FINTAG COMMENT Oil. It runs out in 42 years time. Ish. The USA consumes 22% of the world's oil. Demand is falling rapidly for new oil and the supply in reserves is plentiful. The US demand fell over 6% last year due to the death of SUV's and flying being the preserve of the rich. Total demand globa ... Read more

It looks like we are seeing the second week of draws in crude oil and oil products.  The Department of Energy is confirming data from the EIA last night showing a second week of inventory declines after weeks and weeks of build-ups.  This is lending strength to the United States Oil (NYSE: ... Read more

Oil may have just gotten some wind taken out of its sails after flirting with $50.00 per barrel late yesterday.  The DOE just released its weekly inventory data showing another build across the board.  Crude rose another 2 million barrels to 353.3 million barrels, gasoline rose 3.2 million ... Read more

The recession has touched almost everything in the world from employment, to prices, to GDP growth to housing. Even China is seeing its economy slow. In the US, this downturn may be the worst in eight decades. One thing that hard times do is cut energy consumption. OPEC may have to reduce ... ... Read more

It wasn't too long ago that President Bush was telling us all that we have a hideous addiction to oil. But now that the barrel price has freefalled almost 50% in the last 3 months we're not the ones standing up declaring ourselves addicts anymore. While the United States was being squeezed b ... Read more

In the latest Monthly oil report from OPEC , a dreary picture was painted for the US economy. Their assessment is that economy is in the gutter, with the September unemployment rate unchanged but likely to resume its worsening trend, the ISM index down with new orders from factories falling almo ... Read more

Introduction We find ourselves in the midst of an economic crisis. Bears abound, growling about a multitude of problems including stagflation, financial failures, rising commodity prices, and capitulation to name a few. These issues are no picnic in the park, but have become so overwhelmin ... Read more

Along with the falling dollar, it bears the single most responsibility for the bull market in commodities. It possesses formidable fundamentals as demand for it is at an all time high while production capability is or already has reached its peak.  Traders use it as currency. Terrorists use i ... Read more

The last time oil traded at $100 per barrel, we advised shorting the market by selling call options. This week, oil once again traded (and closed) above this psychologically important level. Our advice? Sell more calls. As we explained on Bloomberg television this week (See full video intervi ... Read more