They have doubled since 2010... From the EIA's Today in Energy:
Investors Still Own Worst Enemy… DALBAR
The Big Picture posted the graph below taken from Index Fund Investors which in turn cites DALBAR... And here are annual returns averaged over
Hedge funds cut bullish bets on oil… Kemp, Reuters
John Kemp, Reuters, updates hedge fund net positions in week ending June 20th: Here is the Kemp article:
West Texas Drillers squeezed… Houston Chronicle
Lower oil prices and rising costs are squeezing West Texas drillers reports the Houston Chronicle: "The average oil well in the prolific region
Plastics…WSJ
The shale revolution is leading to a boom in the production of plastics... Here is the WSJ: "That boom in drilling has expanded the output of oil
Miles traveled update… dshort.com/Advisor Perspectives
Advisor Perspectives updates data from the Department of Transportation to show total vehicle miles traveled and as a population adjusted series...
Libya and DUCs… Bloomberg
Reasons for weakness in crude from Bloomberg: "Another factor feeding trader angst is a rise in the number of drilled-but-uncompleted wells in
U.S. refineries running at record-high levels…. EIA
Some good charts from the EIA in Today in Energy:
Inflation has not yet followed lower unemployment in America… The Economist
"Excluding food and energy, prices are only 1.5% higher than a year ago; the Fed’s inflation target is 2%. But Ms Yellen thinks unemployment is below