Welcome to Oil Club

Welcome to Oil Club

The first rule of Oil Club is that supply balances price and demand. The second rule of Oil Club is that SUPPLY balances price and demand! The third rule of Oil Club is that if someone pumps above their quota, we increase supply. In the olden days—as far back as...
European Banks: Less Rizz*, More Value

European Banks: Less Rizz*, More Value

The banks of Europe—including the UK (no offense!)—are doing great. A few weeks ago, the FT commented that measured by the 47 banks included in the European Stoxx 600 index, the total return and net dividends have outperformed the top US tech stocks known as the...