Energy Market: Bearish and Overdone [View article]
When I hear things such as the "fundamentals are bearish" it's hard to imagine the speaker understands what bearish..or fundamentals mean. There has been a very temporary blue sky period for oil supply...a period of perfect weather, subdued geopolitical threat, and few wanting to focus on the very poor oil/gas supply fundamentals..Those real "fundamentals" speak to reserves being used 3 times faster than discoveries are made...and a group of suppliers ready, willing and able to stiff their contractual partners or disrupt chains of supply for an indefinite period.
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When I hear things such as the "fundamentals are bearish" it's hard to imagine the speaker understands what bearish..or fundamentals mean. There has been a very temporary blue sky period for oil supply...a period of perfect weather, subdued geopolitical threat, and few wanting to focus on the very poor oil/gas supply fundamentals..Those real "fundamentals" speak to reserves being used 3 times faster than discoveries are made...and a group of suppliers ready, willing and able to stiff their contractual partners or disrupt chains of supply for an indefinite period.
Jan 05 22:33 pm
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All Comments by Greg Pinelli »Energy Market: Bearish and Overdone [View article]