Some would say that energyland™ is incomparable to the genius that is film director and producer Alfred Hitchcock, but I say poppycock! For energyland™ contains as many twists and turns on a daily basis as a Hitchcock thriller. So without any more suspense, let us join the dots betwixt the two. » read more
Posts Tagged ‘NBP’
Yo y’all, it’s been another nutty week in the world of energy, as Brent crude has made 18-month lows, while WTI has disco-danced its way back into the 70′s (to $77 to be specific); worsening economic data on a global front has been the overwhelming drag on prices this week. Natural gas is seeing record temperatures across parts of the US boosting cooling demand, but even the impending formation and threat of the fourth-named storm of the Atlantic hurricane season cannot propel prices too much higher (insert Debby downer joke here). Enough from me, it’s time to eat:
Ok, ok, I’ll put the Star Wars theme to bed. For today, my friends, we are going to look at some facts and figures about storage across a number of our dearly beloved commodities and a number of geographies – highlighting (for the most part) a theme of staunch stockpiles.
To further provide some educational information, in addition to the focus on energy, there is also some trivia relating to the ultimate sultan of storage…the squirrel. So enjoy!
Good day, good day! Crude has toppled below the monkey bar of $100 late on this week as – would you believe - Euro debt concerns arise once more. In addition, crude has been clobbered by a disheartening domestic demand situation. Total product demand is down 7.2% on this time last year, while gasoline demand has just plummeted to its lowest level since 2001. And while on the subject of plummeting to new lows, the good ship natty has keeled over and made a decade low as supply remains staunch and the storage surplus swells (…while weather is set to swelter). Ay, there’s the rub, and here’s the grub. » read more