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Commentary and Reports for Feb 05, 2012
February 03, 2012
The oil market is getting less rattled by the headlines surrounding Iran. Iranian threats to shut down the Straits of Hormuz or cut off supply to Europe in a preemptive strike, have been like the old story of "the Little Boy Who Cried Wolf" ... Full Story
February 02, 2012
Crude and Refined
Product Storage ... Full Story
February 02, 2012
Stupid is as stupid does and after Exxon Mobil, the world’s largest publicly traded oil company, reported net income of $9.4 billion for the quarter, up from $9.25 billion the year before and revenue of $121.6 billion, up 16 percent from the year before, T ... Full Story
February 02, 2012
So, OK, last week was a bit of surprise...EIA came in roughly 20 Bcf above the market. Nonetheless, Ben Smith of First Enercast Financial nearly nailed it with a forecast of -191 -- he was last week's HighBaller by about 6 Bcf. Oddly, nobody was terribly surprised, not the least of which being EIA ... Full Story
January 31, 2012
Musings from the Oil Patch reflects an eclectic collection of stories and analyses dealing with issues and developments within the energy industry that I feel have potentially significant implications for executives operating and planning for the future ... Full Story
January 31, 2012
A gas price horror story is evident at pumps across America as the price, according to the Energy Information Agency, hit the highest level since Halloween ... Full Story
January 30, 2012
• U.S. shale gas plays are commercial failures & the shareholder is the loser.
• Operators have maintained the illusion of success through production and reserve
growth subsidized by debt.
• High decline rates mean that wells must be continuously drilled—drilling treadmill ... Full Story
January 30, 2012
Since 2005, European oil consumption has fallen by 1.5 million barrels a day. And, in the same period, US oil consumption has fallen by 2 million barrels a day.
If oil was priced at $60 a barrel, rather than $100 a barrel, then a fair portion of that lost demand might return ... Full Story
January 30, 2012
Crude prices changed little last week as the various forces moving the markets seemed to balance each other out. New York oil closed on Friday at $96.65 and London at $111.52. In contrast with the oil markets, gasoline futures and natural gas underwent substantial moves ... Full Story
January 30, 2012
Oil slightly rose during last week and thus continued their trend of moderate changes of recent weeks ... Full Story
January 30, 2012
Is there any light at the end of this tunnel? Instead of a decisive plan to bailout Greece, questions still linger while we try to decide whether this European crisis will end nicely. It just goes on and on.
Iran also does not seen to be as scary on Monday ... Full Story
January 27, 2012
After President Obama's State of the Union speech, I questioned whether the President was trying to take credit for the amazing advances in technologies that has been made in energy production over the last decade ... Full Story
Where do prices go from here as inventory surplus continues to balloon?
The Energy Informational Administration (EIA) reported today that storage operators withdrew 192 billion cubic feet of natural gas from storage in the week ending Jan. 20 ... Full Story
January 26, 2012
No surprises the past few report weeks? Hmm. We'd call that odd, considering standard deviations have been off the charts...forecast ranges have been way off the charts (30+ Bcf)...and categorical ranges way above 3 Bcf wide.. ... Full Story
January 25, 2012
I have to Obama credit for making the shale gas and oil revolution part of his State of the Union Address. Yet at the same time, I fail to understand why he wants to take credit for it as opposed to giving the credit where it is deserved and that is with the US energy industry ... Full Story
January 24, 2012
What do you mean the Straits of Hormuz are open? How could this be?! Did Iran not promise to shut down the Straits of Hormuz if Europe dared to impose sanctions on this rouge state? Well yesterday after agreeing to help Greece make up financially for the replacement of that cheap Iranian oil, the ... Full Story
January 23, 2012
Wheeling and dealing dominate the energy market as it desperately seeks direction. Will there be a deal on Greece? Or will Europe actually cut a deal to follow through on a deal to embargo Iran's precious oil ... Full Story |
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Source: Brian Sylvester of The Energy Report (2/2/12) February 4th, 2012 email: newsletters@theenergyreport.com http://www.theenergyreport.com With the winter warmer and drier than previous years, natural gas companies are suffering from depressed prices ... Full Story