• Twitter
Generic selectors
Exact matches only
Search in title
Search in content
  • Roger S. Conrad

The Big Picture

By Elliott H. Gue on Nov. 26, 2012

The health and trajectory of the global economy play a key role in determining the supply-demand balance for energy prices.

Although developed economies such as the US and Western Europe contribute little to incremental growth in global oil demand, these end-markets still account for a substantial proportion of global energy consumption. We expect the US economy to expand by 2 percent to 3 percent in 2013–assuming that President Obama and Congressional leaders eke out a compromise to avoid the so-called fiscal cliff–while trends in recession-hit EU should at least stabilize over the next 12 months.

More important, Chinese authorities successfully engineered a soft landing for the Mainland economy, setting the quintessential emerging market on the path to grow its gross domestic product at a sustainable annual rate of 7 percent to 8 percent.

This forecast for steady, if unspectacular economic growth, informs our base case for oil prices.

Energy & Income Advisor

Your complete guide to energy investing, from growth stocks to high-yielders.

In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.

Subscribe today to receive a sample issue of EIA
  • Live Chat with

    Elliott and Roger on Aug. 31, 2021

  • Portfolios & Ratings

    • Model Portfolios

      Balanced portfolios of energy stocks for aggressive and conservative investors.

    • Producers and Drillers

      Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.

    • MLPs and Midstream

      Our assessment of every energy-related master limited partnership.

    • International Coverage

      Roger Conrad’s coverage of more than 70 dividend-paying energy names.


    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor