The Bullish And Bearish Case For Oil
In this article we look at both sides of the argument for the price of oil for the remainder of 2018 and going into 2019.
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This Chart Says to Be Open to Better than Expected Market Outcomes
The following article was written by Chris Ciovacco of Ciovacco Capital Management in it he looks at overtime hours, and compares current values to previous recessions. It has been reprinted by permission.
This Chart Says to Be Open to Better than Expected Market Outcomes Read More »
Is the Current Highly Volatile Market Really Bearish?
In the following article, Chris Ciovacco of Ciovacco Capital Management looks at the current market volatility compared to similar occurrences in past years to determine how much risk is in the market today.
Price Action Year-to-Date:- What Can We Learn from History?
Reference Points Provide Context
A December 2016 post highlighted similarities between late 2016/early 2017 and the 1994-1995 period. The analogy proved useful in 2017 with stocks posting a rare low-volatility year that featured a strong bullish trend, which compared very favorably with the strong-gains/low-volatility year of 1995.
Is the Current Highly Volatile Market Really Bearish? Read More »
Is Guyana Prepared For An Oil Boom?
It’s pretty much common knowledge that Socialism has destroyed the economy of Venezuela despite its abundance of oil. But we don’t hear much about its neighbor Guyana. One might guess that if Venezuela has oil Guyana might be similarly blessed. And it might finally be beginning its own oil boom. Today’s article by Viktor Katona for Oilprice.com looks at Guyana’s coming oil boom.
Is Guyana Prepared For An Oil Boom? Read More »
Oil Market Fears: War, Default And Nuclear Weapons
Although the U.S. oil situation is on the upswing there are a variety of factors affecting a number of other countries like Iran, Iraq, Saudi Arabia, Venezuela, and Russia, that could lead to instability in the world oil market. In today’s article by Nick Cunningham of Oilprice.com we will look at a few of the possibilities
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Why The Next Oil Boom Will Be Fueled By Blockchain
The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It’s official: Blockchain technology has infiltrated Big Oil. The hype behind blockchain has reached a full-blown frenzy. And for good reason.
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A Correction or a New Bear Market?
Corrections are a normal part of any “Bull Market” and a 10% correction is necessary every now and then to shake out the “weak hands”. Even a 20% correction can be no cause for worry. Today Chris Ciovacco of Ciovacco Capital Management looks at the recent correction and where the market now stands. Are we in for a new bear market or is this just business as usual for a bull market correction?
A Correction or a New Bear Market? Read More »
Clean Oil That Only Costs $20 per Barrel?
Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies.
The proof is in the numbers. In 2017, the United States averaged 9.3 million bpd. This year, the EIA predicts that U.S. oil and gas production will reach record levels, averaging 10.3 million barrels bpd to surpass the record reached in 1970 (9.6 million bpd).
Clean Oil That Only Costs $20 per Barrel? Read More »
Oil Prices Ravaged By Financial Turmoil
The steady decline of the U.S. dollar has helped drive up crude prices for weeks, but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.
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Could Oil Go to $100 a Barrel by 2019?
As we all know, gas and oil prices are a major component of inflation so a spike in oil prices could have a serious effect on prices overall. From 2012-2015 oil prices peaked several times around $100 per barrel but then in 2016 they fell dramatically to around $30. In 2017 they recovered slightly to hover around their long term average price of $43. Today Irina Slav of Oilprice.com looks at the possibility of oil prices returning to the $100 level.
Could Oil Go to $100 a Barrel by 2019? Read More »