Mean reversion is working! Except there is no one left to take advantage... Implied vol in WTI options has dropped sharply as futures move mostly
Ritholtz interviews Simon Hallett…
I’m very impressed with recent Ritholtz podcasts, especially the ones talking about the current investing environment... “Bloomberg Opinion
Utility-scale battery storage continues upward trend… EIA
From the EIA’s Today in Petroleum:
US Oil Stocks… EIA
Crude oil stocks decline, distillates continue to rise... from This Week in Petroleum...
The Jones Act… National Review…
The Jones Act distorts energy movements as Mario Loyola, National Review, explains... ”Shipping a barrel of oil from the Gulf Coast to the
Ritholtz interviews Simon Hallett…
Barry Ritholtz does an excellent job interviewing CIO, Simon Hallett, here... ”Bloomberg Opinion columnist Barry Ritholtz speaks with Simon
7-Eleven’ purchase of Speedway’s convenience stores ill-fated… Bloomberg
David Fickling, Bloomberg, suggests that increasing exposure to gasoline sales is against the trend, here... ”Seven & i Holdings Co. has a
Petroleum days supply… EIA
These charts show oil, gasoline and diesel stocks as they relate to demand.. Note that gasoline and crude oil are moving lower while diesel remains
Dueling Nowcasts…
The latest estimates for 2Q GDP from the NY and Atlanta Feds’ “nowcast” models show quite a divergence... Atlanta is looking at -35% which is close to