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Big Sale on Oil! Limited Time Only!

WTI Brent Crude price decline EIA

SOURCE: US EIA, Bloomberg, CME Group That’s the real headline from the geopolitical reaction to falling oil prices. In the past falling world oil prices have provoked a meeting of the OPEC oil ministers who would agree to and announce a cartel cut in production targets to bring down supply levels to match demand. Then the ministers would fly home on their private jets and cheat hoping some other OPEC member would take the production cut medicine so they would not get sick. Too often that …Continue Reading »

Between an Argentine Shale Rock and Hard place

Shale Gas South America

You must admit there is a certain irony in reports out of Argentina by none other than the newly named CEO of YPF, (NYSE: YPF) Miguel Galuccio, that his company has found a significant shale deposit waiting to be developed and if he can do so it will make Argentina s significant exporter of oil and natural gas. What’s the irony? YPF is the company that Argentina recently seized from Spain’s Grupo Repsol and nationalized. The action created a huge international dispute and Repsol’s demand …Continue Reading »