Commodity Trade Mantra

Posts Tagged ‘EIA’

The Multi-Trillion Dollar Oil Market Swindle

Assuming $55 per barrel for oil, the market for crude oil is about $5.2 billion per day. Each $10/Barrel change is worth nearly $1 billion/day or $365 Billion/year for the worldwide crude oil market. Add the worldwide equity market caps of oil and oil market related equities and debt you have a scandal that is in the trillions; a number that cannot be ignored.

Boundless Natural Gas, Boundless Opportunities: Interview with EIA Chief

US Energy Information Administration (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace & likely to continue without hitting a geologic peak. Current output is close to 70 billion cubic feet a day & expected to reach over 100 billion cubic feet by 2040.

Natural Gas & Precious Metal Prices To Spike Higher In 2014

As frigid temperatures blanketed the entire East Coast this winter, record natural gas demand in the U.S. has resulted in multi-year lows in gas storage levels. The EIA’s Natural Gas Storage Report showed a stunning 34% lower gas storage level compared to the same time last year.

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.

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