No surprise here, from Bloomberg: "Hedge funds increased their WTI net-long position -- the difference between bets on a price increase and wagers
OPEC break even prices… WSJ
The Wall Street Journal discusses OPEC's problems in attaining an oil price that will cover public expenditures here... And from the
Stocks moving in the right direction…
that is, if you are bullish... Here are crude oil, gasoline and diesel stock levels outright and as a days supply measure, from This Week in
Comments on the Fed, inflation, the dollar… Narayana Kocherlakota via Bloomberg
Narayana Kocherlakota, in a Bloomberg article, thinks the Fed might be fooled by a declining dollar's influence on inflation.. Here is a chart
The New Astrology… Alan Jay Levinovitz, via Aeon
Mr. Levinovitz suggests that "By fetishising mathematical models, economists turned economics into a highly paid pseudoscience"... Here is the link:
California wholesale electricity prices… Today in Energy
The EIA's feature, Today in Energy, shows the effect of utility and small-scale solar power generation have on pricing in California... Power prices
World economic growth remains on track… IMF
The IMF released its World Economic Outlook Update this morning... World GDP is expected to grow by 3.5% in 2017 and 3.6% in 2018... While these
Libya, Nigeria Oil Output Caps Ruled Out for Now… Bloomberg
I'm not sure if this Bloomberg story is bullish or bearish: "Nigeria is ready to cap or even reduce supply if it can maintain output of 1.8 million
Gas everywhere… WSJ
Spencer Jakab writes about gas production outstripping takeaway capacity in the Marcellus region in the Wall Street Journal... "Before the shale