Monthly Archives: January 2016

crude and gasoline stores at record highs; why consumption is falling…& a Russian-OPEC oil cartel?

a number of on again, off again, stories that Russia was planning to meet with the members of the OPEC cartel to negotiate production cuts drove oil prices higher this week, but even now it’s still not clear if there … Continue reading

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4th quarter GDP, December durable goods, new home sales & state jobs report, November Case-Shiller, et al

the key release this week was the the first or “advance” estimate of 4th quarter GDP from the Bureau of Economic Analysis; the other most widely watched reports were the December advance report on durable goods from the Census bureau, … Continue reading

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January 30th graphics

crude oil supply: gasoline supply: monthly sales-weighted fuel-economy: 4th quarter GDP:

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the impact of the addition of new Iranian oil to the global glut, et al

oil prices have been quite volatile this past week, dropping almost 4% when the market opened Tuesday, and then later soaring 21% from their Wednesday lows…recall that US crude prices for crude had fallen to 11 year and then to … Continue reading

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December’s consumer prices, new housing, and existing home sales, et al

the most widely watched reports released this past week were the December Consumer Price Index from the Bureau of Labor Statistics, the December report on New Residential Construction from the Census Bureau, and the December report on existing home sales … Continue reading

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January 23rd graphics

oil prices: oil supply and demand: oil supply vs historical:

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new low oil prices and how they’re set, Ohio HB 422, Canada adds 144 rigs, & a gasoline glut, too..

as the price of oil has continued to fall over the past several weeks, i’ve been expecting and waiting for the price of oil to stabilize, maybe even rise a bit, such that the ongoing drop in the price of … Continue reading

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