Pop quiz: What world economic growth rate is expected for 2013? Continue reading
October US natural gas production was an all-time high: EIA. Continue reading
Understanding the Oil Cycle at Investing Daily. Continue reading
“The New Year’s Day breakaway gap — if not filled — could lead to an entire year of upside gain” Peter Brandt Continue reading
The energy piece of the economic puzzle has morphed over the last several years. From a macro economic perspective, energy does not appear to be a headwind. Energy is providing a sustainable economic competitive advantage in the U.S.
Perhaps the energy secular bull market has past, and investors instead will have only cyclical conditions with which to contend going forward. Let 24 diverse links help tell the story:
Saudi oil Minister Al-Naimi: “everybody now is happy with where the prices are. Nobody is complaining about high prices or low prices.” (Arab News) Sounds like relatively stable oil prices near today’s price deck could be the norm…
E&P capex in 2013 is set to be flat in North America, but rise 7% globally in a sustained rise dependent upon today’s oil price. AOL Energy Continue reading
Oil Market Going Through ‘Violent’ Structural Change: IEA at CNBC:
“…the shift of oil demand from the West to the East is now rapidly accelerating” and “refining margins have become more volatile.” Continue reading
S&P 500 Energy & Materials relative Continue reading
“There is a danger if OPEC doesn’t do anything that prices may collapse” at the Financial Post.
“…the report predicts about a 1 mb/d drop in U.S. oil consumption by 2020 and a 5 mb/d drop by 2035 relative to current levels.” Econbrowser Continue reading
Oil as an Exhaustible Resource by James Hamilton, which dovetails with the ISA idea worldwide oil production is on an undulating plateau, the shape of which will be determined by price. Continue reading
“The US is growing its oil output more than the entire increase in demand for the rest of the world,” said Continue reading