Category Archives: ENERGY

OIL INVENTORIES JUST KEEP RISING

With a build of over 3 million barrels in the latest week, oil inventories continue to swell.  As shown in the chart, even though we are now in the period of the year when oil stockpiles typically decline, this year … Continue reading

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TONY BOECKH: INCREASING RISKS

Tony Boeckh is also getting more cautious on risk assets: A double-dip U.S. recession is still not a done deal but forces are all on the side of economic weakness and deflation, and a double-dip recession next year carries a … Continue reading

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Posted in CONTRIBUTORS, Chinese Equities, ECONOMY, EQUITIES, FISCAL STIM./DEF., GOLD, INFLATION/DEFLATION, INTEREST RATES, INVESTING, Oil, Tony Boeckh, US equities, bonds | Leave a comment

QUICK READS

Credit-Card Rates Hit Nine-Year High Borrowing rates for a large portion of U.S. credit-card accounts have been rising and are likely to climb further in the near future. U.S. Cities Privatize Assets Amid Cuts Cities and states across the nation … Continue reading

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La Niña gathers herself to upset crop prices

(…) The recurring weather phenomenon, caused by a fall in water temperature in the tropical Pacific, could alter rainfall and temperature patterns across some of the world’s most important tracts of agricultural land. (…) Meteorologists say La Niña conditions have … Continue reading

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The Pressure on Natural Gas

(…) Overworked air conditioners fueling demand for gas-fired electricity raised gas prices earlier this summer, when futures for the coming winter rallied above $6 per million British thermal units. It didn’t last: Now they are under $5. There are implications … Continue reading

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Oil Breaks 50 and 200-Day Moving Average in the Same Day

First it was the Nasdaq on Wednesday, and now today it’s oil’s turn to break below its 50 and 200 day moving averages on the same day.  Since 1990, this is the 20th time oil has broken below both moving … Continue reading

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CHINA ENERGY CONSUMPTION GIVES MIXED SIGNALS

China increased power generation to a record in July to meet summer electricity demand. Output rose 12 percent from a year earlier to 377.6 billion kilowatt-hours, according to data released by the National Bureau of Statistics Wednesday. That surpassed the … Continue reading

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Posted in ***CHINA WATCH, China economy, ECONOMY, ENERGY | Leave a comment

US VEHICLE PRODUCTION TO JUMP 45% IN Q3

Ward’s latest tally of NA vehicle production for Q3 shows 8.4 million units (a.r.), up 45% over the 7.6 million units in Q2. Production was 7.5 million units in Q1 and 7.2 million in Q409. Total vehicle sales in July … Continue reading

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Posted in ***RECOVERY WATCH, COMMODITIES, ECONOMY, ENERGY, Natural Gas, US economy, automobiles | Leave a comment

Risks, Hedges and Opportunities: Oil

There is ample empirical evidence and theoretical validity that futures can capture market expectations and , in turn, can be used to predict spot price movements. A commodity is immediately available at the spot price and for forward dates at … Continue reading

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NATURAL GAS PRICES LOOK SET TO DECLINE IN COMING YEARS

Investing in natural gas or natural gas exploration companies? You should always keep a strong eye on Encana, certainly one of the best managed energy exploration company in North America. During Encana’s Q2 2010 conference call this morning, CEO Randy … Continue reading

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QUICK READS

Housing Market Stalls In major markets across the U.S., home sales are deteriorating, inventories of unsold homes are piling up and builders are scaling back construction plans. (WSJ) Michael Boskin: Obama’s Economic Fish Stories On unemployment, the president claims that … Continue reading

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Posted in China Manufacturing, China economy, ENERGY | Tagged | Leave a comment

IEA Expects Slow Growth in Oil Demand

China’s thirst for oil does not look set to slow, as far as I can see. (…) In its first assessment of global oil trends next year, the Paris-based agency said it expects world oil demand in 2011 to grow … Continue reading

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