www.ONN.tv asks Hightower “Who makes money on $36 oil?”

CHICAGO--(BUSINESS WIRE)--On www.ONN.tv’s Mark2Market Futures channel Monday, host Kevin Cook dug deep for the inside scoop on energy and commodities with renowned expert David Hightower. The two began by looking at what gold futures and Japanese yen futures are indicating in the current flight to quality. Cook also shows a weekly chart of the yellow metal going back to Q2 2006 to highlight the area of technical support it bounced off of in October and November. And Hightower explains why U.S. Treasury securities may be falling due to perceptions about credit quality and the possibility of default in this new environment of trillion-dollar deficits.

Cook and Hightower then explore the fascinating dynamics of energy “cost of production,” showing a graphic of the various production sources and where they are able to make a profit. Hightower, whose firm www.Futures-Research.com specializes in analyzing the raw data of commodity production and consumption as well as the forces of supply and demand on price, points out that below about $36 per barrel many producers are cut out of the profit equation, leaving the Middle East in primary control of the market. The accompanying graphic provides a vivid snapshot of the complexities of oil production and how many different sources of petroleum-based energy come into play between $40 and $60.

The interview can be found under the “Energy and Commodities” tab on the Mark2Market channel or through this link:

http://link.brightcove.com/services/link/bcpid1653591038/bclid8809077001/bctid9132205001

Mark2Market programming is exclusively sponsored by Mirus Futures.

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