Category Archives: Comodities

Bloomberg on the Shale Boom

We’re Sitting on 10 Billion Barrels of Oil! OK, Two Full size image

Posted in Comodities, Oil |

Consumer credit way down and downward revisions as well

As I suggested previously, the well hyped ‘credit acceleration’ has fizzled indicating most GDP growth forecasts could be grossly overstated: Highlights Revolving credit outstanding had been edging higher in what had been a good indication for consumer spending but not … Continue reading

Posted in Comodities |

Saudis cut price- target could be $75?

I missed this when it first came out a few days ago. This could be serious, as the plan could be to cut price low enough to put the higher priced producers out of business, which they can easily do. … Continue reading

Posted in Comodities, Oil |

saudi oil output

Still strong net demand for Saudi crude so prices don’t go down unless they decide to lower them, etc. Full size image

Posted in Comodities, Oil |

nat gas prices

If the price of natural gas happens to go back towards $10, the US’s ‘energy advantage’ pretty much goes away. And it’s becoming increasingly legal to export it to hurry that day… So let’s hope for the best!

Posted in Comodities |

Comments on research report

From DB, Comments below: Commentary for friday: the second print on Q2 GDP growth showed a significant upward revision to +2.5% from +1.7% as previously reported. Recall that growth was only +1.1% in Q1. After the 3rd downward revision Given … Continue reading

Posted in Comodities, Currencies, Economic Releases, Employment, Fed, GDP, Government Spending, Oil |

Oil vaults on refinery shutdown, US oil settles above $106

Yet another stupid headline, seems. Refiners are buyers of crude… Oil vaults on refinery shutdown, US oil settles above $106

Posted in Comodities, Oil |

Brent-WTI

>    >   (email exchange) >    >   On Wed, Jul 10, 2013 at 7:42 AM, Michael wrote: >    >   Your Brent-WTI convergence call at the opening of the Seaway pipeline was one of the >   best calls I ever saw you make. The timing was … Continue reading

Posted in Comodities |

Saudis still firmly in control of price

Full size image

Posted in Comodities, Oil |

gold: not enough qe…

Wonder when they stop calling it money printing… Full size image

Posted in Comodities, Fed |