The inflation trade is on. Silver up 7% today and 15% this week. Platinum up 4%. Gold another 2%. Oil - even after bearish gasoline, distillate and inventory report, is flat and should be down in the 30's. The market is up. Interest rates are 0, and there has never been such a disconnect between employment, wages, real inflation and Wall Street. It’s hard to watch because the decision has been made by politicians (many in their 70s) to inflate house...

I remember this one time, at my old office desk, when I wrote a post that started 'Dear Concho, Pioneer, EOG, Please shut down your F'ing rigs, you are absolutely killing the industry by growing production.'  And then I went on to explain supply and demand and why more US oil wasn’t needed.  It was November 2018. That post had about 300 views in a week and it made a lot of people angry.  They said "DRW, you sold your...