Monthly Archives: May 2016

what the EIA doesn’t say when comparing US output to that of Russia & Saudi Arabia

on Monday of this past week, the U.S. Energy Information Administration posted a fairly routine article on their daily blog (Today in Energy) titled United States remains largest producer of petroleum and natural gas hydrocarbons….the article featured a graph of … Continue reading

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1st Quarter GDP revision, April Durable Goods, April New Home Sales

  the key economic release of the past week was the 2nd estimate of 1st quarter GDP from the Bureau of Economic Analysis, which was released on Friday…other widely watched releases included the April advance report on durable goods and … Continue reading

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May 28th graphics

rig count summary: net natural gas imports: gasoline supplies: oil & gas output for the US, Russia, & Saudi Arabia: 1st quarter GDP revision:

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update on oil prices & what’s moving them, another big fudge in EIA data, rig count still edging down..

we haven’t covered the ongoing increase in the price of oil while we’ve been focused on the Utica shale over the past couple weeks, so we’ll try to catch up on that first…the major factors that have been influencing oil … Continue reading

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April consumer prices, industrial production, housing construction, and existing home sales

the most widely watched reports released this past week were the April Consumer Price Index from the Bureau of Labor Statistics, the Fed’s report on Industrial Production and Capacity Utilization for April,  the April report on New Residential Construction from … Continue reading

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May 21 graphics

oil prices: record gasoline demand: mid-May 2016 oil outages projection via Goldman: May 20th rig counts:

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more on the Utica shale, oil supplies drop as EIA fudge factor swings by 664,000 bpd, drilling drops again, etc

you’ll recall that after looking at the new maps of the Utica/Pt Pleasant “plays” from the EIA last week, wherein we discovered that our part of the state was sitting on top of the thickest areas of the Utica, that … Continue reading

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