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Tag Archives: oil prices

SPR, Oil, and Distillate Supplies Low

RJS, Focus on Fracking Summary: Strategic Petroleum Reserve at a 20 year low, US oil supplies at a 14 year low; distillates supplies at a 14 year low, total oil + product inventories at an 13½ year low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending April 22nd indicated that because of a drop in our oil exports and a big increase in oil that could not be...

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Asymmetric Whining

Asymmetric Whining  This is not news, but yet again we see the old phenomenon of people whining a lot when something gets worse but then saying nothing when it gets better.  The latest example of that involves gasoline prices.  They were rising and got into the range of near-real highs seen in times like 2008, 1981, and 1918.  But now they have slid backward, down in the neighborhood of 20 cents per gallon where I am.  Crude prices are down as...

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The return of the “Oil Choke Collar”!

The return of the “Oil Choke Collar”! For the first five years after the end of the Great Recession, one of the staples of my analysis was the concept of the “oil choke collar.” By that I meant that typically recessions had occurred after there was a sudden and sharp upward spike in the cost of gas, inflicting such pain that consumers cut back drastically on other spending – causing a prompt economic downturn. But what if, instead, gas prices rose...

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Oil Price highest since 2014; natural gas price falls from 12 year high – largest inventory build in 16 months

and gasoline exports at a 26 month low . . . Blogger and Commenter R.J.S., Focus on Fracking: “Oil price is highest since 2014; natural gas price fell from 12 year high after largest inventory increase in 16 months” Oil prices finished higher for the 7th straight week after OPEC decided to only add the minimum to global supplies in the coming months . . . after rising 2.6% to $75.88 a barrel last week as rising global demand amid tight...

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The Euro is Poised for a Rise, Expect $1.50 in 2 to 4 Years

We present twelve reasons that could sustain a further euro appreciation to $1.40 or even 1.50 in the upcoming two to four years. The main one is that Germans are net global creditors and Americans net debtors. This is reflected in fiscal and monetary policy and in investors' behaviour. The post was written in December 2013, but the arguments are still valid today and will continue to be valid in the future.

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