More from Logan:
- With oil prices down, there’s a risk of lower production, capital investment by energy companies.
- Repeats a common comment, that at all banks should be set up to use the discount window
- Healthy banks should use the discount window
On oil production, the Trump administration’s has touted the idea of drill, drill, drill and may have swayed OPEC plots to increase production in his quest to get prices of oil and gas lower. He often cites gas at less than $2, but not sure I have seen that. AAA has the average price at $3.10 to $3.20.
The Baker Hughes rig count has been trending lower and is down at multi year lows
This article was written by Greg Michalowski at www.forexlive.com.
