Category Archives: Crude Oil

US Imports Crude Oil Likes It’s 1999

Posted on March 27, 2012 by macromon

(click here if charts are not observable)

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Game Change: Bakken Shale Production 1985-2010

Posted on March 18, 2012 by macromon

We have this sense that the global economic tectonic plates are shifting before our very eyes.  America, the land of cheap energy and the new efficient production frontier? Here’s Reuters last week, America’s steel industry, for decades a symbol of … Continue reading →

Posted in Black Swan Watch, China, Commodities, Crude Oil, Energy, Fiscal Policy, Geopolitical | Tagged , , | Leave a comment

What Drives Crude Oil Prices?

Posted on March 13, 2012 by macromon

(click here if chart is not observable)

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U.S. Posts First Petro Product Trade Surplus Since 1949

Posted on March 7, 2012 by macromon

The times they are a-changin’. According to the EIA the United States exported more petroleum products than it imported in 2011 for the first time since 1949.   Though declining, American refiners still imports large amounts of crude oil. Strong global … Continue reading →

Posted in Commodities, Crude Oil | Tagged , , | 5 Comments

Charlie Rose: Daniel Yergin and the Oil Markets

Posted on February 27, 2012 by macromon

Charlies Rose produces a very informative interview with Daniel Yergin on what’s currently driving the crude oil market.  We highly recommend you spend the 15 minutes. Daniel H. Yergin is an American author, speaker, and economic researcher. His first major … Continue reading →

Posted in Crude Oil, Video | Tagged , , | 1 Comment

Asia Is The World’s Largest Oil Consuming Region

Posted on February 26, 2012 by macromon

Nice data from the EIA showing petroleum consumption by region.  This, in part, explains why the stock rallies are starting to sputter in Korea and India, both heavily exposed to oil prices. Bloomberg reports that “in 2011, Japan, South Korea, … Continue reading →

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Don’t Blame the Gas Station for Price Spike

Posted on February 23, 2012 by macromon

Here’ a cool graphic from the EIA on what drives the price of a gallon of gasoline in January 2012.  We paid $4.20 last night in California! Note 76 percent of the price for a gallon of gas is driven … Continue reading →

Posted in Crude Oil, Energy | Tagged , , | 2 Comments

The New Normal: Resource Poaching

Posted on February 5, 2012 by macromon

Guess we should get used to it. (click here if video is not observable)

Posted in China, Crude Oil, Geopolitical, Japan | Tagged , , , | 1 Comment

EU approves new sanctions on Iran

Posted on January 23, 2012 by macromon

How long before the Arab Persian Spring comes to Tehran? (click here if video is not observable)

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The Ugly Chart Contest

Posted on January 22, 2012 by macromon

Well not so ugly.  The dollar index is hovering around its short-term trend, but is now below the 20-day sma.  No clear break of trend yet. Crude looks like it is rolling over.  We heard Fareed Zakaria say on his … Continue reading →

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