Energy!

Fuel switching from depressed natural gas prices has coal inventories high.  EIA  Meanwhile, the beaten down coal stocks have held up in today’s shellacking.  24/7 Wall Street  In this commodity super-cycle, every time Chinese imports have exploded for a particular material, the pricing deck was revalued higher.  Is thermal coal next?  Bloomberg

Eighty dollar oil will slow U.S. drilling, but minor effects in supply would not be seen until year end.  Just saying.

Rig count charts per Haynesville Play.

The second chart down in is the game changerEIA  Having an ‘Oil Crunch’ Peak Oil Task Force seems quaint.  North American Energy independence will be here by the middle of this decade:

Have you bookmarked Independent Stock Analysis?  You could always subscribe by RSS or email too!