Dip in Oil Prices, and I say BUY
Oil has headed fairly far south recently, and some people may expect adrop below the 50 dollar range, I think that that would be a fallacy.Demand has shown support around 84 MMBPD, and I don't think that itsfalling. This can only suggest that we are in a decent buying period. The dollar is strong and Read More… »
Posted July 30, 2009 at 12:29 am no comments
Vegas
If you ever get a chance to go to vegas I would suggest staying at theWynn or the Encore. They are attached, but two seperate hotels. In myopinion, there is simply a socioeconomic difference between this andother hotels. The pool provides exceptional scenery. – Sent from Gmail for mobile | mobile.google.com
Posted July 26, 2009 at 5:36 pm no comments
Taking Some Vacation
Will finally be getting some vacation time in this summer. I wasstarting to develop a twitch in my eye. My workout routine has beenoff lately, and unfortunately I don’t think my diet will be improvingthese next few days. If I was going to do anything in the near future I would be watchingNat Gas prices. Read More… »
Posted July 23, 2009 at 3:41 am no comments
Fall of an Empire
Here is a heart warming post from The Oil Drum. It analyzes the issues which most likely lead to the downfall of the Roman Empire. The post linked to below is an abridged version; as the original was over 10,000 words long. Here's an exceptionally abridged version though: The costs of almost every resource Read More… »
Posted July 22, 2009 at 5:56 pm no comments
Stormy Season
Never underestimate the power of storms. Especially on unsuspecting, and exceptionally undervalued, commodity markets. http://www.bloomberg.com/apps/news?pid=20601072&sid=a.m1sMpCYAro
Posted July 21, 2009 at 4:56 pm no comments
Gold, Silver, and Oil: Courtesy Stephen Leeb
I have always read Stephen Leeb’s books. Now I read his blog. I have to admit that it can get a little dry at times (and I also think there is something wrong with their feed), but I enjoy its insightfulness for the most part. I remember reading “The Oil Factor” over the 05-06 new Read More… »
Posted July 20, 2009 at 9:21 pm no comments
The Tightrope: World Oil Production
This is a short, but immensely powerful article. At 84 MMbpd, world oil demand has barely declined. Any breif world economic recovery could send us right back into the supply/demand crunch saw last year. Even China growing at 8% in 2009 would put a strain on world supply. This is especially true when coupled with Read More… »
Posted July 20, 2009 at 1:34 pm no comments
NG Rig Count Down
The natural gas rig count is down to a seven year low. Total number of operating NG rigs is left down about 1% at 665, and down about 60% since Fall of 2008. As it stands now we only have about the same number of rigs running as there were in 2002. At some Read More… »
Posted July 20, 2009 at 9:17 am no comments
Mitchell on Shale Gas Plays
Here’s an interesting article with George Mitchell, who is considered to have founded the horizontal shale gas plays domestically. He sold out big to Devon some time ago. Maybe we can thank him for gas flooding the markets. The article is from Forbes, and has some interesting Q&A. What are your thoughts on how shale-gas Read More… »
Posted July 18, 2009 at 7:24 pm no comments
NG trading range to Oil.
I read this hedge fund managers blog, Oil Traders Blog. I take things like this with a grain of salt (analysts, blogs, etc.) but Henrique is mostly on the ball, and I also tend to agree with him. Today he posted on the relationship between oil and gas, and it reminded me almost verbatim of Read More… »
Posted July 18, 2009 at 7:15 pm no comments