Category Archives: Oil

Bloomberg on the Shale Boom

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

Posted in Comodities, Oil |

Mortgage Apps, Saudi oil output

Not good! MBA Purchase Applications Highlights Mortgage activity was steady in the September 26 week, unchanged for the purchase index and down 0.3 percent for the refinance index. The purchase index remains depressed compared to last year, down 11 percent. … Continue reading

Posted in Housing, Oil |

Warren Mosler on RT video

These are excerpts from the interview. They said they will be using the rest later. Jim Rickards on currency wars and Mosler on Saudi oil price cuts

Posted in MMT, Oil |

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 price setter after all these years.

Posted in 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 |

Employment cost index, Personal income, Spending, and Saudi output

Still tame (with a hint of moving up some) particularly in comparison to the last cycle which was considered relatively tame: Personal Consumption had a nice spike up in November: But without the income to sustain it? (Ignore the latest … Continue reading

Posted in Employment, Oil |

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 |

Saudi production

Up again indicating higher net demand. They remain in control of pricing.

Posted in Oil |