Category: Crude Oil
The analysis published under this category are as follows.
Wednesday, December 05, 2012
Are the Russians on the Verge of a Major Arctic Oil Coup? / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
As I move into the main meetings here in Moscow, something unexpected has joined the conversations on oil prices, European pipeline prospects, liquefied natural gas (LNG) trading scenarios, and the prospects of unconventional shale.
That something is venture capital funding.
The Kremlin has developed several venture capital funds with potential state-supported investments amounting to at least $12 billion.
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Monday, December 03, 2012
The Significant Impact of U.S. Crude Oil Production / Commodities / Crude Oil
By: Frank_Holmes
The Eagle Ford shale formation lies south of our headquarters in San Antonio, Texas, giving the U.S. Global investment team a firsthand, tacit perspective on the oil and gas industry's growing natural resources phenomenon. We've witnessed how the oil activity is boosting the local economy with solid-paying jobs, a healthy housing market and strong consumer sentiment, as oil giants such as Schlumberger and Halliburton take a bigger stake in the area.
Sunday, December 02, 2012
WTI Crude Oil Price To Test $65 Level in 2013 / Commodities / Crude Oil
By: EconMatters
WTI closed November just shy of $89 a barrel on hopes of an improving economy. I think there is an argument for an improving economy in 2013, but it is just too early to tell how things are going to come together with the economy, and all the ramifications of basically an anti-business and social agenda political leadership of the last four years.
Sunday, November 18, 2012
Peak Oil And The Olduvai Gorge / Commodities / Crude Oil
By: Andrew_McKillop
The Olduvai Gorge theory of Richard Duncan was that human society would be forced back to the anthropoid ape stage of evolution by peak oil and energy scarcity, and would live like Tanzania's "Lucy" the best known precursor or human ancestor, taxonomically called "Australopithecus afarensis", of about 2 million years ago. Duncan's angle, developed in the late 1990s, was that peak oil and energy resource depletion would firstly make inevitable, then speed up this retreat and defeat of Humanity, as human society was forced back to hunting and gathering. An Internet search with Olduvai Gorge theory will produce hundreds of responses.
Monday, November 12, 2012
Crude Oil Price Drop Offers Investors a Discount Opportunity / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
Markets declined significantly in the wake of last Tuesday's Presidential election. In the two days that followed the S&P shed almost 3.6%.
But now the energy sector in general - and oil in particular - is poised for a major move up.
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Friday, November 09, 2012
Crude Oil Price and Oil Stocks Seasonality, Trend Forecast / News_Letter / Crude Oil
By: NewsLetter
The Market Oracle Newsletter October 30th , 2012 Issue #19 Vol. 6 Read full article... Read full article...
Thursday, November 01, 2012
Why Crude Oil Prices Can't Collapse / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
The markets opened again yesterday after the tragic storm across the East Coast.
In a world ravaged by storms, geopolitical tensions, rising demand, supply concerns, and increasing costs, it's important to know what's really driving oil prices moving forward.
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Wednesday, October 31, 2012
Why is Crude Oil Price Falling? / Commodities / Crude Oil
By: EWI
After a losing streak, crude oil futures fell as low as $85.69 a barrel -- the lowest price since July.
Predictably, the mainstream energy market observers have blamed the drop on "global economic worries." Of course, we have pointed out before how, on one recent occasion, oil fell in the face of positive economic expectations. And on another recent occasion, oil fell despite the absence of any real news, period.
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Tuesday, October 30, 2012
Crude Oil Price and Oil Stocks Seasonality, Trend Forecast / Commodities / Crude Oil
By: Chris_Vermeulen
Crude oil has had some large price swings this year and another one may be on its way. This report shows the seasonality of crude oil along with where oil is trading and what the oil service stocks are telling us is likely to happen going into year end.
Since WTI Crude Oil topped out in September at the $100 resistance level (Century Number) many traders are looking for a bounce or bottom to form in the next week. Historical charts show that on average the price of oil falls during November and the first half of December.
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Monday, October 29, 2012
Oil Prices: Global Markets Favor Brent Crude, Refineries Are Set to Advance / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
Brent and WTI crude oil prices have been on a downward trajectory. Recently Brent had declined for seven consecutive trading sessions while WTI had been down for five.
Given the importance these benchmarks have in pricing crude worldwide, it is useful to review what they are before talking about their widening spreads.
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Sunday, October 28, 2012
Oil Nationalism: Russia Versus Saudi Arabia / Commodities / Crude Oil
By: Andrew_McKillop
TOO MUCH
In a week where Malaysia's Petronas' buyout bid for Calgary-based Progress Energy was rejected by the Canadian government, and the rejection called "resource nationalism" by Fitch ratings, Rosneft's buyout of TMK-BP is seen as Vladimir Putin's vehicle to regain state ownership of Russia's oil fields. Rosneft was firstly handed control over Yukos Oil in 2003, by Putin's government hitting Yukos with a $26-billion tax bill which bankrupted it, followed by Putin's bundling of Yukos founder, the billionaire Mikhail Khodorkovsky, into a Siberian prison. The present buyout of TNK-BP has Rosneft acquiring BP's 50% stake of the joint venture in exchange for cash and stock, for $27 billion.
Friday, October 26, 2012
Crude Oil Price Falls to a 3-Month Low: Why Blaming "Soft Economy" Isn't the Answer / Commodities / Crude Oil
By: EWI
After a 4-day losing streak, on October 23 crude oil futures fell as low as $85.69 a barrel -- the lowest price since July.
Predictably, the mainstream energy market observers have blamed the drop on "global economic worries." Of course, we have pointed out before how, on one recent occasion, oil fell in the face of positive economic expectations. And on another recent occasion, oil fell despite the absence of any real news, period.
Read full article... Read full article...
Friday, October 26, 2012
Putin Is the New Global Oil Shah / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Casey Research : Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia's state-controlled oil company.
Rosneft is buying TNK-BP, which is a vertically integrated oil company co-owned by British oil firm BP and a group of Russian billionaires known as AAR. One of the top-ten privately owned oil producers in the world, in 2010 TNK-BP churned out 1.74 million barrels of oil equivalent per day from its assets in Russia and Ukraine and processed almost half that amount through its refineries.
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Wednesday, October 24, 2012
Peak Price Not 'Peak Oil', Free 26 Page Report / Commodities / Crude Oil
By: EWI
Greetings,
In July 2008, when crude oil prices were at $148 a barrel and "peak oil" bulls were forecasting a rise to $200, even $300 a barrel, contrarian technical analyst Robert Prechter took the opposite stance:
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Wednesday, October 24, 2012
From Bin Laden To Biofuels - Quant Easing And Energy Security / Commodities / Crude Oil
By: Andrew_McKillop
SACRILEGE
Many times, Bin Laden and his lieutenants would issue communiques loaded on floppy disks which were intercepted, translated and very creatively interpreted by the CIA's well paid Arabists. Concerning oil, The Bearded One was severe: the impious, even sacriligious West would be punished by oil at $144 a barrel and economic ruin would ensue. In July 2008, going not one better but three dollars better, Goldman Sachs goosed oil prices to $147 a barrel but economic ruin had already ensued. Quantitative Easing was invented, another semi-mystical cultural product of the impious West, whereby about $35 trillion of "new money" was invented since 2008, but disappeared like Bin Laden. To be sure there are differences between the two stories: Goldman Sachs did not receive a helicopter visit from Navy SEALS for its oil price-gouging tricks, but that is only a detail of history.
Thursday, October 18, 2012
Will an OPEC Nation's Runaway Inflation Spark an Crude Oil Bull Market? / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Casey Research writes: In the third century, greed got the best of Rome's emperors. As they spent through the silver in the treasury, one emperor after another reduced the amount of precious metal in each denarius until the coins contained almost no silver whatsoever.
It was the world's first experience with currency debasement and hyperinflation. As people saw the value of their savings evaporate, society grew angry and demanded a scapegoat. Christians became that scapegoat, and Romans turned on them with incredible violence.
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Thursday, October 18, 2012
Crude Oil Prices - Goldman Revises Down / Commodities / Crude Oil
By: Andrew_McKillop
Ice sheets retreating due to global warming often suddenly stabilise for “decades to centuries” no matter that the warming is still going on, scientists of the British Antarctic Survey and partner research institutions have found. It would seem that current predictions of sea level rises to be expected on a given timescale with a given amount of global warming will need to be revised - downwards. System stability is much higher than previously thought - or hoped by global warming hysterics.
Thursday, October 18, 2012
Obama And His Oil Pipelines / Commodities / Crude Oil
By: Andrew_McKillop
The Romney-Obama debate this week and once again featured attempts by both candidates to work "energy crisis" into the sparring and thrusting, to show how badly the opponent got his facts wrong and will only let things get worse if he either stays president, or becomes president. Obama kicked off with the one-liner that "because the economy was collapsing when I took office", gasoline prices in the US averaged a low $1.86 a gallon. Higher prices today are obviously a proof the economy is doing nicely, in fact using Obama's metrics, more than twice a nicely as in 2009 ! Economists might not agree.
Wednesday, October 17, 2012
Forget Renewable Energy, We Need Cheap Oil / Commodities / Crude Oil
By: OilPrice_Com
What does our world's energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon oil and how will the world economy and trade fare as supplies of cheap oil continue to dwindle?
To help us take a look at this future scenario we had a chance to chat with Gail Tverberg - a well known commentator on energy issues and author of the popular blog, Our Finite World
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Sunday, October 14, 2012
IEA Still Drumming For High Priced Crude Oil / Commodities / Crude Oil
By: Andrew_McKillop
The IEA's latest Oil Market Report, released 12 October, maintains the IEA storyline of global oil shortage and extreme high prices being almost certain - by about 2017 - unless and until the 28 OECD member countries of the IEA enact and pay for a whole range of new energy policies and programs. For a flavor of these heavily promoted big-spending policies and programs from the IEA, high level conferences like its 'Clean Energy Future' ministerial meeting held in London, 25 April (for which the IEA Web page no longer exists) provide all that is needed.