ELAM: Crude oil prices on the rise
While the trend cannot be said to have reversed there are positive signs of ExxonMobil and Chevron trying to put in a bottom. The...
ELAM: Market soars, mood is mixed
The House of Representatives cannot pass legislation or hold onto a Speaker but it’s getting good at impeaching Presidents.
Kim Strassel, Potomac Watch WSJ
Negative mood...
ELAM: Stocks rally back, EVs not so much
We have no evidence Chevron and others are doing what they need to do (lower emissions).
John Kerry at the Dubai Climate Summit
U.S. coal emissions...
ELAM: Best rally since 2022
China has a difficult economic problem. I don’t think it will cause China to invade Taiwan.
President Joe Biden after meeting with President Xi
As a...
ELAM: Rates hit new highs
Our prediction of higher oil prices from the $70 level worked well. Crude exceeded $90 this week. It is looking a bit toppy now...
ELAM: Oil gets walloped
Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 4-month low and gasoline sinking to an 11-month low.
Barchart.com,...
ELAM: It’s 1968 all over again
Crude oil WTIC peaked a year ago in June around $120-130. It spent twelve months falling to its 200 week Moving Average (MA) then...
ELAM: The New AxisEV reality sets in
People are finally seeing reality.
Toyota Chairman Akio Toyoda
Mr. Toyoda has stated for years that the auto industry should not go all in on EVs...
ELAM: The New Axis
The New Axis consists of Russia, China, and Iran. The second string includes North Korea, Syria, Cuba, and other bad actors around the world....
ELAM: Interest rates soar
Ten Year Treasuries hit 4.8% for the first time since 2007.
The Wall Street Journal
Interest rates bottomed in March 2020. They have soared since. Thirty-year...