Ay, There’s the Rube

Oil is often viewed as a proxy for economic health.  In a growing economy, energy consumption increases.  This increased demand generally pressures prices higher.  Likewise, a decline in oil prices often accompanies declining demand. That’s a greatly oversimplified view, of course.  It ignores such important issues such as Middle East tensions, weather and refinery anomalies, … continue reading →

Update on Oil: Sep 20, 2012

Oil has tumbled the past few days, begging the question “what about QE3?”  It was supposed to prop up commodity prices.  There are many competing theories as to the influence of elections, Saudi assistance, etc.  But, the bottom line is CL had tagged some important channel lines and simply corrected. There are some pretty obvious … continue reading →