Commodity Trade Mantra

All posts under ‘Crude Oil Trading’

The US Shale Oil Miracle Disappears

The EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California. EIA now estimates these reserves to be 96% lower than it previously claimed. Only 4% of the original estimate is now thought to be technically-recoverable at today’s prices.

Oil Limits And The Economy - One Story; Not Two

Does GDP growth lead to more oil & energy demand or does the availability of cheap oil & other types of energy power the economy? Oil & other forms of energy are used to power the economy. Historically, rises and falls in the use of oil & other types of energy have tended to parallel GDP growth.

US to Become Less Dependent on Foreign Oil

The US Energy Information Administration released on Tuesday an early version of its Annual Energy Outlook for 2014. The main item being that the United States will continue to develop its own oil and to press for more efficient cars in order to reduce demand on oil.

The Shale Oil Boom is More of a Mirage than a Miracle

Shale oil plays are going to be probably much less than a 10-year flash in the pan. They are very dependent on a lot of different things, including low interest rates and the ability to keep borrowing – which could turn around very quickly. Lower oil prices would tend to do the same thing.

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