Tuesday screencast: oil outlook
- May 24th, 2011
Oil prices are always being tugged between short-term demand and long-term supply expectations. Over the long-run it seems that most, if not all, of the “easy” oil finds have been made leaving behind heavy oil that requires more capital and technological progress to make it feasible to extract. In the short-term demand trends can overwhelm these long-term supply concerns. After a strong run oil prices have pulled back, but now defenders are looking again for higher oil prices. This call is dependent upon the global economy at least holding its own in here. In today’s screencast a look at the oil economy.
Items mentioned in the above screencast:
The era of cheap oil is over. (WSJ)
Goldman needs to get its story straight. (TRB)
A look at how energy stocks have traded relative to the rest of the market. (All Star Charts)
Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. If you click on my Amazon.com links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Abnormal Returns has over its seven-year life become a fixture in the financial blogosphere. Over thousands of posts we have striven to bring the best of the financial blogosphere to readers. In that time the idea of a “forecast-free investment blog” remains as useful as it did six years ago. More »
- Thursday links: no actionable information
- Wednesday links: losing their legitimacy
- Tuesday links: reinventing the wheel
- Monday links: mushy rhetoric
- Sunday links: an enlightening event
- Top clicks this week on Abnormal Returns
- Saturday links: staying private longer
- Friday links: exercising your strengths
- Thursday links: understanding Wall Street
- 6 Essential Principles from Pragmatic Capitalism by Cullen Roche