Category Archives: Crude Oil

Westport Innovations: A Nattie Play That Has Worked

Posted on January 19, 2012 by macromon

Westport is a nattie/crude oil arb play (see last week’s post here) we’ve  dabbled in and sold waaaaaaay too early.  No earnings yet, but strong revenue growth.  Buying it here?  Place your bets. The collapse in natural gas prices, which … Continue reading →

Posted in Clean Tech, Crude Oil, Energy | Tagged , , , , , | 1 Comment

Here’s What You’re Paying for in a Gallon of Gas

Posted on January 17, 2012 by macromon

Very informative graphic from the E.I.A. on what we’re paying for at the pump.   Note the loss in refining.   See our post,  U.S. Gasoline Consumption Tanks in 2011,  illustrating the collapse in gasoline consumption in 2011. Click on chart to enlarge … Continue reading →

Posted in Crude Oil, Energy | Tagged , | 4 Comments

Sources of U.S. Crude Oil Imports

Posted on January 3, 2012 by macromon

Here’s the follow up to last night’s post we promised. (click here if table is not observable)

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

How Dependent is the U.S. on Persian Gulf Oil?

Posted on January 2, 2012 by macromon

With tensions heating up over Iran (recall our November 5th post, Is Iran About to Get Hot) we’re seeing lots of traffic on our post of last February,  U.S. Dependent on Middle East Oil? Think Again. Our sense is that most … Continue reading →

Posted in Black Swan Watch, Crude Oil | Tagged , , , | 1 Comment

Hours of Work Needed to Buy a Barrel of Oil

Posted on November 7, 2011 by macromon

Another awesome piece of work from our friends over at The Chart Store.   The chart below is a times series of the numbers of hours of work — based on the average hourly wage — needed to buy a barrel … Continue reading →

Posted in Charts, Crude Oil | Tagged , , , | Leave a comment

Is Iran About to Get Hot?

Posted on November 5, 2011 by macromon

Here is something brewing off radar.  We’re wondering if this is a factor as to why crude is bid and gold is coming back?    Debka wrote last week, The inference was clear: The Israeli Air Force was strengthening its cooperation … Continue reading →

Posted in Black Swan Watch, Crude Oil, Geopolitical, Gold | Tagged , , | 6 Comments

Sources of U.S. Petroleum Imports

Posted on October 4, 2011 by macromon

Ask most Americans the major source of U.S. crude oil imports and they will probably respond the Persian Gulf.   Wrong!  The chart below shows the U.S. imports less than 15 percent from the Gulf.  More than 5o percent of petroleum … Continue reading →

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

This Market Sucks – Going Fishin’

Posted on August 17, 2011 by macromon

Fug this market.  Nothing is working.   You get long and lose money.  You get short and lose money.  You get flat and you lose purchasing power as the dollar melts and commodity staples rise.   These are the kind of markets … Continue reading →

Posted in Black Swan Watch, Commodities, Crude Oil, Economics, Gold, Sovereign Debt, Sovereign Risk | Tagged , , , , | 2 Comments

Trannie Swan Dive to Take Down Crude Oil

Posted on August 2, 2011 by macromon

The Dow Transportation Index was down almost 4 percent today and if there is any silver lining  in the current market turmoil is that Trannies usually lead crude down, which will drop gas prices.  The chart below shows the 12.2 … Continue reading →

Posted in Charts, Crude Oil, Economics, Energy | Tagged , , , | 1 Comment

Is Gold Money?

Posted on July 13, 2011 by macromon

During today’s Congressional testimony Fed Chairman, Ben Bernanke, was confronted by Rep. Ron Paul with the question, “Is gold money”?  (see video below)  The Chairman answered, “no” and went on to say the reason why central banks hold gold is … Continue reading →

Posted in Black Swan Watch, Crude Oil, Currency, Dollar, Gold, Monetary Policy, Video | Tagged , , , | 15 Comments