Michael D. Cohen at Barclays makes the bearish case here: “Two key points are important to note. First, the supports mentioned above may not be
Not all GDP is Equal… Marginal Revolution
Here is Alex Tabarrok, at the excellent Marginal Revolution: “In standard macroeconomic models...the oil industry is no more important for
Power Plants Bloom… WSJ
Erin Ailworth at The Wall Street Journal wrote an excellent article on the power plant boom going on to take advantage of low natural gas prices
Commodities vs. equities… Bloomberg
Bloomberg’s headline is “Commodities Are ‘Screaming to Be Bought’”... Maybe, maybe not, but I liked the chart within the article showing the
OPEC Succeeds After One Year…WSJ
Alison Sider of the Wall Street Journal summarizes the year here... ”Investors and traders grew frustrated during the first half of the year, as a
Some commodity price charts… The Daily Shot/WSJ
The Wall Street Journal’s The Daily Shot has some interesting price charts (and comments):
US oil stock levels… EIA
From This Week in Petroleum, here are stock levels compared to 5 year min/max: And here are stock levels divided by daily demand, or days
US shale hedging surges… Reuters
From Catherine Ngai, Reuters: “When oil prices rocketed towards $60 a barrel this fall, U.S. shale producers hedged more barrels of oil during the
Yields move higher…
Here are a couple of charts showing long term interest rates and “real” rates pulled from the WSJ’s The Daily Shot: