Just about everyone has heard something about the " revolution' in shale oil. Hydraulic fracturing (fracking) of rock formations unique to the United States offers the promise of cheap and abundant energy, terrific economic growth and jobs " lots of jobs. But in 2014, something went terribly wrong with this rosy scenario of " Saudi America" : A unexpected collapse in the price of oil that's bankrupting the oil patch, destroying jobs and threatening any plans of a renewable energy future. What happened? Why has this miracle " revolution' generated so many losers and so few winners? Why isn't the United States any closer to energy independence than it was before oil from shale was even imagined? What can be done to put the markets and the industry right so that shale can deliver on even some of what's been promised?
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Dan Dicker has devoted over 30 years to expanding his knowledge and developing a unique perspective of the energy markets. After graduating from State University of New York at Stony Brook, Dan joined the floor at the New York Mercantile Exchange, where he traded his own accounts in energy futures: crude oil, natural gas, gasoline and heating oil.
Dan’s focus and deep understanding of the financial energy markets gave him unique insights which enabled him to find value in exploration & production, refining and other energy sector stocks. Earlier in his career Dan designed and supervised the introduction of the NYMEX PJM electricity futures contract which was the basis of Nymex’s resurgence in the clearing of power market contracts.
As a licensed commodities trade advisor, Dan is widely recognized for his expertise in fundamental and technical analysis of the energy markets: supply and demand statistics (DOE, EIA), CFTC trade reportage, volume and open interest, trends, Stochastics, Bollinger Bands, Elliot Wave theory, bar & tick charting and Japanese candlesticks plus outright, intermarket and intramarket spreads and cracks.
Starting in 2002, Dan Dicker has appeared as an energy analyst with all the major financial news networks including: CNBC, Bloomberg US and UK and CNNfn. Dan is the author of many energy articles published in NYMEX and other energy trade journals and was the featured cover story in the October 2013 issue of Futures magazine. He is a regular columnist at Jim Cramer’s TheStreet.com and RealMoney.com and is also a trade analyst and contributor at Oilprice.com.
Dan is the author of two books on the energy markets: “Shale Boom, Shale Bust: The Myth of Saudi America,” published in 2014, and “Oil’s Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy,” which was named to Bloomberg/Business Week’s top business book titles list in 2011.
Dan lives with his wife and family in New York.