Tag Archives: Black Swan

The Financialized-Oil Dominoes Are Toppling

The drop in oil revenues has triggered a self-reinforcing feedback dynamic. Oil is not just something that is refined into fuel–it is capital, collateral, debt and risk. In other words, it is intrinsically financial. As I noted in The Oil-Drenched … Continue reading

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The Oil-Drenched Black Swan, Part 4: The Head-Fake Disruption Ahead

Add these factors up and we conclude there is no visible price limit on oil after supply falters. I’ve been discussing the concept of an Oil Head-Fake since 2008, most recently inThe Oil Head-Fake: The Illusion that Lower Oil Prices Are Positive (September … Continue reading

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The Oil-Drenched Black Swan, Part 1

Given the presumed 17% expansion of the global economy since 2009, the tiny increases in production could not possibly flood the world in oil unless demand has cratered. The term Black Swan shows up in all sorts of discussions, but what does … Continue reading

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