Oil & Gas Industry // #worldeconomy // #blackswan // #finance // #investment #desktrader
Joined July 2012
- Tweets45K
- Following150
- Followers5.4K
- Likes49
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
US President Joe Biden and Saudi Crown Prince Mohammed bin Salman. A โpariahโ heโs not | #OOTT
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
#Euro on course to parity: Common currency just hit a fresh 20y low at $1.0053.
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
Good Morning from Germany where Target2 balance rose by โฌ54bn in Jun due to rising stress in Eurozone w/10y Italy risk spread temporarily jumped >240bps for 1st time since 2020. Target2 claims of Bundesbank on rest of Eurosystem now โฌ1.2tn, meaning substantial risks for Germany
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
BREAKING: German benchmark 1-year forward electricity contract surges to an all-time high above โฌ340 per MWh. At current price levels, German manufacturing is going to crumble.
Last week's @opinion column warning about the crisis: bloomberg.com/opinion/articlโฆ #Germany ๐ฉ๐ช๐๐ชซ
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
We predicted Euro zone recession and Euro going to parity shortly after Russia invaded Ukraine. Yesterday's trade deficit for Germany is a reminder how profound fallout for Germany and Europe will be. The business model of past decades - based on cheap Russian energy - is over...
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
Germany's growth model has been to import cheap energy from Russia, use that to assemble manufactured goods and export those goods to the rest of the world. While Germany now seeks new energy suppliers, its trade balance and that of the Euro zone will look ugly. That's all...
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
โOil and gas capital spending fell by over 60% between 2010 and 2020. Investment in the US shales fell by over 70%. Over that entire period, the cumulative reduction in capital spending compared to trend was more than $1 tr.โ blog.gorozen.com/blog/runninโฆ
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
OPEC Spare Capacity Is Smaller Than Market Expects: Shell CEO
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
COLUMN: Can Saudi Aramco meet its oil output promises and pump 11-12m b/d?
"Regardless of the true potential production number, one thing is clear: the days when Aramco could easily pump more and more barrels are over."
#SaudiArabia #OOTT via @opinion bloomberg.com/opinion/articlโฆ
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
All signs are beginning to show that inventory is rising in the housing market and prices have peaked.
A drop in the housing market is the final piece to the puzzle.
Itโs time to rip the bandage off and let this economic cycle take its course.
A recession is now inevitable.
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
COLUMN: European manufacturing is crumbling under the weight of sustained high electricity and gas prices.
The months-long crisis that many industrialists penciled into their plans has morphed into a years-long problem. Closures loom | via @opinion bloomberg.com/opinion/articlโฆ
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
ICYMI: I took a look at OPEC+ behind-the-curtains talks for post-August oil output increases. Spoiler: spare production capacity is coming down very, very, very fast | via @opinion #OOTT bloomberg.com/opinion/articlโฆ
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
Copper below $4 per pound, down over 24% from the highs (bear market), and down to a 16-month low tells me that โrecessionโ risks have overtaken โinflationโ risks.
#RosenbergResearch
๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ต๐ฒ๐น๐น retweeted
The median sales price of an existing home in the US has moved above $400,000 for the first time, up 44% over the last 2 years.
