Crude Oil Futures Trading News and Videos

submitted by oiltrades 640 days ago (via energyinvestmentstrategies.com)

Tom Friedman wrote a piece today criticizing Treasury’s use of the first $250B of the $700B “bailout” funding to buy equity in banks, saying it will stifle creative lending. Friedman is apparently naive. The reason Treasury put money into large banks was not to “stimulate” the banking system. The reason is so that the banking [...]

On the Road to Deflation

submitted by oiltrades 583 days ago (via energyinvestmentstrategies.com)

On November 23rd I wrote the following:“Deflation, The Economic A-Bomb: make no mistake, the most difficult problem we can face would be deflation. It is a virus in the economy that seizes upon the public mind and causes a vicious cycle of reduced spending, reduced production, and reduced profits. As Krugman recently noted, the deflation [...]

Obituary for General Motors

submitted by oiltrades 591 days ago (via energyinvestmentstrategies.com)

America is sad today for many reasons - investment scams, credit market scams, housing scams, political scams - and not the least cause for sadness is the death of General Motors. In typical sleepwalking mode, the management of this once great company - despite having been forced by its legal people to retain bankruptcy counsel [...]

Mexican Oil Production, Exports Continue Down

submitted by oiltrades 591 days ago (via energyinvestmentstrategies.com)

Much lower oil prices seem to have concentrated the minds of Mexican leaders on their country’s fast approaching fiscal crisis. As I’ve written many times, roughly 40% the Mexican federal budget is financed by oil exports from the state-owned PEMEX oil company. But production is falling rapidly, has been doing so for a couple of [...]

NG Trucks to be built in Australia

submitted by oiltrades 591 days ago (via energyinvestmentstrategies.com)

PACCAR Australia and Westport to Produce Natural Gas Trucks8:00 AM ET, December 10, 2008VANCOUVER, BRITISH COLUMBIA, Dec 10, 2008 (Marketwire via COMTEX) — Westport Innovations Inc. (WPT)(US:WPRT) and PACCAR Australia Pty Ltd. (”PACCAR”) announced today that the companies will develop and commercialise liquefied natural gas (LNG) Kenworth trucks for the Australian market. A

Megaprojects Timing and Decline Rates

submitted by oiltrades 591 days ago (via energyinvestmentstrategies.com)

A comment at the bottom of this note indicates that the average megaproject declines at 14% after peak production is reached. That probably reflects the fact that so many megaprojects are now of the deep offshore kind which do have rapid decline characteristics. This may also be reflected in the recent IEA study indicating decline [...]

More Predictions of Peak Oil

submitted by oiltrades 604 days ago (via energyinvestmentstrategies.com)

Two well respected oil analysts, Charles Maxwell and Peter Wells, provide recent updates to their peak oil thoughts. Wells in particular is interesting because he employs a bottom-up analysis similar to the Megaprojects works that is done on Wikopedia and by Chris Skrebowski. Wells is also a consultant to Toyota, an impressive credential.Maxwell repeated his [...]

Mexico: Cantarell Production Down 33% This Year

submitted by oiltrades 604 days ago (via energyinvestmentstrategies.com)

Mexican oil production down nearly 10 percentNovember 21, 2008MEXICO CITY (AP) — America’s third-largest oil supplier has exported 17 percent less crude this year.Mexico’s state-owned Petroleos Mexicanos company says daily production through October averaged 2.8 million barrels, down nearly 10 percent from the same period last year.Pemex says production has dropped by a third this [.

Next-Gen Cars: Volt Fizzles; China Soars

submitted by oiltrades 505 days ago (via energyinvestmentstrategies.com)

I’m very enthusiastic about the potential for Plug-in Hybrid Electric Vehicles (PHEV’s) to provide a big piece of the ultimate solution to America’s “oil addiction” problem. The PHEV will have an extended-range all-electric capability and a small gasoline engine that will re-charge the battery when it begins to run low, thus providing ample total range [...]

Iraq Oil Production Could Surge

submitted by oiltrades 539 days ago (via energyinvestmentstrategies.com)

Recent reports highlight the enormous reserves of oil in Iraq and the potential for them to be exploited in the relatively near term, potentially impacting the onset of Peak Oil. From an investment viewpoint, I focus on the period ending in 2015, largely discounting whatever might come thereafter. In that time frame, Iraqi production increases [...]