The always excellent Today in Energy discusses the oversupply of distillate in Europe, contango and longer voyages for product: "Trade press reports
Rate hikes back on the table, Sober Look…
Here is an interesting take on inflation from Sober Look: http://soberlook.com/2016/02/the-fed-could-be-back-in-play-in-2016.html Here is their
Railcars as storage… WSJ
From the WSJ (http://www.wsj.com/articles/the-new-oil-storage-space-railcars-1456655405): "Analysts estimate there are now as many as 20,000 tank
Rise of the machines?
From Marginal Revolution: "You sometimes hear there is no evidence of automation putting people out of work, but arguably the automation of
Berkshire Hathaway on pricing climate change…
I was wondering how insurance companies are pricing climate change... According to Berkshire Hathaway latest report, via Marginal
“$30 and $2 doesn’t work”…
This is from the CEO of Devon, David Hager, via CNBC: "Now you're starting to see the decline, and I believe you're going to continue to see the
$0 oil? St. Louis Fed
Not quite... But the St. Louis Fed analyzed current inflation expectations in the marketplace and suggested that oil prices would need to trade down
Gallows humor.. WSJ
From the WSJ (http://www.wsj.com/articles/beyond-the-oil-industry-bloodbath-1456336562): "Night is darkest before dawn, said Joe Kaeser, CEO of
Oil inventories…EIA
The EIA discusses oil inventories in This Week in Petroleum (https://www.eia.gov/petroleum/weekly/): "Using inventory levels from the latest Weekly