Skip to main content

Oil & energy roundup

A few articles and points to round out some of the oil and energy news that's recently been made public.

First off, Matthew Simmons provides a brief commentary on the oil supply/demand picture going forward. In "Underestimating Demand, Overestimating Supply", Simmons declares that the experts' estimates of world oil supply and demand have been proved totally wrong:

In retrospect, the best way to review key fundamentals is to look carefully at changes in global supply and demand, and where they’ve come from. Between 1991 and 2005, global demand for oil grew by 16.6 million b/d. More astonishing is that non-FSU demand grew from 58.9 million b/d in 1991 to 79.8 million barrels a day in 2005. In other words, outside the unanticipated collapse of the Former Soviet Union, the rest of the world's oil demand grew by 20.9 million barrels a day in just 14 years (35%; 2.5% per year) vs. the projection by many oil pundits that oil demand growth was certainly slowing down.

Further work by the Peak Oil Review Editors shows that "total supply gain in Russia and China was offset by the increased domestic consumption in those two countries". As those countries reach peak production sometime in the next decade, will the other oil producing countries be able to generate major increases and keep supply growing? See the above link for more.

You might remember the post earlier this week about the recent Gulf of Mexico oil discovery. Randy Kirk makes a few points regarding this discovery in the article, "Clarification of the Huge Chevron Oil Discovery", at Energy Bulletin. In fact, Mr. Kirk points out that the discovery may have more impact on the natural gas market than oil. Check it out.

In renewable energy news, solar panel manufacturers continue to struggle through the polysilicon shortage. For more on how solar companies are coping with a scarcity for one of their essential components, see "Solar World: Desperately seeking silicon". That link brought to us by the theoildrum.com in their September 8 edition of DrumBeat.

For more on advances in solar panel manufacturing and a great many other alternative energy items, see The Energy Blog, another great site.

Popular posts from this blog

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and...

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14).   Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ".   Ladies and gentlemen, without further ado, let's start the show...  Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines.  The U.S. stock ...