Category Archives: Crude Oil

Money talks – Economist

Good discussion on the world liquefied natural gas market. This week: Creating a world liquefied natural gas market, paying people to switch the power off, and environmentally friendly caviar. – Economist (click here if video is not observable)  

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Gas expenditures as % income at 30-year high

Paid over $4.00 a gallon this weekend.  This high this early in the year brings the gas price back on the macro radar screen. The EIA notes, Gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just … Continue reading

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Trannies Leading Crude Oil Higher

We’ve posted (see here) how the Dow Jones Transportation Index can be a leading indicator for the downside direction of crude.   It makes sense as the transportation sector consumes over 70 percent of U.S.  petroleum production and imports.  See chart. … Continue reading

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Venezuela Leadership Concerns

It was just three months ago that a majority of Venezuelans re-elected their charismatic and controversial president – only to see his cancer return. At the Quinta Crespo Market in Caracas, people go about their business as usual, even in … Continue reading

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Russian Rouble Tumbles With Oil Prices

(click here if video is not observable)

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Stratfor: Growing Energy Production in the U.S.

This is a huge structural change in the U.S. and global economy.  Keep it on your radar. (click here if video is not observable)

Posted in Crude Oil, Economics, Energy | Tagged , , | 2 Comments

Dude, Where Is Food and Crude?

Now these are the tax cuts we like!   Especially because the big flop in food prices directly benefits the poor (x/ farmers) more than anyone else. Thus far, these are relative price shifts and and not a sign of general … Continue reading

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Commodities in the Kamode

Commodities are breaking hard.  Who knows where they bounce, but it does feel a bit overdone here.  Note the chart illustrates when the CRB is this oversold — an RSI reading of around 20 — it sets up for a … Continue reading

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Commodities Testing Key Support

The CRB Index looks ready to break a key support level which has held twice at around 293.  The index is heavily weighted with crude oil, which experienced an ugly reversal and was down over 6 percent last week. (click … Continue reading

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Crude Breaks Out of Bullish Flag

Check out the good work from our friends over at Trend-Wise.com.  They have some excellent technical analysis of the price action in crude. (click here if chart is not observable)

Posted in Crude Oil, Technical Analysis | Tagged , , | 3 Comments