Over the past two weeks, the oil price fell more than 12% due to weaker demand than anticipated by the markets. Also, with the summer driving season over now in the U.S., gasoline consumption fell to 8.4 million barrels per day this week, down from 9.2 million barrels per day just…
In today’s update, I discuss where the silver price may be heading over the next few weeks. Of course, this is only a short-term horizon, but if individuals are going to watch Kitco.com or other silver price quotes every day, then it essential to know what the technicals…
As the public and investors continue to be focused on the economy and stock markets, the global energy industry is disintegrating right before their eyes, but no one seems to notice. Actually, I was quite shocked by the initial research I have been doing on what I label as the “Gutting…
The Middle East is suffering from the same problem that eventually destroys all oil-exporting nations. Unfortunately, the market seems to ignore this issue, until it’s too late. Many oil industry analysts continue to provide optimistic forecasts for future Middle East oil production while they fail to consider one of…
With the recent update from the U.S. Mint, Silver and Gold Eagle sales surged in August. While Gold Eagle sales continue even higher during August, the real explosion took place in the Silver Eagle figures. After the U.S. Mint adapted its fabrication processes to incorporate protections for employees due to…
The largest shale oil region in the United States is set to see its oil production decline in a big way. The mighty Permian shale region in Texas and New Mexico has been the leading U.S. shale oil producer in the country with over 4 million barrels per day of production…