Headlines are to news what trading is to investing
Being a reader of energy-related news sites (obviously) you are no doubt aware that commentary about daily market activity is a mainstay of energy reporting. This is logical because we want to understand movements in commodity prices, production or other energy statistics, and perhaps even the second- or third-order factors that explain volatility. We […]
The mysteries of the energy business: what other industry could generate such confusion?
I don’t envy reporters that have to make a living describing what goes on in energy markets, or elsewhere for that matter. Today’s media stream is so fast and relentless that a perfectly good story published at 9 am can be obliterated in 15 minutes by anything from news of an international incident to […]
The problem with headlines, yet again: A correct random prediction does not make a new visionary
Bad headlines do incalculable damage to public discourse, because in the current world of information overload because the torrent is best managed by digesting headlines only. It is understandable that editors then go for a vivacious headline, hey it even happens at this very site, but there should be a reform school or penalty […]
Yes, OPEC gave you low gasoline prices. And they can take them away just as easily.
You might read in the news that OPEC (Organization of Petroleum Exporting Countries) has lost its power to maintain prices because of the shale revolution in US oil production. Nothing is further from the truth. The fact is that OPEC can make the swings even more violent, which is extremely upsetting for stability loving […]
Low Oil Prices: Good for your wallet but the global effects are surprising
The world is divided fairly clearly into two groups when it comes to low oil prices. One group benefits from them, that being business and individuals that consume oil somehow. Peculiarly that means almost everyone, which you would think would render my thesis nonsensical. That’s your problem, sit still for a minute. The other […]
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