Crude Ready To Test $77 Area Again?
Could get a short term bounce back to the 90-93 area, but with a break of the support level ~ 87, I'm looking for at least a test back to the 77 low.
Crude Rebound?
Crude oil appears to have shrugged off its bad mood, so this is what I am shooting for in the near term.
Crude Not In The Mood
I see decent support here around $93, but the recent volatile moves to the downside are telling me that crude doesn't care about a few lines on a peace of paper. I am concerned more about protecting my capital than thinking I bought the "bottom" @ $93. Catastophe to the downside easily hits sub $90.
Abundant Natural Gas And Oil Are Putting The Kibosh On Clean...
Since the 1950s, the US has had a perverse approach to energy. In effect we have maximized demand by building bigger, hungrier cars, homes, and lifestyles and minimized supply by limiting oil drilling, coal mining, and nuclear development. And how do we make up the difference? We buy oil from the
ND Becomes Nation's Second-leading Oil Producer - Yahoo!...
BISMARCK, N.D. (AP) -- North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas, state officials said Tuesday.North Dakota oil drillers pumped 17.8 million barrels in March, with a daily average of 575,490 barrels, Assistant State Mineral
Crude Oil - Trend Lines Galore
Stunning how well trend lines work sometimes.
Why Oil Speculators Aren't Really To Blame
http://stock.ly/6qc6wmIn Washington, rhetoric is the name of the game. If your quoted blurb is better than your opponents', you win the day – whether facts are on your side or not. In fact, the side that has to “explain” the facts is likely to lose, so you always want to be the one forcing the other guy to
How Much Oil Is Really In The U.S.?
Jordan Weissmann - Jordan Weissmann is an associate editor at The Atlantic. He has written for a number of publications, including The Washington Post and The National Law Journal.On recent campaign stops, President Obama has taken to summing up America's oil supply problem with the following
Obama Pitchs $52M Plan To Regulate Oil Markets | Fox News
April 15, 2012: President Obama stands in front of the San Pedro Claver church during an event in Cartagena, Colombia.APWASHINGTON – President Obama on Tuesday urged Congress to help strengthen federal supervision of international oil markets, amid pressure from U.S. voters to take
Crude Oil - The Picture On My Screen | The Davian Letter:...
While most are focusing on the geopolitical news and noise from the Midle East, I will stay focused on the chart. It's the only way I know how to keep my mind out of the gutter, and prevent myself from taking emotion based trades.It appears price has entered into a consolidation phase or
Crude Oil - Daily Trend Line Keeping Things Under Wraps
Now that this trend line has been broken, it is also keeping things under control ie old support = new resistance. A close above it however, and I would look out for 112-114 to the upside.
T. Boone Pickens: Let's Transform Energy -- With Natural Gas |...
The US consumes 25% of the world's oil -- but as energy tycoon T. Boone Pickens points out onstage, the country has no energy policy to prepare for the inevitable. Is alternative energy our bridge to an oil-free future? After losing $150 million investing in wind energy, Pickens suggests it isn't, n
AMERICA’S OIL PRODUCTION IS RIDING RAPIDLY | PRAGMATIC...
As discussed before, with the domestic demand lower and production higher, the US is importing an increasingly smaller portion of its fuel consumption. A good discussion on lower demand for diesel fuel can be found here. A similar trend exists in the US demand for gasoline, jet fuel, and in
Federal Report: U.S. Oil Imports Down, Domestic Production...
President Obama holds up a chart as he speaks in Nashua, N.H., about his blueprint for an economy built to last, with a focus on American energy. (Jim Cole / Associated Press / March 1, 2012)The reason for higher gas prices is simple. Supply and demand. Demand for investment grade assets is up as
