It's positive that #oil is holding up after the summer driving season. There is a lot of risk in betting on its downside right now given the Mideast and continued demand growth from Asia and SE Asia.

World Trade Is Slowing, Perhaps Even Shrinking. This Is A Bad Sign
Moon Kil Woong 9/22/2018 3:57:27 PM

This is concerning despite being insulated from the effects by a stimulus package in the US with relatively no spending cuts. The main hurt is being generated in 3rd world countries that don't benefit from China outsourcing and losing manufacturing jobs to SE Asia. #TradeWars are never good and would look worse except for Europe's link up with Asian suppliers, a gradual rise in #oil prices, and the fact the US is still buying heavily from China despite the #TradeWar #tariffs.

Apple Just Became The First Trillion Dollar Public Company
Dick Kaplan 8/8/2018 1:41:27 AM

Actually, an #Oil company became the first 1T company back in 2007... but it quickly went down after that.

Strong Dollar Could Cap Oil Prices
Moon Kil Woong 7/27/2018 2:37:18 PM

However, Mid East tensions and actions can always counter this. The issue is #oil is rising despite a stronger dollar which is a bit worrisome.

Brent Oil Price Analysis - Friday, July 27
Moon Kil Woong 7/27/2018 2:36:07 PM

#Oil prices are rising despite the dollar firming up. If the dollar falls there will be real inflationary pressure which might justify some of the actions to try to get Saudi Arabia to ship more oil. Trying to get them to ship more oil and tapping our reserves already is foolish because we have no way to alleviate the pain if something really goes wrong.

Durable Goods Orders Down Second Month: Very Ugly Numbers Excluding Defense
Moon Kil Woong 6/27/2018 6:20:58 PM

Don't expect big pickups as #oil prices rise and #tradewar uncertainty saps the market. One is easily fixable and the other looks to say for the long haul. Oil prices are not going down anytime soon. Even Saudi Arabia can't reverse the trend which is being driven by rising Asian demand.

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