Commodity Trends

straits of Hormuz

The Oil Crisis Saudi Arabia Can’t Solve

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Quelling fears in the market is the right thing to do, but reality also needs to be addressed. Nasr’s message is that of an oil company CEO, taking all precautions to deal with a calamity. ADNOC’s Sultan will be doing the same. Still, the oil market is at present a victim of geopolitical power projections of emotional leaders superseding rationality. This confrontation is one of a possibly unprecedented order, not for oil (as skeptics again will state) but with oil as a weapon for defeat or survival. The continuing reference to the Iran-Iraq tanker war during 1980-1988 is out of touch with reality. At this time, it is not going to be Iran denying support or trade with Iraq, but a possible Arab-Iranian confrontation, led by the USA if no countermeasures are being implemented.

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Shale Well Timetable

Weakening Shale Productivity “VERY Bullish” For Oil Prices

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After years of improvements in drilling techniques and impressive “efficiency gains,” there is now evidence that the U.S. shale industry is reaching the end of the road on Well productivity.

A report earlier this month from Raymond James & Associates finds that the U.S. shale industry may be struggling to achieve further productivity gains. If these improvements begin to fizzle out, it could result in “an inflection point in future global oil supply/demand balances,” the investment bank said.

Oil well productivity is “tracking WAY below our model,” analysts Marshall Adkins and John Freeman wrote in the report. They note that U.S. oil production is up less than 100,000 BPD over the first seven months of 2019, compared to the 600,000-BPD increase over the same period in 2018.

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Asteroid Mining

Asteroid Mining: Science Fiction or Science?

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From the beginning of the genre of Science-Fiction, authors have dreamed of valiant spacemen and spacewomen (perhaps along with a few space pirates)  venturing out into the asteroid belt and mining precious minerals and bringing them back to a mineral starved earth. As with other Sci-fi inventions like StarTrek flip phones um… I mean communicators… science might be catching up with fiction. In the following article, Joao Peixe of Oilprice.com makes the case for the feasibility of mining the asteroid belt coming soon to a spaceport near you. ~Tim McMahon, editor.

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the Golden Opulence Sundae

From Ice Cream To Toilet Seats: The Most Bizarre Uses For Gold

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Since the days of Cleopatra, humankind’s desire to use gold in ever more bizarre ways seems to have grown stronger by the day, with food often the primary target of this creativity. Today, gold appears to have conquered cuisine, with everything from gold-covered ice cream, to gold tacos, Indian tandoori and even 24-carat-covered gold steaks.

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Radioactive Drum

Turning Nuclear Waste into “Perpetual” Batteries

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Since the beginning of Nuclear power, the problem has been how to dispose of the radioactive waste. By refining this radioactive waste, then compressing it into a diamond and then surrounding it with a non-radioactive diamond this becomes an economical way to dispose of it. But the interesting thing about it is that the researchers found that in the process these radioactive diamonds become miniature batteries.

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4 Precious Metals to Consider

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A variety of factors, including worries about the US dollar, inflation, the stock market and trade sanctions have led people to consider alternative investments for their future. Precious metals have always been an alternative due to their negative correlation to other markets. This means that often when stocks or currencies are falling precious metals are rising.  There are 4 precious metals to consider for investment and to secure retirement.

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Oil & Chemicals

Merger Mania: The World’s Largest Oil Company And Petrochemical Company Merge

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In the following article from  OilPrice.com we see a major merger in the works to expand Saudi Aramco from just energy into chemical products. In previous articles we’ve discussed the possibility that Saudi Arabia is looking for alternative revenue streams as the world shifts toward renewable energy. 

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Oil Fallen

The $32 Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).

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