A visit from the fiscal cliff

A new winter storm
Was starting to brew
With declining distillates
The bears became few.

And then, in a twinkling,
Prices shot through the roof
And now it was the bears
That had the burden of proof.

Heating oil drew,
And was turning around,
And even the RBOB
Started turning around.

The traders had better start
Covering their puts,
As the weather premium
Could make the downside caput.

It seems that oil
Is back on an upward track,
Despite more production
As we continue to frack.

I know how the fracking
Has made some people wary
Because shooting liquid in rock
To some seems quite scary.

Yet producing more oil
Helps our economy grow,
And that is much better
Than sending OPEC our dough.

Riches come out
From those pipes underneath,
And soon time
It will make our gas prices cheap.

With more natural gas
Our air won’t be smelly,
and we can send our exports to China
And even New Delhi.

We can drill in the sand
Oor the continental shelf.
We can drill in the rock
I get giddy myself!

We can drill with our
New oil platform beds
And forget about peak oil,
We have nothing to dread.

And with fracking
We see continuing perks.
We will fix our economy
And put people to work.

The stock market should rally
How far could it go? 
The U.S. economy
Will put in a low!

With oil exports
Stocks could rise like down of a thistle
Or even as high
As a rocketing missile. 

Our soldiers are fighting
In lands far away,
And we should remember
To pray for them each passing day.

It is for freedom
that they are putting up this incredible fight.
So to them and all of you,
Merry Christmas and good night!

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About the Author
Phil Flynn

Senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. He is one of the world's leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. His precise and timely forecasts have come to be in great demand by industry and media worldwide and his impressive career goes back almost three decades, gaining attention with his market calls and energetic personality as writer of The Energy Report. You can contact Phil by phone at (888) 264-5665 or by email at pflynn@pricegroup.com. Learn even more on our website at www.pricegroup.com.

 

Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The information presented by The PRICE Futures Group is from sources believed to be reliable and all information reported is subject to change without notice.


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