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Energy Archives | Page 4 of 6 | Elliott Wave Analytics

  • 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...
  • SPX and Brent Oil: The Same Liquidity Fueled Market
    By on February 18, 2013 | No Comments  Comments
    ‘The price has nothing to do with a shortage of oil. There’s a lot of oil on the market. It’s because of speculation and OPEC cannot control speculation’.  Quote by OPEC Secretary General Badri. Some people are audible learners, some learn based on touch, some by interaction...
  • The New Era Of Oil Renaissance
    By on January 3, 2013 | No Comments  Comments
    In a continuation of our series on the state of the oil industry we look at some of the other ramifications of what we are labeling the Oil Renaissance in the US, and around the world for that matter.  This phrase was first proposed regarding the potential Nuclear turnaround here in the US, where c...
  • Oil and Gas End 2012 With Bloated Inventory Levels
    By on January 2, 2013 | No Comments  Comments
    In analyzing the last EIA report of the year it is noteworthy that gasoline stocks really rose the last 5 weeks of the year. The takeaway isn`t so much that gasoline inventories rose 23 million barrels the last 5 weeks of the year, wow that is some build in inventories, but the fact that Oil invento...
  • Are Oil & Gas Markets Rigged Worse Than Libor?
    By on December 23, 2012 | No Comments  Comments
    UBS paid $1.5 Billion for manipulating Libor, and Barclay`s already paid the piper for manipulating the Libor rate. Well, it is about time the CFTC get its act together, and start going after the culprits who rig the oil and gasoline markets costing consumers and businesses a mafia tax by paying pri...
  • Technical Analysis Of The Oil Market
    By on December 14, 2012 | No Comments  Comments
    When discussing this analysis we shall focus on WTI, the markets trade together for all intents and purposes, just that Brent trades $20 higher, give or take $3, depending upon certain European and Middle East news, and contract rollover repositioning (i.e., Brent contract rolls before WTI). King ...
  • Peak Oil or Peak Energy?
    By on December 12, 2012 | No Comments  Comments
    A consistent theme in this letter has been the connections between items that may seem to be far removed from each other but are actually linked at the very core. If you push on one end you get a reaction in what would seem to be the most unlikely spots. Today we explore the connection between the f...
  • Culture Change: Gasoline Sales versus Demographics
    By on November 1, 2012 | 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-August were released today (a few days later than their October 24th planned release). However, this report offers an interesting pe...
  • Why Is Energy Abundant, But Not Cheap?…
    By on October 30, 2012 | No Comments  Comments
    It doesn’t matter how abundant liquid fossil fuels might be; it’s their cost that impacts the economy.  Many people think “peak oil” is about the world is “running out of oil.” Actually, “peak oil” is about the world running out of cheap, easy-to-get oil. That means fossil fuels...
  • Free Report: EWI Crude Oil Big Picture Outlook
    By on October 26, 2012 | No Comments  Comments
    In July 2008, when crude oil prices were at $148 a barrel and “peak oil” bulls were forecasting a rise to $200, even $300 a barrel, contrarian technical analyst Robert Prechter took the opposite stance: “One of the greatest commodity tops of all time is due very soon,” he w...
  • California: Soaring Gas Prices and Oil
    By on October 9, 2012 | No Comments  Comments
    According to a news clip I just saw, there is a gas station in the Los Angeles area currently selling regular gasoline for $5.58/gallon. Some gas stations are shutting down because the owners don’t want to buy gas at these prices for fear that they won’t be able to sell it. Prices have b...
  • Do Falling Oil Prices Hint Of Stock Market Decline?
    By on September 29, 2012 | No Comments  Comments
    When the economy slowed in the summer of 2010 and the Fed launched QE2, commodity prices took off like a SpaceX rocket. The price of crude oil reversed to the upside along with the stock market, surging up 64%, from $70 a barrel to $114 a barrel eight months later in April, 2011. When the economy be...
  • Culture Change: Demographics and Gasoline Sales
    By on September 27, 2012 | 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-July were released this afternoon. However, this report offers an interesting perspective on fascinating aspects of the US economy. ...
  • The Repricing Of Oil…
    By on September 9, 2012 | No Comments  Comments
    Now that oil’s price revolution – a process that took ten years to complete – is self-evident, it is possible once again to start anew and ask: When will the next re-pricing phase begin? Most of the structural changes that carried oil from the old equilibrium price of $25 to the new equilibri...

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