Is $10 Oil on The Horizon?

Is $10 Oil on The Horizon?

According to a number of cognitive scientists, mankind uses its unique ability to reason primarily for justifying pre-held convictions, rather than for forming convictions. It is of critical importance for strategists to understand and acknowledge this human tendency,...
Luongo: Oil Unimpressed with OPEC Production Cut

Luongo: Oil Unimpressed with OPEC Production Cut

For a long time, I’ve been handicapping the end of OPEC’s ability to set oil prices.  With each passing year the cartel has had a harder time pushing prices where it wanted or, in some cases, needed them to go. The actions of the Trump administration to push domestic...
Oil Market Meltdown Sends Energy Stocks Crashing

Oil Market Meltdown Sends Energy Stocks Crashing

The market meltdown continued on Thursday, with stocks across the board in retreat. Oil prices were down more than 4 percent in early trading, falling to their lowest levels in more than a year. WTI plunged below $47 per barrel, and at the time of this writing, Brent...