United Oils of America
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Choking on China
Running Dry
The Strategic Petroleum Reserve is supposed to be our country’s emergency supply of oil for unexpected energy shocks. Instead, for years now, it has been actively drained for what I assume are political purposes (in spite of ceaseless statements that we are energy independent). In any case, we are six weeks away from having nothing left, at the current rate.
Has Oil Peaked?
I offer unto you the chart of USO, which has retraced all the way back to its price gap. It seems to me that this sucker may be out of gas.
Oil, Market Killing & Warning Shots
In my post on Tuesday 7th July I was looking at the setup for a strong rally on Oil starting and we have seen that strong rally since.
In my last post on Tuesday 14th July I was looking at the targets and resistance levels on Brent Crude (Brent) and West Texas Intermediate Crude (WTIC) and noting that both were getting close to their 3sd upper bands, and that the 89-90 area on Brent and 84-5 area on WTIC might well hold on those this week to allow the daily middle bands on both to start turning up, and for the daily bands to start expanding. Both peaked that day, spent two days forming bull flags, and have made higher highs today.
So what now?
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