Phil Flynn

Phil Flynn

Postby Fraser921 » Mon Nov 15, 2021 7:52 pm

Crude was lower this am came back in the afternoon:

From Phil Flynn>

We believe the main reason that oil is selling off this morning is the worry that the Biden administration will make a futile and stupid gesture to lower gasoline prices. Hopefully, cooler heads will prevail. Our expectations are that whatever happens today, the market is probably getting overdone to the downside and we should see a snapback on Tuesday.

https://blog.pricegroup.com/2021/11/15/undecided-the-energy-report-11-15-2021/

This guy must be put on your daily read list

https://blog.pricegroup.com/2021/11/12/the-energy-weapon-the-energy-report-11-12-2021/
Fraser921
 
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Re: Phil Flynn

Postby Fraser921 » Tue Nov 16, 2021 2:23 pm

Perhaps the IEA should acknowledge their role in the global energy crisis when they lost their way from being an agency that represented oil-consuming nations and global economies to make sure the global economy was not hurt by a cartel cutting supply as opposed to becoming a mouthpiece from the green energy lobby.

Still, the IEA in their report put on a brave face looking to U.S. shale producers to save the world from a shortage. While U.S. production is rising, it would be rising a lot faster if the Biden administration had a coherent energy policy and did not come from a party that wants to demonize oil companies and their investors in its typical the mob-like fashion. The IEA says that the U.S. accounts for 60% of non-OPEC+ supply gains in 2022.

https://blog.pricegroup.com/2021/11/16/slipping-oil-surge-the-energy-report-11-16-2021/
Fraser921
 
Posts: 635
Joined: Mon Mar 22, 2021 11:48 am


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