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Americans Drive More & Use Less Gasoline
Over at his excellent Carpe Diem blog, Mark Perry points out the conundrum that on the one hand, gasoline consumption is falling. On the other hand, the Federal Highway Administration says we’re...
View ArticleCNOOC reports 29% profit growth
China National Offshore Oil Corporation (NYSE:CEO) reported a 29% increase in quarterly profits. CNOOC is a big oil producer but also a big natural gas producer. It remains to be seen whether the...
View ArticlePetroChina passes ExxonMobile
PetroChina pumped 2.4 million barrels of oil a day last year. ExxonMobile produced 2.3 million a day. By volume, PetroChina (NYSE;PTR) is the largest oil company in the world. Exxon Mobil is no longer...
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Natural Gas Production Continues to Soar
I missed this while I was away in Vancouver, but MJ Perry caught it on his blog with this nifty chart showing the boom in U.S. natural gas production, as shale gas production kicks into overdrive… The...
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Another Great Oil Chart–Inventories Surge! But Don’t Look for Lower Gasoline...
Bespoke Investment points out that oil inventories are surging to levels not seen since 1990 … So if we have so much oil, how come gasoline prices are so darned high? I mean, not only do we have a...
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Natural Gas Rig Counts Tumble, But Gas in Storage Still Huge
According to Baker Hughes, the natural gas rotary drilling rig-count has fallen by 63% in North America since its peak in August 2008 and, during the same period, the oil rig-count has risen 230%...
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Fun Oil Factoid–US Production Is Soaring
Here’s a table that I sent to Red-Hot Global Resources subscribers yesterday as part of a much larger issue, showing US Crude Oil Production … American oil production hit an 8-year high last year. The...
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Crude Oil Inventories Continue to Soar, Nat Gas Not So Much
For those hoping that the reversal of the Seaway pipeline would lead to less pressure on overstuffed crude oil stockpiles in Cushing, Oklahoma, the answer seems to be “no” … In fact, US crude oil...
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Confused by Last Night’s Debate on Energy? See This Chart
Last night, in the second Presidential debate, I thought it was great that we finally got a debate on energy, though I’m not sure either candidate said anything substantive. And I’m pretty sure many...
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Why the Oil & Gas Boom is So Much Better for America Than the Tech Bubble
Matt Stoller has written an excellent post at Naked Capitalism about how America’s next big boom (and possibly bubble) is in extraction of oil and gas. I’m drawing a conclusion from his charts that...
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US Oil Production Hits Highest Level in 18 Years, Imports Drop to 20-Year Low...
I’d like to show you three charts I picked up over at Professor Mark Perry’s Carpe Diem blog at the American Enterprise Institute. His original post was on November 29. I thought I’d add some...
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Solar Power Is Becoming a LOT Cheaper
Current estimates suggest that solar might be as cheap as coal by the end of the decade, and half the cost of coal by the end of the next decade. When applied to electricity prices this predicts...
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5 Must-See Charts on Trade Deficit, Energy & More
I’m about to show you five important charts that can have a big impact on your investments and the economy in general. The U.S. trade deficit came in as a big surprise – to the mainstream media,...
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How Long Could an S&P 500 Correction Last?
It’s been a crappy week for many reasons (thank you, The Onion, for stating the obvious). And with the major stock indices looking more wobbly all the time, investors are wondering if they should sell...
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The Big Picture on US Oil Production — It’s HUGE!
Via the Carpe Diem blog and Business Insider, here is a chart of the change in annual US crude oil production … In 2012, the U.S. experienced the largest one-year gain in oil production in its history,...
View ArticleWSJ: U.S. is No. 1 Energy Producer
Our newest addition to the Uncommon Wisdom Daily team, oil and energy expert Dan Hassey, sent a note to his Gold and Energy Advisor subscribers to today, to let them know about this front-page article...
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Why I Love Energy Stocks Right Now (and I’ll Love Them More in 2014)
James DiGeorgia just sent a big update on oil, natural gas and energy stocks to his Junior Resource Millionaire subscribers. He gave me the OK to share with you his take on energy stocks because it is...
View ArticleEyewitness Report from Ukraine
Note: We received the follow report secondhand from an Uncommon Wisdom Daily reader. It is a response to allegations that some Kiev protesters were paid agents of outside parties. The message appears...
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Natural Gas rising on Ukraine crisis
Natural Gas prices are up more than 2% Sunday afternoon as Russian forces tighten their grip on Ukraine. Crude oil is relatively calm. Rising gas reflects the possibility – which is low but not zero –...
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