Yes, the wealth transfer is from the concentrated to the many... The bad news is well reported and up front, the good news is unfolding... Here is a
Oil Price Poker, WSJ
From today's Wall Street Journal, http://www.wsj.com/articles/oil-price-poker-why-the-saudis-wont-fold-em-1454270904 "Unlike governments, there is no
Implied Volatility, Volume, some notes, WTI options…
WTI options on the NYMEX traded an average 235,611 contracts in January... According to their report, 156,629 traded on average in 2015... Cash
“Dogs of the Economist”…
The Economist magazine updates the larger world stock markets and compares returns from a year ago, in dollar terms... Using just the table, the
‘The big boys don’t know’ where crude is headed next…
From Ira Epstein via Yahoo News: http://news.yahoo.com/-the-big-boys-don-t-know--where-crude-is-headed-next-223353756.html# Here is the headline
Strong Hedging Protections Roll Off, IHS Says
Some good stuff from
Mean Reversion, Ugh…
Someone actually calculated a mean price for crude oil going back to the
Storage comments, panel discussion on “GCC Countries in the New Oil World”…
Last night I attended a panel discussion entitled "GCC Countries in the New Oil World" at the Center on Global Energy Policy (Columbia/SIPA)
Total U.S. Crude Stocks…
Not a market in balance... http://www.eia.gov/dnav/pet/pet_stoc_wstk_dcu_nus_w.htm