From the Wall Street Journal’s The Daily Shot, here... Note that debt levels increased after the collapse in oil prices in late 2014...
Why is it so hard to predict the future… The Atlantic
David Epstein, The Atlantic, has an excellent piece recapping the famous Ehrlich/Simon bet and discussing Phillip Tetlock’s research, here.. ”Even
US energy consumption, production, exports reach record highs in 2018… EIA
From Today in Energy, here...
A balanced oil market…
Here is the EIA’s supply/demand outlook through 2020 in a picture...
Fund activity in gasoline and diesel….
Money managers’ positions in gasoline and diesel have diverged... The first two charts are from John Kemp, Reuters, here... The last on is from the
Midland/West Texas Sour… EIA
The EIA suggests there was a spec issue, here... ”Light, sweet crude oil prices in the Midland hub, the area where crude oil produced from the
Grain markets at 42 year lows… Bloomberg
Here are Michael Hirtzer and Mario Parker, Bloomberg on Trump tweets and grain prices: ”Soybean and corn futures slumped after tweets from Donald
The market is betting on climate change… VOX
A few years ago, I was talking to some oil producers in North Dakota about hedging and in conversation asked if they had seen climate change effects
Atlanta Fed’s GDP nowcast…
The Atlanta Fed bumped up its “nowcast” for 2Q GDP by 0.5 percentage point after today’s economic data... The Fed’s tool is probably better as a