Monthly Archives: February 2016

Chesapeake quits Ohio, natural gas reported at a 17 year low, frackers fourth quarter results, et al

some pretty big frackers are finally calling it quits, at least for the time being…for us here in Ohio, the most important is Chesapeake Energy, the 2nd largest US natural gas producer and the operator of more than half of … Continue reading

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4th quarter GDP revision, January’s income and outlays, durable goods, new and existing home sales, and December Case-Shiller HPI

it’s been a pretty busy week….the key reports were the 2nd estimate of 4th quarter GDP and the January report on Personal Income and Spending, both from the Bureau of Economic Analysis, which were both released on Friday…other widely watched … Continue reading

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February 27th graphics

crude oil supply: energy bond yields: natural gas prices: 4th quarter GDP: January income and outlays:

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a Russian / OPEC oil freeze, a Deloitte report on coming bankruptcies, why our oil output is holding up, and new records for oil & gas supplies again

an agreement between Russia and a handful of OPEC countries to freeze oil production pretty much dominated most of the news out of the oil patch this week..in a well publicized secret meeting between Saudi oil minister Ali al-Naimi and … Continue reading

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January consumer and producer prices, industrial production, and new home construction, et al

the key reports released this past week were the January Consumer Price Index and the January Producer Price Index, both from the Bureau of Labor Statistics, the report on Industrial Production and Capacity Utilization for January from the Fed, and … Continue reading

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February 20th graphics

oil prices Bakken crude oil output per well daily by month of production: Eagle Ford crude oil output per well daily by month of production: Niobrara crude oil output per well daily by month of production: Permian crude oil output … Continue reading

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oil bounces off 13 year low, the coming Chesapeake bankruptcy, another record for gasoline stores, et al

it was yet another volatile week for oil prices, as the price swings we saw last week continued in heavy trading that saw an average of 1.5 million thousand barrel contracts change hands daily on the New York Mercantile Exchange … Continue reading

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4th quarter household debt, January retail sales, December wholesale sales, business inventories, & JOLTS

the key reports of this past week, retail sales for January and business inventories for December, were both released by the Census bureau on Friday…leading up to the latter, the Census released the Monthly Wholesale Trade: Sales and Inventories report … Continue reading

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February 13 graphics

January retail sales: 4th quarter consumer credit: oil production history: crude production past year: 60 minute oil prices:

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new record for oil and gasoline stores, a record drop in the US rig count, global rigs for January, et al

it seems we set a number of records, or encountered some unusual outliers, this week…first, we have new highs in both the amount of crude oil and the amount gasoline in storage, which isn’t too surprising considering that both hit … Continue reading

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