Salient to Investors: Japan and India, Asia’s biggest energy consumers after China, are closer to unlocking natural gas deposits trapped in ice below the seabed that may prove bigger than the world’s known fossil-fuel reserves. Shale is found in only certain parts of the globe, carbon frozen with water – methane hydrates –
READ MORE... →Salient to Investors: Charles Clowdis at IHS Global Insight said hauling oil in tank cars is creating jobs and wealth and investment opportunities – there is much crude that can’t be piped. The US expanded oil production in 2012 by the biggest amount since Titusville in 1859. The S&P Supercomposite Railroads Index has
READ MORE... →Salient to Investors: Jeremy Grantham at Grantham Mayo Van Otterloo says: The US is muddling through reasonably well in the short-term, but long-term we are in a slowdown unappreciated by most economists – because they are not interested in the long-term. US growth won’t ever return to previous levels because
READ MORE... →Salient to Investors: Stephen Schork at Schork Group said WTI climbed strongly for the first 6 weeks of 2013, then gave it all back in 2 weeks. Schork said there was no traction to the downside below $90, and $100 is too high to justify, so short-term expects near $95. Stefan Wieler
READ MORE... →Salient to Investors: Dave Lutz at Stifel Nicolaus said a mini perfect storm hit commodities today: rumors of a fund blowing up, gold below $1,600, and oil storage tanks in Cushing at near all-time records. Read the full article at http://www.bloomberg.com/news/2013-02-20/commodities-tumble-on-speculation-hedge-fund-selling-positions.html Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Meghan O’Sullivan at Harvard writes: Many analysts anticipate North American energy independence by 2020, while our rising energy fortunes strongly counter the now-common global narrative that the US is in decline. Europe, China, Japan and other large economies face futures of ever-growing dependence on imported energy. montaukplayhouse.org/www/ The
READ MORE... →Salient to Investors: Jordan Kotick at Barclays said New York oil’s 2-year mean is underpinning closing prices on the weekly chart at around $95.15 a barrel – buyers are emerging near the $95 level, signaling oil may test the $98.25 to $98.35 range, and may rise to $100 a barrel if buying
READ MORE... →Salient to Investors: JPMorgan Chase, Barclays, and Morgan Stanley upped Q4 GDP estimates to show a gain. The US trade deficit in December narrowed to the lowest since January 2010 and lower than 73 economist estimates on record petroleum exports. The US met 84 percent of its own energy needs in the first
READ MORE... →Salient to Investors: Money managers increased net-long positions on rising US oil prices to a nine-month high last week, in the longest weekly run of gains in records back to June 2006. John Kilduff at Again Capital says oil is in a bull market and headed for $100 or above. Miswin Mahesh
READ MORE... →Salient to Investors: John Kilduff at Again Capital said the realization that the Seaway reversal is not the answer to the backlog of supply in the central US is hurting the WTI price. Bob Yawger at Mizuho Securities USA is bullish, saying we got to a golden cross formation yesterday when
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