The U.S. Strategic Petroleum Reserve sale shows just how strong the U.S. energy market is.
Phil Flynn is senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. He is one of the world's leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. His precise and timely forecasts have come to be in great demand by industry and media worldwide and his impressive career goes back almost three decades, gaining attention with his market calls and energetic personality as writer of The Energy Report. You can contact Phil by phone at (888) 264-5665 or by email at pflynn Learn even more on our website at www.pricegroup.com.@pricegroup.com.
Size matters in the global oil markets.
One thing to remember about all of this predicted doom and gloom is the last time Brent crude dipped into bear market territory, it was a lot closer to the bottom than the top.
If the Fed cuts rates, it could increase what you pay for gas and even impact the cost of goods.
Drone shoot downs and seized tankers escalate in the Strait of Hormuz.
The bottom line is the growth in U.S. energy has not only been economically sound policy, but it also has served the environment well. Yet it won’t be enough for some Democrats who want to declare a 'climate emergency.'
Oh sure, U.S. shale producers have been prolific with oil production, but not so much with actually making profits.
One of the oldest and largest refineries on the East Coast is closing.
Over 30 percent of US daily supplies of petroleum and liquified natural gas go through the waterway.
Oh, sure you might say that the natural gas sector is beaten and battered, and its best days are behind it. Of course that’s also what they said about the Cowboys in 1989.