Bryan Thompson

Forecasting Energy Prices and the Impact on Stocks

Crude oil is a manipulated market, subject to the policies set by OPEC, although we underestimated its importance more recently. During the 1980s OPEC set the OGSP (Official Government Selling Price) at $18-$20/bbl (see left chart below). Some of the OPEC members cheated, loading ships with more crude than “contracted,” essentially discounting the price. This …

Forecasting Energy Prices and the Impact on Stocks Read More »

Scroll to Top