Articles by SRSrocco


The Lousy Demand Fundamentals Point To A Lower Oil Price, But What Do The Technicals Say?

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…

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RISING DOMESTIC OIL CONSUMPTION: The Ticking Timebomb For The Middle East

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…

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