gregor.us - 6/24/2009
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In May, oil production from Mexico’s (previously) largest oil field Cantarell slipped below 700 kb/day . While the death of Cantarell has been much discussed since it peaked five years ago at 2.1 Mb/day, what’s less recognized is that the toppling of Cantarell has absolutely ...
ft.com - 6/29/2009
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ft.com —
The worst recession in decades will curtail oil
demand for years to come, the International Energy Agency...
predicted on Monday as it cut sharply its forecasts for world consumption and declared that the threat of a supply crunch had receded. Oil ...
(more)
FT.com / Global Economy - Oil watchdog cuts demand forecasts
marketprognosticator.blogspot.com - 6/30/2009
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marketprognosticator.blogspot.com —
"The International Energy Agency cut its oil demand
estimates for every year through 2013 by about 3...
million barrels a day, it said in its Medium- Term Oil Market Report today. Consumption will average 86.76 million barrels a day in 2012, the first ...
(more)
So Much For Chinese Demand
cnbc.com - 6/24/2009
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cnbc.com —
There are many issues going on around the
world that could have a material impact on the...
future of oil—both short term and long term, said Matthew Simmons, chairman emeritus of Simmons International. Citing Iran’s presidential election controversy , ...
(more)
Oil Prices Could Go Higher Than We've Seen: Simmons - ...
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Wednesday morning links
The Mess That Greenspan Made —
... with fiscal gimmicks - LA Times • Airlines renew call for rules on oil speculators - Calgary Herald • Too big to fail is too big - Buiter, FT MARKETS/INVESTING • Crude falls ahead of U.S. supply data - MarketWatch • Bullion & Metals: China frightens Commodity Bulls - Commodity Online • OPEC, EU say regulation needed to stop oil bubble - Guardian • China and IMF Gold Sales; The Real Story - GoldSeek • Should Mexico Stop Exporting Oil? - Gregor • New ETF May Be Best Infrastructure Play ...
Wednesday links: broken futures
Abnormal Returns —
... unable to make payroll. The political backlash would be severe.” (Accrued Interest)
“The days of calling the dollar almighty may be numbered.” (WashingtonPost)
Meet the Bank of Canada’s “boring” Governor Mark Carney. (Walrus Magazine via Freakonomics)
Should Mexico stop exporting oil? (Gregor Macdonald)
Taking a closer look at the returns to ...
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Oil in Big Macs
gregor.us 6/9/2009 — There’s a temptation to believe that if one stripped out the USD from the price of oil, a better picture of oil’s cost would emerge. Over the years people have expressed Oil in Euros, Swiss Francs, and of course Gold–which does make ...
If We Can't Get Oil from Mexico . . .
theoildrum.com 9/20/2009 — The news from Mexico just continues to get worse with bad news from all three of their biggest oil fields, even as our perennial cornucopian talks of “a Mexican surprise.” As Gregor noted recently (h/t ft energysource ) at the beginning of the year ...
Trading Strategy: Oil Stocks vs Oil
marketsci.wordpress.com 12/30/2008 — This strategy was inspired by the recent Bespoke post Oil Stocks Outperforming Oil in which Bespoke showed the historical ratio between the price of oil stocks and the price of oil itself. I’ve reproduced their graph below.
Rising values indicate ...
Do You Know What You’re Doing With Oil ETFs?
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What’s Behind the Jump? The energy analysts attribute the ...
Canada's Oil Sands - Part 1
theoildrum.com 8/25/2009 — This is the first in a two-part series about Canada's oil sands. In this post, I will talk about a recent American Petroleum Institute (API)-sponsored media trip I made to see Canada's oil sands, and give a little background on material being ...
Could $30/bbl Oil Happen Before New Year’s Eve?
europe.theoildrum.com 6/18/2009 — In this post last month, I described how the recent storage build might serve as a good proxy for describing a well supplied oil market. I also presented data suggesting that actual physical oil consumption may have been running 2 - 3 Mb/d beneath ...
When Oil Was Free
gregor.us 3/25/2009 — Were you alive when oil was free? Were you born yet? Did you have TV? Let me help: Oil was free about two months ago in January, when it traded around 34.00 per barrel.
Each barrel of oil contains about 5.8 million BTUs. Each American uses about 25 ...
Oil Outperforming Oil Stocks
bespokeinvest.typepad.com 8/5/2009 — Since peaking at the end of 2008, oil (the commodity) has outperformed oil stocks significantly. The chart below shows the ratio between the S&P; 500 Oil & Gas index and the price of oil. When the line is rising, oil stocks are outperforming, and when ...
Oil Inventories Confirm Technical Event in ETF Charts (USO, OIL)
247wallst.com 7/29/2009 — Oil was already against the ropes and off of current highs because of the CFTC going after limits on speculators and limits on non-end-user trading activities on the energy commodity markets. But this morning’s weekly oil inventory data from ...
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