The EIA in its Weekly Petroleum Status Report (http://ir.eia.gov/wpsr/overview.pdf) estimates a decline of 113,000 barrels per day in domestic
Refiners’ profits down… WSJ
Here's the picture: "Many analysts expect demand will come roaring back when U.S. drivers emerge from winter malaise and take to the road for
Where Is Global Growth Heading?… Econbrowser
Guest writers at Econbrowser, Laurent Ferrara (Banque de France, Head of the International Macro Division) and Clément Marsilli (Banque de France,
The world is running out of storage… WSJ
The WSJ reports that crude imports in the U.S. are on the rise because that's where storage space is still available: "The rest of the world is
WTI Implied Volatility Update…
Implied volatility settled below 40% last week... Here is the chart for at the money, second nearby options: For April, WTI options traded an
Saudi Arabia’s post-oil future… The Economist
Here is the Economist: "The outlines of the announcement, which has generated much anticipation, had been well trailed. They included: the floating
The Trouble With GDP… The Economist
The Economist does an excellent job laying out the many issues in measuring GDP and using it as a measure of prosperity
The end of coal…
I pulled this chart from a NY Times article, which shows the rapidly declining share of the use of coal for producing electricity: Here is the
U.S. Corporate Profits on Pace for Third Straight Decline… WSJ
It's all in these two charts: Note that the chart is a "blend of actual and estimated results".... Exxon and Amazon's actual earnings are not in