Tag Archives: PEAK OIL
Chris Nelder, logi Energy-China: The Vampire Squid of Commodities, Part One
Against a GDP growth rate of 8-8.5%, the stagnant supply picture means that China’s demand for oil imports will grow from 4 mbpd today to over 10 mbpd by 2020. China now constitutes 7.5% of global GDP and 9% of global oil demand, which will soon grow into the teens. Continue reading
Dennis Mangan, logi Energy, Comments on Inventory
Crude Oil inventory surprisingly increased last week by 1,762,000 barrels to 337,676,000 barrels. Inventory is down 5,956,000 from 13 weeks ago and is now up 25,727,000 barrels from a year ago. We are at the 87th Percentile in barrels in storage, and we are at the 96th Percentile based on the 23.91 days of usage in storage. Distillate inventory increased […]
Chris Nelder, logi Energy: Is the IEA World Energy Outlook Politically Distorted?
The International Energy Agency (IEA) released its annual World Energy Outlook (WEO) this week — a report I always anticipate eagerly. Hey, it’s like Christmas for energy geeks. The IEA found coal in its stocking though, after a report the previous evening in the UK’s Guardian newspaper cited unnamed whistleblowers alleging the agency had been distorting its true view on […]
Samuel Foucher, logi Energy: Peak Demand or Peak Consumption? A Look at the OECD Demand
Standard economic principles have demonstrated that price is a function of supply and demand. The same is true for the recent oil prices fluctuations we have witnessed over the last few years, namely the adequation between supply and demand. However, the following conundrum has not been resolved: are oil prices high due to greater demand or too little supply? This ambiguity allows for vastly divergent interpretations of the same data and depending on the agenda you are trying to push, will easily support either. Continue reading
Dennis Mangan, logi Energy, More on Last Week’s Crack Spread
The question is what will make this spread improve from here. I still can see nothing that should be a driving force to cause this spread to move up, until inventory decreases or demand improves Continue reading
Nouriel Roubini: Big Crash Coming
logi Energy wants as many people as possible to read this article by Nouriel Roubina. Dr. Nouriel Roubini, professor of economics and international business at the Stern School of Business at NYU and chairman of RGE Monitor, is perhaps best known for his prescient predictions of the financial market collapse in 2005. Dr. Roubini will be the keynote speaker at […]
Mangan, logi Energy, Market and Diesel Fuel Hedging Discussion
Dennis Mangan, Logi Energy, November 2: Crude Oil: This week we finally saw weakness return and closed down $3.50 at $77.00. We had a BUY SIGNAL and we have put on partial hedges at around the 25% level. Considering the current Crack Spreads, the Crude Oil is where we want to hedge. The Indicators changed direction and triggered a Buy […]
logi Energy recommends this article by Nouriel Roubina. Dr. Nouriel Roubini, professor of economics and international business at the Stern School of Business at NYU and chairman of RGE Monitor, is perhaps best known for his prescient predictions of the financial market collapse in 2005. Dr. Roubini will be the keynote speaker at IndexUniverse’s upcoming “Inside Commodities” conference on Nov. […]
Market and Diesel Fuel Hedging Discussion
Considering the Crack Spreads, the best place to Hedge is in the Crude Oil. Continue reading
Chris Nelder. logi Energy-China: The Vampire Squid of Commodities. Part Two
Well, I have explained it: America has no energy plan, and we won’t have one until we give up our fantasies about energy independence or drilling our way out, admit that oil is peaking, and get serious about planning accordingly. Continue reading →