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Oil Can Push Higher As Cushing Stockpiles Collapse

Oil Can Push Higher As Cushing Stockpiles Collapse Crude prices will likely get a fresh boost this week, as stockpiles at the key US storage hub in Cushing, Oklahoma, risk collapsing to the lowest level (aka “tank-bottoms”) in almost a decade. Such a move would embolden those aiming for a return of $100 oil by […]

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JPM: “We Could Be Just Weeks Away From Cushing Effectively Running Out Of Crude”

JPM: “We Could Be Just Weeks Away From Cushing Effectively Running Out Of Crude” Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory – a stunning turn of events that cost traders massive losses – when the spot oil market found itself with an unprecedented glut as […]

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“There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices

“There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices One week ago, we reported that even as traders were focusing on the daily headline barrage out of OPEC members discussing whether or not they would cut production (they won’t) or merely freeze it (at fresh […]

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2 More Fracking-Related Earthquakes Hit Oklahoma Despite New Rules Meant to Prevent Them

2 More Fracking-Related Earthquakes Hit Oklahoma Despite New Rules Meant to Prevent Them Two earthquakes registering at a 4.5 and a 4.4 magnitude shook frack-happy Oklahoma on Saturday, some of the strongest felt in the state this year. The stronger quake occurred just a few miles from the city of Cushing, which holds one of the largest […]

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The Truth About U.S. Crude Storage

The Truth About U.S. Crude Storage Despite the popular narrative that we keep hearing, the U.S is not running out of crude oil storage. Yet there are those who are predicting that oil prices are going to fall to $20 or $30 a barrel, pointing to the crude oil storage numbers and suggesting that we […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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