Agreed! "But in its closely watched oil-market report, the International Energy Agency said “any deal struck will not materially impact the global
Chart book…
Here are some charts from recent EIA publications.. The first three are from This Week in Petroleum (http://www.eia.gov/petroleum/weekly/), showing
US Imports of Oil by Country…EIA
From the EIA (http://www.eia.gov/todayinenergy/detail.cfm?id=25772): "Canada, America's largest crude oil supplier since 2004, sent a record-high
IMF downgrades outlook… WP
From Wonkblog (Washington Post): "The IMF now projects the world economy will grow 3.4 percent this year and 3.6 percent in 2017. That pace would be
Why no boost from lower oil prices…
The Econobrowser on why we don't see a boost to the economy from lower energy prices:
Energy as a percent of PCE… Calculated Risk
Energy expenditures as a percent of personal consumption expenditures (from Calculated Risk and the Bureau of Economic
Option notes…
Friday's sharp price rally brought out option traders in force...274,864 options contracts traded and probably most surprising to note is that the
Saudi Arabia’s Plan… Bloomberg
John Mickelthwaite and others at Bloomberg do an excellent job explaining Saudi Arabia's plan for a sovereign mega fund:
Oil slips… Reuters
Good commentary in a short piece from Reuters: http://mobile.reuters.com/article/GCA-Commodities/idUSKCN0X4029?il=0 "Oil exports from Iraq's