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.
Tar Sands: When This Oil Spills, It's 'A Whole New Monster' :...
Sometime in the next few months, David Daniel probably will have to stand by and watch as bulldozers knock down his thick forest and dig up the streams he loves.His East Texas property is one of more than 1,000 in the path of a new pipeline, the southern stretch of what is known as the Keystone XL
Price Moves Expose Oil ETF Differences
Oil ETFs are back on the front burner, as investors look to capture some of crude oil’s recent gains amid hopes that central banks will step up and stimulate economies, alleviating concerns over global energy demand.
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
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
Is The Threat Of Airstrikes Against Iran Driving Oil Options...
Probably. First, some context. Here’s the one-month volatility risk premium in USO options since 2007.Think of this as an estimate of how richly or cheaply priced options on crude oil are, relative to the actual historical volatility of the asset. Any ratio above 1.00 indicates that option
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.
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
Oil Demand Shift: Asia Takes Over | SmartPlanet
The realization that oil prices aren’t about them anymore has been slow to dawn on Americans after a century of being the world’s swing consumers. But the fact is that the world’s developing economies have been outbidding the developed OECD countries for oil since 2005. Some time
Crude Oil - Test BAck To $100?
If this level right here can't hold (~ 105) I will expect a test back to $100 in the next few weeks.
Goldman Delivers The Bad News On Oil Prices That You Didn't...
Despite the rise in oil and gas prices, we'd say that the overwhelming consensus among Wall Street analysts is that it's not enough to do too much damage to the economy.Among the reasons for being optimistic: The fact that the inflation in oil prices is not being accompanied by inflation elsewhere,
