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Oil Company Headquarters Make a Powerful Statement

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The Lakhta Center in St. Petersburg, Russia, will be the new headquarters of Gazprom.CreditCreditAnton Vaganov\TASS, via Getty Images   Striking headquarters have long been synonymous with energy companies for canny, unabashedly capitalist reasons, said Marc Kushner, a partner at the architecture firm Hollwich Kushner. “Great architecture by great architects is a way to physically manifest […]

Hedge Fund Legend Ray Dalio On The Economy


Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for understanding debt crises, which he says helped him and his fund foresee and navigate the financial crisis.

World Economy At Risk Of Another Financial Crash

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Debt is above 2008 level and failure to reform banking system could trigger crisis…   The floor of the New York stock exchange in September 2008. Photograph: Richard Drew/AP The world economy is at risk of another financial meltdown, following the failure of governments and regulators to push through all the reforms  needed to protect the […]

Never Underestimate The Power Of Big Oil

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I became a shareholder of Chevron CVX +0.28% Corp (NYSE:CVX) when it acquired the former Texaco, which I believe was the first stock I ever bought. I was fresh out of business school and made an investment in Texaco’s dividend reinvestment plan, and I’m happy to report that I literally make more in dividends every […]

It’s The Oil, Stupid


Summary Rising crude prices have grabbed headlines of late and it’s important to understand how oil factors into what some analysts are calling “cyclical melt-up 2.0”. There’s a connection here to the vaunted “convergence” trade. It’s tempting to ascribe the relationship between crude and bonds to inflation expectations. But one bank thinks that’s not a […]

Will the Dollar – Oil correlation get back into gear


Quotable “Formula for success: rise early, work hard, strike oil.” –J. Paul Getty  Commentary & Analysis Chart Analysis/Comments/Guesses: During the hay days of the US-China symbiotic commodities for shrinking dollar boom there was an extremely tight negative correlation between the US dollar and oil prices, i.e. as the US dollar pushed lower and lower into […]

Don’t Believe The Hype – Oil Prices Aren’t Going Back To $100


The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil. Even President Trump has gotten involved, demanding that OPEC ramp up production to send oil prices lower before they start to weigh on US consumer spending, […]

Even the people with the most to gain from $100-a-barrel oil have a lot to lose


Another eye in the back of your head might be useful this week. Investors are watching the trade situation, a two-day Fed meeting that starts Tuesday, rising bond yields and now, climbing oil prices. LCOX8, -0.45%  was pushing $82 a barrel early Tuesday, extending its climb to a four-year high from Monday. Gains came after […]

Financial Experts Predict Crash Under Trump Greater than Depression


Financial experts noted several ominous economic indicators, including skyrocketing student loans and U.S. household debts, that could predict a crash “worse than the Great Depression,” according to a report in the New York Post. Goldman Sachs predicted that this year’s U.S. fiscal outlook would be “not good,” and that U.S. household debt had been increasing since the 2008 housing crisis […]

There’s Still A Future For Nuclear Power

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The world is consuming ever-growing amounts of energy, and consumption is set for a particularly intensive growth in electricity. Put simply, people are going to need more electricity in the years to come as we shift away from fossil fuels. This fast growth will require more generation capacity, some of which will be nuclear. In […]

The next financial crash is imminent, and China’s resource crisis could be the trigger


China’s economic slowdown could be a key trigger of the coming global financial crisis, but one of its core drivers — China’s dwindling supplies of cheap domestic energy — is little understood by mainstream economists. All eyes are on China as the world braces itself for what a growing number of financial analysts warn could be another global economic […]

Dollar, Oil Take ‘Counterintuitive’ Market Paths


In “Futures In Focus,” Paul Nolte, portfolio manager at Kingsview Asset Management, examines the dollar, oil prices, and Treasuries. He speaks with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.” (Source: Bloomberg)

No Fracking Way: Debt-Laden Shale Producers May Unleash The Next Financial Crisis

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After nearly two decades of horizontal drilling, fracking – as it is commonly known, has “turned the energy world upside down,” according to Journalist Bethany McLean, a former Goldman Sachs analyst-turned-journalist. And according to a new op-ed in the New York Times, McLean has a warning for anyone betting the farm on the shale industry; beware. In a […]

The History of Gold-Oil Ratios: 1970-2018

The History of Gold-Oil Ratios: 1970-2018 thumbnail

Today I document and analyze gold and oil prices and their ratios from January 1970 to August 2018. This is the second part of our research and analysis on gold-oil ratios since World War II.   As a reminder, we use monthly average London gold prices provided by and monthly average oil prices for […]

Are Oil and Gas Executives Overpaid?


(Today’s post is co-authored by Catherine Hausman, an assistant professor at the University of Michigan and Ph.D. graduate of UC Berkeley.) New Energy Institute study finds that U.S. oil and gas executives are “paid-for-luck,” with executive compensation increasing significantly during periods of high oil prices.   Crude oil prices are now near $70 per barrel, […]

The Biggest Threat To The Oil And Gas Industry


Trump’s trade war is taking a toll on the oil and gas industry. There has been some eleventh-hour drama over the renegotiation of NAFTA, but the energy industry is likely going to dodge a bullet on that front, with the most contentious issues revolving around agriculture and automobiles. But even if the NAFTA renegotiation succeeds, […]

Where Will The Next Crisis Come From?

Where Will The Next Crisis Come From? thumbnail

Key Points It’s been 10 years since a U.S. financial shock turned into a crisis in the global financial, market and economic system. A shock turns into a crisis when the system is unprepared for it. The system is often at its most vulnerable near the end of the global economic cycle when excesses have […]

The US Dollar Will Collapse Next Week – Peter Schiff


The catalyst for the rise in gold and the decline in the dollar, I believe, was the dovish speech given by Jerome Powell today in Jackson Hole. Whether or not the speech is perceived as dovishly as I believe it is, I think we’re going to have to see if we are going to get […]

Saudi Arabia Calls Off Aramco IPO, Disbands Advisors

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Two years ago, when the Aramco IPO was first floated, bankers on Wall Street declared a week-long fee orgy: after all, the $1+ trillion IPO – the biggest in history – was going to result in an underwriting fee bonanza. However, it was not meant to be, and last October the first reports emerged that the IPO […]

No Seller – Not Even China – Can Disrupt US By Selling Treasurys…But The “Why” Ain’t Good

No Seller – Not Even China – Can Disrupt US By Selling Treasurys…But The “Why” Ain’t Good thumbnail

I often read that China may retaliate against US trade sanctions by further decreasing their US Treasury holdings, sending Treasury yields significantly higher, thus blowing out US deficit spending on interest payments.  Trouble is, Chinese Treasury holdings peaked in 2014 (on an annualized basis) and have been declining since.  The Chinese have not only ceased accumulating US […]

Oil Is Losing Its Grip Over the Currencies of Top Energy Producers


Oil’s typically a key driver of the world economy, and an indicator of the industrial cycle. Higher prices can act as a drag on global growth while enriching nations who suck it out of the soil. When other drivers such as politics take hold of their currencies, crude can become a useful diversifier for a […]

At Iran’s Risk, Trump Is Winning Over Fastest Growing Oil Market


One of Iran’s biggest oil customers is buying more U.S. crude as President Donald Trump sticks to his pledge to squeeze the Persian Gulf nation’s energy trade. State-run refiner Indian Oil Corp., which had been buying U.S. crude in the spot market, signed a term tender to purchase American oil for delivery every month between […]

Boom over: The industry that was spending $10000 a minute has reached its peak


At the peak of the LNG construction boom, oil and gas company Santos was spending about $10,000 a minute over seven years to bring its $25 billion Queensland-based Gladstone LNG project online. But the days of new gas mega-projects being built is over as the industry shifts into a new gear of producing gas, says […]

The State of Fossil Fuel According to World Petroleum Council

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The World Petroleum Council: How to Finish the Race with Limited Gas There is this saying that if you fuel your journey with fear and doubt, you are surely going to run out of gas. But fret not, the road is just sometimes fraught with uncharted terrains and bumps. This month’s issue features an exclusive […]

Aramco’s Next Plan To Raise Billions Of Dollars


The Aramco IPO may now be history, put on indefinite hold several weeks ago, but Saudi Arabia’s funding needs have never been greater. As a result, 32-year-old Crown Prince Mohammed bin Salman, aka MbS, has come up with a “novel” scheme to raise tens of billions for the government. According to the WSJ, the de […]

Iran’s rial hits record-low 100,000 to the dollar


Iran’s currency hit a record low on Sunday of 100,000 rials to the dollar amid a deepening economic crisis and the imminent return of full US sanctions. The unofficial rate stood at 102,000 rials by midday, according to Bonbast, one of the most reliable sites for tracking the Iranian currency. The rate was confirmed by […]

Big Oil Is Raking in Cash

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The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to generate enough cash to pay dividends and still have plenty left […]

Houston To Overtake Cushing As Key Hub


Houston is emerging as one of the great oil hubs in the world, and pretty soon it will be outfitted with an oil futures contract, which could cement its position. Intercontinental Exchange Inc. (ICE) announced plans to launch an oil futures with physical delivery in Houston, and the contract could launch as soon as this […]

Houston Is a Big Energy Hub, So Why Not Price Oil Futures There?


Houston is set to get its own oil futures, a sign of the city’s growing importance as the U.S. sends more crude abroad. Intercontinental Exchange Inc. ICE 0.66% is planning a new crude futures contract with physical delivery in Houston, the company said Tuesday. The contract will provide traders with direct access to Houston prices. […]

Oil and Gas Industry Survival Tips


Advice is abundant on social media. Need a restaurant recommendation for your next date night or the name of a good electrician to install your new ceiling fan? Post a query to your Facebook page and you might get multiple suggestions in a matter of minutes. Need pointers on which keywords to include in your […]

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