Monthly Archives: March 2016

a 33 month high for oil imports, another all time high for oil supplies, & another all time low for drilling

the reality of the crude oil glut finally caught up with the oil price rally that had been driven by rumors of an OPEC meeting with Russia this week, as oil prices fell about 5% in their first weekly loss … Continue reading

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4th quarter GDP revision, February durable goods, new and existing home sales, state jobs, et al

the key report released this week was the 3rd and final estimate of 4th quarter GDP from the Bureau of Economic Analysis, released on Friday by the  Bureau of Economic Analysis…other widely watched reports released earlier in the week included … Continue reading

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March 26th graphics

oil inventories: oil production by well age: oil production, fracked vs conventional: Bakken production: 4th quarter GDP:

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oil prices now 50% higher on OPEC / Russian freeze talk, record low rigs and record high oil stores again

this week’s news is the same as last week’s news was, since we beat the two records that we headlined last week’s news with, albeit in a somewhat less spectacular fashion…US oil and gas drilling activity, which last week fell … Continue reading

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February retail sales, consumer and producer prices, industrial production, new home construction, January business inventories and JOLTS

  you had to know that after there were no major releases last week, we’d get hit with a bunch of them this week…major reports released this week included Retail Sales for February and Business Sales and Inventories for January, … Continue reading

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March 19th graphics

retail sales: oil prices: gasoline demand:

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US rig count at a record low while US oil stores at a record high; global rigs for February

well, we’ve finally done it: never before in the history of the US oil and gas industry was there so little drilling going on as there was in the week just ended…the graph above, from an article on this week’s … Continue reading

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