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Passing On The Permian: Has The Bubble Grown Too Big?
Submitted by Nick Cunningham via OilPrice.com,
Has the Permian Basin become too hot? More companies and enormous sums of capital continue to flood into West Texas to take advantage of the most prolific shale basin in North America. Rig counts are showing no sign of slowing down and new deals in the Permian are announced on what seems like a weekly basis. However, will the Permian bubble deflate?
New Oil Inventory Record Tomorrow (Video)
By EconMatters
We check out the API Report leading into the EIA Oil Report Tomorrow, and it appears we will set a new Oil Inventory Record Tomorrow Morning. So much for those OPEC cuts; I would hate to experience where Oil Inventories would be without those vaunted OPEC Production Cuts!
https://www.youtube.com/watch?v=iqYFtBr9D5g
Goldman Sachs Stock Is Up 50 Percent in 6 Months (Video)
By EconMatters
RBC: "This Is The $1 Trillion Question On Our Clients' Minds"
With Dennis Gartman seemingly correct this time, and the market not only melting up, but in full "blow off top" mode, traders can only sit back and watch in quiet amazement how nothing can lead to even the most nominal of downticks.