A Fiduciary Asset Manager for the New Economy
I believe we are sleepwalking into a major rally… oil is undersupplied by at least 500,000 barrels per day. Crude inventories are depleting and the decline curve (well depletion) never sleeps. Meanwhile, oil companies haven’t been this cheap versus the WTI spot price in 25-30 years. As for the macro, summer travel is upon us,…
Overview Over the past couple of weeks, oil prices have increased at a rapid rate. There are a lot of people who think that oil is recovering quickly due to decreased supply in the market. Many countries that produce oil want to lower production in order to drive up prices. However, other people believe that…
FMT Advisory believes oil needs to begin to rise materially no later than by the end of the first or second quarter of 2017, or else the world will be sleepwalking into a major oil supply shock. In 1973’s oil supply shock, oil increased from $3 a barrel to $12 a barrel by the end…
