Wall Street Is Pouring Money Back Into Shale
Authored by Nick Cuningham via OilPrice.com,
With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel.
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Goldman Asks: Are Markets Rationally, Or Irrationally, Exuberant?
Goldman Sachs' Charlie Himmelberg and Marty Young find evidence that "animal spirits" are driving sentiment along party lines... and that may be a concern...
The Great Western Economic Depression
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The Great Western Economic Depression
Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)
WTI/RBOB Tumble After Unexpected Build In Gasoline Inventories
Despite last week's unexpected crude draw (and product draws) WTI/RBOB has faded since (even with a lower dollar) as OPEC production cut questions trump inventories for now. However, prices tumbled immediately after API report a smaller than expected draw in crude (-840k) and an unexpected build in gasoline (+1.37mm) .
API
IBM Tumbles After Posting Lowest Revenue In 15 Years, 20th Consecutive Quarter Of Declining Sales
Last quarter, IBM almost fooled the market when it "beat" but only thanks to using the lowest effective tax rate in recent history (excluding one charge-fulled quarter when the rate was negative).