Category: Oil Prices

If Oil Prices Are Negative, Why Aren’t They Paying Me To Fill The Tank?

Negative Interest, Oil Prices, Retirement

My wife Jo is a proud farm girl, growing up in rural Indiana. Like many midwestern farmers, they receive oil royalties for wells on their land. Having passed down through many generations, each share is nice, but not enough to fly first class. Jo came into my office with a very concerned look on her face. She asked, “I just […]

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When you are over the barrel, the goal is to get off the barrel

Chevy SSR, Earth Policy Institute, Oil Prices, OPEC, Retirement

My Marine Corps drill instructor said it best, “When you are over the barrel being flogged, your goal is to get off the barrel and punish your captor so no one will ever think about doing it again.” Do we have a problem? Bloomberg recently quoted spokesmen from Goldman Sachs and Morgan Stanley predicting oil prices could drop to $20/bbl. or […]

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