Category Archives: Coal
Coal and Gold Share
Coal Stocks Grinding Higher at Next Big Trade. KOL, however, represents international coal and is a function of China. 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
“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
Natty & Coal
In NG Calls a reader asked some good questions. My cleaned up response: Continue reading
Gas, Coal and Economy
Today the investor can waste time watching ‘business news’ being reported from the mall, or you can spend 15 minutes with Independent Stock Analysis: Continue reading
Extensive Weekend Reading
Amongst the East Coast hysteria, the NYSE and NASDAQ closed for today and almost certainly will again on Tuesday. My experience suggests speculators will become irritable (no action!) while investors get some work and analysis done without being distracted by moving prices. Let’s look at some coal details from last week: Continue reading
Coal and China
Natural Gas Market Share
“Total domestic coal distribution was an estimated 199.6 million short tons (mmst) in the 2nd Quarter 2012. This value is 24.5 mmst (i.e. 10.9 percent) lower than the 1st Quarter of 2012 and 31.7 mmst (i.e. 13.7 percent) lower than the 2nd Quarter of 2011 estimates.” ISA expects the third quarter number to be lower. Most importantly, the large majority is a baseline shift toward natural gas. EIA Continue reading
More Coal & Gas
Walden Pond: “Do not hire a man who does your work for money, but him who does it for love of it.” Consider your Independent Stock Analysis membership today!
Meanwhile, coal bulls and bears alike are a cocky bunch: Continue reading