Commodity Trade Mantra

Posts Tagged ‘Gasoline’

Oil Prices Hint Bear Market As Short Positions Surge To 10 Year High

The latest CFTC data show that speculators increased their shorts (bearish bets) by the biggest volume on record in last week’s data for WTI crude oil. Saudi Arabia has cut its official selling price (OSP) for Arab Light into Asia for September by the biggest amount in nearly a year. The price discount is a response to lower impending Asian oil demand as refiners dial back on runs.

Support For OPEC Oil Production Cut Is Increasing

With Mexico, Russia & Saudi Arabia out of the picture, the question is: who is going to decrease their oil production? There is only one entity, and that is the U.S. shale producers. Thy won’t willingly reduce output, but due to the economics of the current oil price environment, many shale oil producers will face bankruptcy next year & as a result, will go out of business.

North American Crude Oil Production Remains Strong

A massive build-up of crude oil inventories is seen in the US, to levels never seen in recent history. The International Energy Agency has even warned that the US will run out of storage soon. Why do producers continue to pump at low prices? It seems that at that point someone will have to finally stop pumping crude oil out of the ground.

The Oil Glut And Low Prices Reflect An Affordability Problem

There has been a belief that oil supply decline will come by way of high oil prices. Demand will exceed supply. But it seems that the decline in supply will come through low oil prices. The oil glut seen now reflects a worldwide affordability crisis, which in turn keeps demand depressed. Lack of demand keeps prices low–below cost of production.

The Government Inflation Scam

Inflation is one of the greatest government scams in history. The government inflates the money supply to pay for ever-increasing debts and expenditures. Why is it that American libertarians see through the inflation scam here at home while so many others continue to fall for it?

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.

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