Energy stocks have taken a beating the last few weeks Concerns about a worldwide resurgence of Covid 19 have raised the specter of declining economic activity and the negative potential impact on oil demand Longer-term two news items last month, one from the governor of California and one from China, probably pushed the sentiment surrounding…
Tag: Crude Oil
“In a Stock Market Like This, Anything Could Cause The Next Panic”
“It’s a race against time … Barron’s Ben Levisohn proclaims —“no one knows who is winning.” (Barron’s or WSJ subscription needed to read more) May I suggest, based on this headline, I would say fear is winning and if you have read this far my use of the Barron’s headline effectively drew you into this…
“I’m done with fossil fuel” stocks
— When I see comments like this, especially from the likes of Jim Cramer (Squawk on the Street, 2/7/20), it gives me pause. — Cramer’s ‘big call’ history is more than a bit spotty. — Flawed as the much-heralded concept of ‘peak oil’ was back in 2008, writing the obituary for thefossil fuels industry may be a bit premature. When…
Is the United States a “Stupid Country?”
People on both sides of the political spectrum, including our president, have made that assertion. Since I try not to do politics in kortsessions.com I will refrain from comment, other than to say what I see on the political front is very worrisome and that “stupid” (maybe even dangerous) could easily be used as a…
I Love the media!
If you can’t spin a story negative, don’t spin it at all. “Oil’s poised for an ugly start to 2016: analyst” This was the teaser to a story in CNBC on-line: “Oil to fall under $30 before rebounding: Analyst”. Of course, this all depends on whether you are buying or selling. Since the vast majority of the…
Session 141– What really worries me (1/12/15)
It is not the prospect of a global recession some say is lurking as evidenced by the recent sharp drop in crude oil prices. As I have said before in kortsessions, I simply don’t buy this. Lower oil prices are a huge benefit to for everyone on the planet not involved in production or supporting…