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New IEA Data May Indicate A Slowdown In Rig Count Drop

March 31, 2015

New IEA Data May Indicate A Slowdown In Rig Count Drop The IEA OMR is out early this month hence April’s edition of vital statistics comes early. The March 2015 Vital Statistics is here. EIA oil price and Baker Hughes rig count charts are updated to the end of March 2015, the remaining oil production charts are updated to February […]

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5 Charts Which Show That The Next Economic Crash Is Dead Ahead

March 31, 2015

5 Charts Which Show That The Next Economic Crash Is Dead Ahead When an economic crisis is coming, there are usually certain indicators that appear in advance.  For example, commodity prices usually start to plunge before a recession begins.  And as you can see from the Bloomberg Commodity Indexwhich you can find right here, this […]

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The US Oil Bust Just Got Worse

March 14, 2015

The US Oil Bust Just Got Worse The price of Oil did today what it has been doing for a while: it waits for a trigger and plunges. As I’m writing this, West Texas Intermediate is down 4.4%, trading at $44.99 a barrel, less than a measly buck away from this oil bust’s January low. […]

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This Chart Shows the True Collapse of Fracking in the US

March 7, 2015

This Chart Shows the True Collapse of Fracking in the US “People need to kinda settle in for a while.” That’s what Exxon Mobil CEO Rex Tillersonsaid about the low price of oil at the company’s investor conference. “I see a lot of supply out there.” So Exxon is going to do its darnedest to add […]

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The Rig Count “Meme” (And Why The Bounce In WTI Is Likely Over)

February 23, 2015

The Rig Count “Meme” (And Why The Bounce In WTI Is Likely Over) Recently, the Baker Hughes Rig Count has become all the rage. I did a search on Bloomberg, using only Bloomberg generated articles, with “Rig” and “Count” as matches in the headline only. Back in October, there were barely any articles at all. The […]

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Never before has drilling for oil collapsed this far this fast.

February 14, 2015

Never before has drilling for oil collapsed this far this fast. The word “boom” can never be thought of as a stand-alone concept that everyone loves, particularly governments because they get to rake in the big bucks. It’s always attached to its miserable twin that no one wants to see, the “bust.” They come invariably in […]

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Goldman Warns “Don’t Count On Rig Declines To Balance The Oil Market Just Yet”

February 11, 2015

Goldman Warns “Don’t Count On Rig Declines To Balance The Oil Market Just Yet” With WTI back under $50 once again (the mainstream media’s new Maginot Line for oil complex stability – just like $80, $70, and $60 was), it appears more investors are waking up to the reality of an over-supplied, under-demanded global energy […]

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