O&G Spreads and Gushers

Tuesday Was Ugly: Short-term Caution Advised at All Star Charts.

Oil Trades Near Three-Month High in New York Amid Supply Risks at Bloomberg.

Crude oil prices peaked early in 2012 at the EIA.  The five year chart is surprising and interesting…

Goldman Sees Brent-WTI Spread Narrowing as Inventories Fall at Washington Post.

“But under current policy, EIA says Mexico will have to start importing oil by 2020.”  CNN

The Demise of the Car:  Doomed by escalating oil and infrastructure cost by Gregor.  Only the executive summery of The Real Story Is the Rise of the Global Powergrid is publicly available, also by Gregor.  The theme fits well with our continuing coal education.

Not exactly the stuff of an immenent production decline:  “Natural gas production from Pennsylvania’s Marcellus Shale for the first half of this year jumped 82% over the same period last year…”  Platts  Exxon Mobil’s natural gas production has barely rolled over and too high decline rate (for XOM’s mature production) is required for a prediction of their production to fall meaningfully.  SA

A more wonkish look at the Utica:  Bucyrus.

“U.S. drivers paid an average of $3.72 per gallon on Monday.”  Fuel Fix

About the refiner trade:  Tesoro is a Gusher – Fade It by Dragonfly.