The oil price’s price action today traded as we forecasted in our Gold Member Metals & Market Update yesterday. While forecasts don’t happen exactly all the time, the oil price fell right in line with the “Technical Analysis Script”… to a TEE. Actually, it was quite amazing to see it…
It’s Official. The collapse of U.S. shale oil production has begun. The mighty Shale Oil BOOM has now finally turned into a BUST. While the pandemic shutdowns sped up the process, the collapse of the U.S. shale industry was going to occur, regardless. According to the U.S. Energy Information…
There’s one simple chart that destroys the entire “GREEN” Energy Myth. However, most people have no idea about this chart’s implications because they don’t look at the data. With a Democratic Presidency taking over the Whitehouse next year, the U.S. will likely start to seriously ramp up Renewable…
The peak of the U.S. Oil Refining Industry has finally arrived. After more than a century of expanding U.S. refining capacity, we are now witnessing a contraction that will turn into a steady disintegration over the next several decades. More than a half-dozen U.S. refineries have announced closures…
According to the Washington Post article published yesterday, Denmark was the first major oil-producing country to announce a deadline to end oil extraction. While this may sound like a “Victory” for the Green Energy Movement, there’s a catch. While Denmark announced that it would end…
The surge in the gold and silver prices today was the result of the large Dollar sell-off. The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals. Gold was up $40…