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Tim Morgan: Money and the End of Abundance

While I think the author of the following article places too much emphasis on oil, coal and gas shortages and costs as the primary cause of our economic decline, energy of all kinds (including hydro, nuclear, etc.) clearly plays a major role, so I think the article presents realistic concerns about the impact declining availability […]

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The Big, Bad Biden Oil Bust

I saw an article two days ago asking if the price of oil could go any higher. I had to read the article for only one reason: I couldn’t believe anyone was even asking if oil would keep rising, and I knew it had to be someone so wedded to chart dynamics that he couldn’t […]

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How to Invest in Oil and How NOT to Invest in Oil

With crude oil prices having gone negative, everyone and his sister is scrambling to figure out how to invest in oil and make bank where banks have failed: There must be a way to get someone to pay me to take oil off their hands so I can resell it when the world is normal again […]

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List of Seven Troubles Assailing the US Economy as We Head into Summer

The following is not simply a list of negative risks to the economy but a list of of serious economic conditions that are already placing drought-like pressures on the overall economy. This list doesn’t include the long-term structural problems with the economy, such as its high debt burden, but just the forces that have risen against it this year.

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Will Mid-March Madness Maul the Stock Market in 2017?

Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his cage.

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2017 Economic Forecast: Global Headwinds Look Like Mother of All Storms

Headwinds that are starting to assail deep structural flaws in the US and global economies form the basis for my 2017 economic forecast, which looks like an all-out economic crisis building throughout the world. Some of these headwinds are global; some more locally focused within the United States, but that which brings down the US economy wounds the world anyway. […]

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Irrational Exuberance in US Stock Market Grasps at 20K for Dow

Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession?

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OPEC Out! This week’s meeting was really a bust!

In May, I wrote an article titled “The OPEC Epoch is Over,” which pronounced OPEC officially dead and predicted oil prices would plunge again. So far, I’ve been wrong about a second perilous plunge in oil prices. However, even as market heavyweights herald this week’s OPEC meeting for pumping up oil prices, a few voices join this lightweight in […]

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Slippery Oil Prices Plunge Over Cliff into Bear Market

Oil today plunged quickly below $40 per barrel, taking oil prices down more than 20% from their high a little over a month ago. That officially defines a bear market in oil. As of today, oil has also moved below its 50-day, 100-day and 200-day moving averages. July has again turned out to be a huge disappointment for oil producers […]

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Something Dark Emerges from the Tar Pits and Oil Sands, Destroying Crude Oil Price Rally

The crude oil price rally has been completely crushed, though I’ll admit I was wrong when I predicted crude oil prices would plummet in March or April as the perfect storm developed against oil prices. Instead, they rallied. In spite of that, I continued to believe my error was in timing and not in fact […]

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Oil Market Snapshots — Will oil supply glut continue, what will happen with oil prices?

Here are several quick looks at the oil supply glut and whether it is likely to worsen, hold the same, or improve during the summer of 2016.   First, a picture of the cost of the oil supply glut   This snapshot of a major oil company epitomizes what is happening in most oil companies, big […]

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The OPEC Epoch is Over – Where are oil prices headed now?

The fate of oil companies and nations hangs in the balance of oil prices. Russia could go broke. Some think that’s by US design. Saudi Arabia could experience its Arab Spring if oil prices remain too low too long. And OPEC is dead. That’s the biggest news in this new century for oil. The House of Saud […]

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