gregor.us - 3/25/2009
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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 barrels of oil every year. Considering that ...
fxstreet.com - 3/19/2009
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fxstreet.com —
(Adds background, context.) LONDON (Dow Jones)--Investment and exploration
in the U.K. North Sea oil and gas basin
could collapse this year because of high costs and a funding drought, said the head of the country's oil and gas industry lobby ...
(more)
UPDATE: UK Oil, Gas Exploration Faces Collapse -Industry Grp
nytimes.com - 3/30/2009
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nytimes.com —
Reductions in investments and low oil prices could
curb future supplies, leaving the world to face a
new energy shock when the economy picks up, according to a study.
(more)
Rising Fear of a Future Oil Shock
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Wednesday's Links
Todd Sullivan's - ValuePlays —
Friedman, MTM, Oil, Oil - I do not always agree with him, but do this time - More on the debate - From the demand side - Did you know oil was essentially free right now? Disclosure ("none" means no position): Visit the ValuePlays ...
Looking at Oil Again....
Todd Sullivan's - ValuePlays —
... he has been long. For all issues oil I tend to turn to Gregor.us for information. He recently posted the following information: World oil production for the past 4 years has remained stagnant at essentially 73.5 mbpd. If the production of any item has not risen over a 4 year span despite demand for it continuing to do so and a historical price spike, it isn't ever going to and thus the long term price trend must be up. Period That information followed this from Gregor: Each barrel of oil contains about 5.8 ...
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World Oil Production Forecast - Update May 2009
theoildrum.com 5/20/2009 — World oil production peaked in July 2008 at 74.82 million barrels/day (mbd) and now has fallen to about 71 mbd. It is expected that oil production will decline slowly to about December 2010 as OPEC production increases while non-OPEC production ...
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?
etftrends.com 1/30/2009 — Goldman Sachs has stepped forward to warn of unprecedented flows into oil exchange traded funds (ETFs), and it has raised the question of whether investors know what they’re doing.
What’s Behind the Jump? The energy analysts attribute the ...
Iraqi Oil: Black Gold or Black Hole?
theoildrum.com 4/28/2009 — This is a guest post by Nawar Alsaadi. Nawar currently lives in Canada, but lived in Iraq until 1990. He still has close ties to the country, and has been following the situation closely there.
Investors and global oil companies such as Shell ...
Looking at Oil Again....
valueplays.blogspot.com 4/20/2009 — Oil has peaked my interest again, especially after the fall today and the way it has risen with an irrational market. Today T. Boone Pickens said: Texas oil billionaire T. Boone Pickens on Monday reiterated his prediction that crude oil prices would hit $75 a barrel this year as producers scale ...
Oil Could Be Next
gregor.us 1/9/2009 — There’s a common perception that oil experienced a geo-political risk premium starting after 2001. While this cannot be quantified, I am not inclined to disagree.
But if such a premium moved in and out of oil from time to time in the past 7 ...
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 ...
The Price of Oil
news.goldseek.com 5/16/2009 — The Casey Energy Opportunities team pulled together the pieces of the oil sector picture that other sources tend to scatter or ignore. We’ll give you a broader understanding of the drivers within the oil industry, the markets in which they operate, ...
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 ...
Oil Sand Castles —
The Big Money 3/23/2009
Two of Canada's largest energy corporations, Petro-Canda and Suncor Energy Inc., announced today that they will merge to increase their financial stability. TBM 's Christopher Flavelle discussed the volatile Canadian oil sands market in this ...
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