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  • Why US Gas Will Never Replace Russian Gas For Europe
    By on April 21, 2014 | No Comments  Comments
    Recent entreaties by various US politicians to help wean Europe off of Russian gas are simply preposterous.  The numbers don’t add up, and they never will. Let’s begin with the facts: 16% of natural gas consumed in Europe flows through Ukraine Mar 14, 2014 Europe, including all EU me...
  • Changing Culture: Gasoline Sales and Demographics
    By on February 27, 2014 | No Comments  Comments
    The Department of Energy’s Energy Information Administration (EIA) data on volume sales is over two months old when it released. The latest numbers, through mid-December, were published yesterday. However, despite the lag, this report offers an interesting perspective on fascinating aspects ...
  • Brent Oil Faces Headwinds In 2014
    By on January 19, 2014 | No Comments  Comments
    In reviewing the EIA weekly petroleum report, the oil imports figure came in at 6.889 (Million Barrels per Day) for the week ending 01/10/14. This number compared to a year ago 8.030 (Million Barrels per Day) puts a nice cap on the downtrend which really started gaining steam in 2010 onward. Compare...
  • Next Big Move Inflation or Deflation?
    By on January 14, 2014 | No Comments  Comments
    On a day the the job report was much lower than expected and has caused a few to ponder if the economy is slowing down or if growth will remain strong. The CRB index has formed a multi-year pennant pattern which is about to end.   CLICK ON CHART TO ENLARGE The trillion dollar question remains, wil...
  • The Energy Sector and US Markets
    By on January 12, 2014 | No Comments  Comments
    Investors may be underestimating the power of America’s oil and natural gas industry evolution.The US is producing more oil today than ever. It has abundant natural gas and growing production. Quantities of natural gas and oil are likely to increase for many years. Nearly all of this productio...
  • Crude Oil: Chop, Chop, Chop!
    By on January 6, 2014 | No Comments  Comments
    The chart for USO (U.S. Oil Fund) has been confusing for some time.  Most recently USO rallied sharply from its November low, only to drop sharply from its December high, taking back nearly all of the gains. Typical action over the last year is that sharp price changes in one direction are followed...
  • Relaxing Oil Export Ban Bad News For US Consumers
    By on December 27, 2013 | No Comments  Comments
    The US is producing much more energy domestically the last decade in all forms from natural gas to crude oil with a myriad of boutique products along the way, and so it is natural for producers to want to maximize profits by expanding their marketplace. Free Markets haven`t been Free for a long ...
  • Too Much Oil: US Storage To Exceed 400M Threshold
    By on December 4, 2013 | No Comments  Comments
    A year ago oil in storage stood at 374.1 million barrels, and with another robust year of domestic production, and despite curtailed imports, the US Oil Inventory stands at 391.4 million barrels and climbing. We are still technically in the building season for oil supplies which peaked in late May j...
  • Changing Culture: Gasoline Sales and Demographics
    By on August 26, 2013 | No Comments  Comments
    The Department of Energy’s Energy Information Administration (EIA) data on volume sales is over two months old when it released. The latest numbers, through mid-June, were published today. However, despite the lag, this report offers an interesting perspective on fascinating aspects of the U...
  • Changing Culture: Demographics and Gasoline Sales
    By on July 24, 2013 | No Comments  Comments
    The Department of Energy’s Energy Information Administration (EIA) data on volume sales is over two months old when it released. The latest numbers, through mid-May, were published today. However, despite the lag, this report offers an interesting perspective on fascinating aspects of the US...
  • US Oil Imports Hit 13 Year Lows!
    By on July 23, 2013 | No Comments  Comments
    Oil imports are trending down and stand approximately 7.5 million barrels per day, which is the lowest level since the year 2000. This number hit its highest on a 4-week average basis of around 10.5 million barrels being imported back in 2006. This is a reduction of 3 million barrels per day, and w...
  • Consumer Adjusted Oil Prices Hit $120!
    By on July 15, 2013 | No Comments  Comments
    The sweltering summer temperatures aren’t the only thing heating up this summer.  Oil prices have been surging over the past month as tensions in the Middle East have fostered a breakout of a long term consolidation pattern as shown in the chart below. Today, more now than ever, we are barra...
  • Oil: The Next Major Commodity To Crash?
    By on July 1, 2013 | No Comments  Comments
    We have seen how Gold and Silver were viciously attacked by the shorts this past week, and surprisingly Oil escaped the carnage which is interesting because in April Oil was taken down to the $86 level during the last attack on the Gold and Silver markets.  This is even stranger considering the fu...
  • Is Oil Cheap?
    By on May 31, 2013 | No Comments  Comments
    Gasoline is expensive at the pump, but by one measure oil is cheap and poised to go higher. I recently posed this question to longtime contributor Harun I.: could global hot money flow into the crude oil market, driving the price up even if demand declines? The basic idea here is that if equities, ...
  • Oil At Critical Point Again.
    By on May 8, 2013 | No Comments  Comments
    For some time now we’ve been advising keeping an eye on the direction of commodities and oil prices, since they are harbingers for the direction of the economy, and probably therefore the stock market. Oil has been locked in a symmetrical triangle formation for more than two years. As I noted pre...
  • Technical Analysis Of The Natural Gas Market
    By on February 26, 2013 | No Comments  Comments
    Natural Gas closed Friday at $3.35 per mmBtu and has been on a three month downtrend from the $4 level where it put in a near-term double top in October and November of 2012. This was your classic short setup, as NG bottomed in March of 2012 from the prolonged downtrend to test just how low prices c...

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