Low oil prices have brought OPEC and Russia to the brink of partnership, but don’t expect this new closeness to radically raise oil prices. Here’s what the real impact will be.
McCarthy has expressed several specific energy policy recommendations.
The U.S. Energy Information Administration just released its latest report on oil. And although I’m no conspiracy theorist, what’s going on with oil prices has all the earmarks of a setup.
In its monthly report released on Monday, OPEC indicated it is now willing to discuss production levels with other non-OPEC countries.
Investing in natural gas is going to be a major source of energy profits in years to come.
But to know where the profits are, you must understand how the industry is evolving.
There’s a wrinkle emerging that may provide us with some flexibility moving forward. You see, the cost of new debt (if companies can even acquire it) is becoming prohibitive.
The oil sector was rocked by the People’s Bank of China’s (PBOC) decision to cut the value of the Chinese currency, the yuan, by 2%.
Oil prices are declining once again. Small oil operators are hurting. Throughout the decades, these small E&P outfits have endured market downswings, vicious weather, and profit constrictions.
But this year all these crises have come at once.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
There is a “perfect storm” brewing in the energy sector, only in the minds of those who created it.
The conflict between OPEC and U.S. shale/tight oil producers has entered a new phase. And the result has been an accelerated decline in the price of oil.