Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
“Lower For Longer”: Goldman Presents “The Shale Productivity Paradox” (Part Deux)
Look, I get it, ok?
People like to read about oil. Which in turn means there's a lot of demand for tortured analysis of oil prices - what drives them, where crude is headed, what the economics are behind this or that discrete shale play, etc. etc.
Where there's demand, they'll be supply and so month after month we get a veritable deluge of sellside research that purports to explain where things are headed. It's a valiant effort, but it all smells of goal seeking - or at least on my end it doe
I really liked your intro! Thought you captured it well, I almost read a third of your input to the article, but distracted myself when you didn’t hit on the most salient point about oil prices…they are priced in dollars (Petro-dollars) and since the dollar is strong oil is weak…I calculated the correlation at better than 95% where as supply and demand…30% best.