Commodity Trends

Where Will Oil Prices Be in 2020?

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The oil industry is notoriously cyclical. Perhaps because it takes so long to bring new supply on-line. As prices rise and the industry blossoms the oil machinery kicks into gear. Independants locate the oil and the fields get bought up by majors who bring it into production, this boosts supply. And then when the supply hits the market, prices go down, small over-leveraged players get squeezed and then go bankrupt, and exploration dries up. Eventually, this causes supply to slacken and prices begin rising again. And the cycle continues. In today’s article we’ll look at where oil prices could be 3 years on as increased demand meets Saudi production cuts and shale-oil production increases.

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Big Oil Betting On Electric Vehicles?

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I’ve been enamored with electric vehicles since long before they were commercially available. Way back in 1975, Mechanix Illustrated featured the “Urba Town car” and offered plans to build your own Electric Car. It required removing the body from a VW bug, and building a new cool looking body out of fiberglass. I spent a whopping $20, (which was much more valuable back then, not just because of inflation but because I was a poor college student without a job). It even had an option of adding a generator and making it a hybrid. Unfortunately, I never got around to using the plans but over the years I’ve enjoyed reading about quite a few successful conversions of various vehicles and I followed Tesla’s rise to fame in the electric vehicle market with marked enthusiasm hoping to one day, own one myself. Well, today Jon LeSage of Oilprice.com tells us that the electric vehicle may have finally reached the Tipping Point and other experts saying “By 2020 there will be over 120 different models of EV across the spectrum,” . ~Tim McMahon, editor.

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Futuristic Advances to Ancient Materials

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“Everything that can be invented has been invented.” This quote has been mistakenly attributed to Charles Holland Duell commissioner of the United States Patent and Trademark Office from 1898 to 1901. The advance of technology has grown exponentially since then and some major inventions like the personal computer have transformed our lives to such an extent that

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Delaware Currency

America & Money: Cool Facts About the History of Our Monetary System

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Since 1776, many things have changed dramatically in America. One of the most drastic series of changes has been in the way we conduct transactions using money. Believe it or not, the monetary system that is in place today would be almost completely unrecognizable to the founding fathers. Here are some cool facts about the history of our monetary system.

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Oil Tanker

Is a Second OPEC Cut In The Cards?

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In November 2016 with great fanfare OPEC announced a cut in production 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 country in fiscal straits (since most of the governments derive a substantial portion of their revenues from oil). It also squeezed the private U.S. shale oil producers who had racked up significant debt prior to the oil price crash. In the months since we have published several articles pertaining to the price of oil. Initially OPEC’s production cut drove up oil prices but in Oil Prices High Enough to Spark Shale Rebound we showed that Shale production was capping the oil price gains.

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Gold Prices Inching Higher

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Several factors determine the U.S. price of gold. Inflation, market uncertainty (i.e. worry), the value of the Dollar compared to other currencies (a falling dollar increases the gold price), supply and demand. Market supply can come from three sources: mining, scrap (people selling jewelry to raise cash), and Central banks selling reserves. Demand can come from industrial and commercial sources and investment demand (i.e. people hedging against uncertainty or expecting a rise in gold prices). Recently, overall market and political uncertainty in the world is rising while the Dollar is falling.

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The Oil War Just Getting Started

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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 increased drilling activity. BP’s 2017 Energy outlook is saying there is plenty of oil until at least 2050 but this includes an estimate that oil demand will slow in the coming years.

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Oil Prices Running Out Of Reasons To Rally?

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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 speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam.

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