Chris Temple from The National Investor – Wed 27 Nov, 2019

A close look at the oil sector – Price, Supply/Demand, and Major Players That Will Drive 2020

Chris Temple kicks off today by focusing on the energy sector and more specifically oil. The oil sector has been boring all year after peaking in late April at $66/barrel and trading in a range the rest of the year. We look at the supply/demand metrics as well as discuss the balance of power that has shifted in the past few years. No longer just an OPEC news driven market now that the US plays a bigger role. However we need to be aware of potential bankruptcies of US companies that could shake the sector.

Click here to visit Chris’s website and read over his 2020 outlook article.

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Comments:
  1. On November 27, 2019 at 9:37 am,
    David says:

    Chris:
    Do you think there is an organized scheme within the banking and investment areas to drive oil producer share price down, as well as the price of oil, in order to force bankruptcies of the liquidity sensitive companies and then the banks and managed money pick up the leases at discount prices and corner the US oil market among large oil producers and money interests?

    • On November 27, 2019 at 1:21 pm,
      Temple says:

      I don’t know that I see that. The only concerted effort to date IMO was all the financers playing “extend and pretend” together 3 – 4 years ago to keep all their bets from imploding. This time around, I think it will be every man for himself. Wise investors may be looking to pick up worthwhile assets/companies off the scrap heap.

  2. On November 27, 2019 at 9:50 am,
    markedtofuture says:
  3. On November 27, 2019 at 12:06 pm,
    David says:

    Obama: Remember that he was the leading Dem candidate in his first election in taking money from Wall Street. Later Hillary was. Obama also filled his cabinet and appointed positions with Goldman Sachs and filled the PPT with people like the head of Fidelity and the CEO of General Electric. Also remember that Biden was his VP who had strong ties to Delaware banks and corporate interests. Currently, Biden is a favorite of Wall Street and when the Ukraine surfaced, Bloomberg jumps in.
    On The Other Hand, Bernie won’t accept Wall Street money or that of Special Interests and has “point blank” said Wall Street should be in jail for their corruption.
    It make sense that Obama would oppose Bernie. Also remember that Obama would not appoint Warren the head of Consumer Protection as it was a threat to the banks and their efforts to scam the Citizens. Do you see a pattern explaining why the “Socialism” tag is thrown all over to scare voters. Who are the bad guys and who is stealing the US Treasury by getting bailouts to cover their negligent fraudulent banking practices and detivative thefts.

    • On November 27, 2019 at 1:22 pm,
      Temple says:

      Good points — Obama was 110% Establishment. More sober and legit progressives long since outed him as a phony.

    • On November 27, 2019 at 1:59 pm,
      Matthew says:

      The elite want collectivism regardless of the form. What they don’t want is to give back powers that they’ve spent decades centralizing into their hands. This is why we’ve experienced a steady erosion of individual rights with a focus on destroying property rights. The ownership of things is an illusion if we do not own ourselves and very, very few of us own ourselves at this point.

      Obama/Hilary, Bush/Trump are no threat to the international collectivists and neither is Bernie. The planners will be very happy when the mainstream is ready for Bernie since he would only expand government control over our lives and increase the already massive and ongoing wealth redistribution that we’ve gotten used to.

      I think the desired conclusion is exactly yours: that socialism is not so bad AND that it is very different than what we have. Remember that the media is elite-owned and knows it is hated so the way that they compare and contrast Bernie and the rest relies on a lot of reverse psychology. The elite win as long as these false choices are the only ones entertained. They lose if the masses start to figure out how they’ve been had and are now slaves. So they will not allow anyone who credibly promotes a RETURN to free markets complete with the rule of law, which has been completely absent for a long time. The multinationals have stolen market share from main street and they used government to do so. Government+those who control you so the “private” Federal Reserve is included and indeed paramount. They hate competition and the rule of law (a level playing field) so they are indeed collectivists, not capitalists.

      Ludwig von Mises was absolutely right: “‘The market system is the basis of our civilization. Its only alternative is the Führer principle.”

      • On November 27, 2019 at 2:02 pm,
        Matthew says:
      • On November 27, 2019 at 2:03 pm,
        Matthew says:

        Typo: “Government=those who control you…”

        • On November 27, 2019 at 2:10 pm,
          David says:

          It’s that Fuhrer that appears to be in vogue.

          • On November 27, 2019 at 2:28 pm,
            Matthew says:

            Yes, and it is the hallmark of the left. Classical liberals like Mises represent the exact opposite. Interestingly, the real liberals that we now have to distinguish with the word “classical” are considered right-wing extremists by today’s totalitarian liberal-in-name only, leftists.
            Collectivism and wealth redistribution are the key to identifying all the various collectivists (including socialists) and that puts the neocons on the left. They do not defend individual rights or promote decentralization except in frivolous ways. They are statists all the way just like the worst that the left has to offer. They believe that the individual is to be sacrificed for the greater good just like all totalitarians.

            Free book:
            https://bernieiswrong.com/

  4. On November 27, 2019 at 2:13 pm,
    b says:

    Thats about it Mat.
    Thing is, very few people see it, the people actually like the idea of socialism.

    imo the direction we are headed is obvious, the question becomes whats the best way to protect ourselves and families.

    I dont see any point in attempting to educate anyone, I do think it a worthy goal, I just dont see it having any affect.

  5. On November 27, 2019 at 3:52 pm,
    markedtofuture says:

    The Banksters, HUD & DOD will have to cough up the missing $21 trillion to cover pension funds. Catherine Austin Fitts – Deceleration of Dollar Integrity Significant & Serious

    https://www.youtube.com/watch?v=WaP67PnF_v8

  6. On November 27, 2019 at 6:17 pm,
    Excelsior says:

    (UUUU) (EFR) Energy Fuels: I Need Your Clothes, Your Boots, And Your Uranium Mill.

    Curious Investor, Crux Contributer – 4th November 2019

    Investing In Uranium: the Secret Recipe,-,The three ingredients are as follows:

    “An experienced management team who have a proven track record for every process: mining, refinement and sale.”

    “Sufficient liquid assets to enable the company to survive until prices take an upturn.
    A genuine asset(s), not something purported to be an asset (such as a licence) that in reality is more restrictive to a company than beneficial.”

    “Energy Fuels, the leading U.S. producer of uranium and potential producer of vanadium, has all three, but, perhaps most interestingly of all, it has an ace up its sleeve that is likely to be a real game-changer. ”

    https://cruxinvestor.com/opinions/energy-fuels-patience-is-a-virtue/

    • On November 27, 2019 at 6:42 pm,
      Excelsior says:

      “When first mined, Uranium isn’t functional for nuclear energy or military use; it needs to be enriched to ≈20% for power and ≈85% for military use. The enrichment process requires the mined uranium ore to be processed in a mill. Energy Fuels own the only ‘fully-licensed and operating conventional uranium mill in the United States.’ (4). This means in the event of a uranium price increase they are the only company ready to go into production immediately. It also means that any competitor will be restricted at their leisure; companies will have to pay Energy Fuels for use of their mill, or face expensive shipping expenses to mills in foreign countries. Energy Fuels will also have control of the timescale of other companies’ uranium production. Chalmers has positioned the company strongly with an undeniable leg-up on the competition.”

  7. On November 27, 2019 at 6:39 pm,
    Excelsior says:
  8. On November 28, 2019 at 4:45 am,
    Excelsior says:

    Gold M&A, Financing and More: Mines and Money London, Day 2

    Charlotte McLeod – November 26th, 2019

    Gold M&A — including the Kirkland Lake/Detour Gold deal — and other topics were in focus on day two of Mines and Money London.

    https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/gold-ma-financing-mines-money-london/

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