Is a Second OPEC Cut In The Cards?

In November 2016 with great fanfare, OPEC announced a production cut in an effort to drive up prices in light of the massive global supply glut, partially the result of U.S. shale oil flooding the market. This supply glut had put every Oil producing … [Read more...]

Are Oil Production Costs Rising or Falling?

Oil Majors' Costs Have Risen 66% Since 2011 The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures … [Read more...]

The Oil War Just Getting Started

Let the battle begin. OPEC is trying to cut production and drive prices up while U.S. Shale Oil producers are seeing the increase in oil prices as an opportunity to get back in the game. More oil rigs are coming on line in the U.S. accompanied by … [Read more...]

Oil Prices Running Out Of Reasons To Rally?

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from … [Read more...]

Oil Prices High Enough to Spark Shale Rebound

U.S. Shale Is Now Cash Flow Neutral - What that means is that Operating Cash flow is finally covering the cost of Capex (i.e. Capital Expenditures - an expense is a capital expenditure when the asset is a newly purchased capital asset or an … [Read more...]

Could A Lithium Shortage De-Rail The Electric Car Boom?

We've gone electric, and there's no going back at this point. Lithium is our new fuel, but like fossil fuels, the reserves we're currently tapping into are finite—and that's what investors can take to the bank. You may think lithium got too … [Read more...]

Surprise Natural Gas Draw-down Signals Higher Prices Ahead

The U.S. electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected. The … [Read more...]

Move Over Oil – Lithium Is The Future

Just a few years ago, we would have scoffed at the idea that electric vehicles could be mainstream anytime soon, or that the global appetite for lithium-ion batteries and mass power storage would be so voracious, and so sudden. Today, no one is … [Read more...]

Gold is Back in the LimeLight

As you can see in the chart to the left courtesy of GoldSeek.com after a precipitous drop in November 2015 gold bottomed near $1,000/oz in December. But then in January and February everything changed. Gold went from a "Barbarous Relic" to a store of … [Read more...]

Mish on Oil, Lithium, Uber and More

Has oil seen the bottom? Where oil will be by Christmas 2016? Are lower oil prices a boon or bane for the economy? Will Electric Cars and Uber hurt or stimulate the economy?  In an exclusive interview, Oilprice.com talked to  award-winning economic … [Read more...]