Tag: crude
Oil Will Be An American Weapon
I took a gap year after college, and I decided to spend the winter in Jackson Hole, Wyoming. When I left from just south of Houston, I drove 700 miles the first day and spent the night in… Texas. Amarillo, to be exact. Texas is a big state. When you enter Texas from Louisiana on […]
An OPEC Deal Extension Isn’t As Simple As It Sounds
It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal–initially aired as ‘an agreement to agree on a deal’ in September and signed at the end of November—will […]
Oil Rally: Is A 2008 Repeat In The Cards?
In case you haven’t noticed, bulls are still in control of the oil market… After bottoming at $94 a barrel in late 2011, crude cruised higher to hit $110 in late February. Prices have since pulled back, but oil’s still trading north of $105… not cheap by any standards. The primary market-moving factor is the […]
