CME to launch bitcoin futures contract…

by Jim Colburn • Tuesday, October 31, 2017

Here is Reuters:

https://www.reuters.com/article/us-cme-group-bitcoin/cme-to-launch-bitcoin-futures-in-fourth-quarter-subject-to-approvals-idUSKBN1D01UG

 

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Jeff Grybowski – Offshore Wind Energy: A Promising Start in the U.S

by Jim Colburn • Monday, October 30, 2017

This is very good from the Columbia Energy Exchange:

“To understand the outlook for offshore wind in the United States, host Bill Loveless speaks with Jeff Grybowski, CEO of Deepwater Wind, on a new episode of the Columbia Energy Exchange. Deepwater Wind is the developer of America’s first offshore wind project, the Block Island Wind Farm.”

https://itunes.apple.com/us/podcast/columbia-energy-exchange/id1081481629?mt=2&i=1000393887045

 

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Brent/WTI, East Coast crude supply… EIA

by Jim Colburn • Thursday, October 26, 2017

Here is a nice longer term chart of the Brent/WTI crude oil spread from the EIA’s This Week in Petroleum:

“Between 2011 and 2013, U.S. crude oil production grew faster than transportation, storage, and refining capacity could accommodate, and restrictions on exporting domestically produced crude oil resulted in WTI prices averaging $15 per barrel (b) below Brent (Figure 1).”

This chart shows the changing mix of crude oil destination for East Coast refiners:

Despite a sharp increase in US exports of crude oil, the Brent/WTI spread remains wide…

 

 

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Gulf Coast refinery runs are approaching pre-Harvey levels… EIA

by Jim Colburn • Thursday, October 26, 2017

From the EIA’s always excellent Today in Energy:

“A little more than half of all U.S. refinery capacity is located in the U.S. Gulf Coast region (defined as Petroleum Administration for Defense District 3). Texas, where Harvey made landfall, represents 31% of all U.S. refinery capacity according to data from January 2017. Gulf Coast refineries supply petroleum products to domestic markets in the Gulf Coast, East Coast, and Midwest, as well as to international markets.”

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Disruptive technology…

by Jim Colburn • Wednesday, October 25, 2017

From Carpe Diem here:

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Post-recession GDP growth… The Daily Shot (WSJ)

by Jim Colburn • Tuesday, October 24, 2017

Here is a nice chart showing this recovery in context with others:

https://blogs.wsj.com/dailyshot/2017/10/24/the-daily-shot-how-close-is-the-next-recession/

 

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September unplanned global oil supply disruptions… EIA

by Jim Colburn • Monday, October 23, 2017

fall to lowest level since Jan 2012:

Here is the link:  https://www.eia.gov/todayinenergy/detail.php?id=33432

 

 

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Oil trades see wildly divergent oil prices… Houston Chronicle

by Jim Colburn • Sunday, October 22, 2017

I’m not sure the headline is news, perhaps “oil traders agree” would be the “man bites dog” version… But here is the bottom line:

“You’ll see oil at $100 again I’m sure, you’ll see oil at $25 again — that’s just the nature of the oil price,” said Alex Beard, global head of oil at Glencore.”

Here is the link:  http://www.chron.com/business/energy/article/World-s-Biggest-Oil-Traders-See-Wildly-Diverging-12290383.php

 

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4Q US oil inventories… WSJ

by Jim Colburn • Sunday, October 22, 2017

This chart comparing 4Q inventory change is originally from Reuters (Kemp)… Here is the WSJ link

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Gasoline demand to fall, petchems keep rising… Wood Mackenzie via Bloomberg

by Jim Colburn • Thursday, October 19, 2017

Boomberg reports on a Wood Mackenzie piece here:

“Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to consultant Wood Mackenzie Ltd.”

And here are WM’s charts:

 

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