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February 24th, 2016, 09:50 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
@SMCJB
I just picked up on this - CERAWeek Homepage Event ? CERAWeek 2016 Energy Conference
Does this have any bearing on /CL price, short term, long term etc ?
Thank you
-William
EDIT
Other than someone like Naimi opening his pie hole ??
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
February 24th, 2016, 10:24 AM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
WilleeMac
It's one of the largest energy conferences of the year, as such there are plenty of opportunities for...
WilleeMac
Other than someone like Naimi opening his pie hole ??
February 24th, 2016, 11:35 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
Sign of things to come ?
Quoting
Oil major Royal Dutch Shell (RDSa.L) is closing a business dedicated to so-called unconventional resources, a term used by the industry to describe shale reserves, and said on Wednesday the unit's director and U.S. head Marvin Odum would leave.
Shell closes U.S. shale resources unit and says U.S. head to leave | Reuters
-William
February 24th, 2016, 11:55 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
John Kemp (reuters.com) sent out this report on gasoline consumption since 1949
I thought it might be of interest
-William
February 24th, 2016, 04:16 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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WilleeMac
John Kemp (reuters.com) sent out this report on gasoline consumption since 1949
I thought it might be of interest
Yes very interesting. Thank You.
Not sure why he used log scales. I think it distorts the picture.
On the subject of Gasoline use....
Another Oil Crash Is Coming, and There May Be No Recovery - Bloomberg Business
Hint: Electric Cars !
February 26th, 2016, 08:34 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
Interesting animated map and graphs of oil production in the US over the past five years. The map is ok but the three graphs below the map is interesting as well as the fourth graph below those three.
Quoting
The crash in oil prices has taken its toll. The number of active oil-drilling rigs in the U.S. is plunging toward the lowest level in more than 75 years of records. The animation below shows the deployment of oil and gas rigs over five years, culminating in the collapse of almost 75 percent of the
rig count .
Watch five years of oil drilling collapse in seconds. The oil crash has taken its toll.
Quoting
These five years represent the fastest expansion of oil production in U.S. history. New technology drove this boom—particularly the deployment of horizontal drilling through shale rock. The three biggest oil-producing shale regions are the Permian basin in West Texas, the Eagle Ford in Southern Texas, and the Bakken in North Dakota.
After the plunge in oil prices kicked off in late in 2014, producers started shutting down rigs at an unprecedented rate. The number of active rigs is approaching the lowest level since Baker Hughes started tracking
rig counts in 1940. Last week the rig count stood at 514, compared with the record-low 488 recorded in April 1999.
Quoting
A corresponding drop in U.S. production hasn’t yet materialized. Today’s rigs are more efficient, and new wells pump oil faster, so raw rig counts are losing some of their predictive power. Despite the declining number of rigs, the U.S. is still pumping oil at a historically high rate. At some point that will have to change change if rig counts continue to tumble.
-William
February 26th, 2016, 01:58 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
February 29th, 2016, 09:33 AM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
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Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
Twitter @JKempEnergy
HEDGE FUNDS established record net long position of 320 million bbl in ICE Brent futures and options by Feb 23:
March 2nd, 2016, 09:52 AM
Vancouver BC/Canada
Experience: Advanced
Platform: Ninjatrader, Jigsaw
Trading: Futures
Posts: 7 since Sep 2015
Thanks Given: 1
Thanks Received: 1
Inventory data out today.
I wouldn't be surprised to see a rally on a horrible print.
The logic of the illogical.
March 2nd, 2016, 07:52 PM
Seattle,WA
Experience: Advanced
Platform: NinjaTrader , Multicharts and my own system
Trading: Futures
Posts: 294 since Feb 2015
Thanks Given: 19
Thanks Received: 459
Michaelktrader
Inventory data out today.
I wouldn't be surprised to see a rally on a horrible print.
The logic of the illogical.
The last few months of inventory reports well over estimates have all caused a rally. people are buying on bullish and bearish news. Even rumors of a deal cause spikes.
Last Updated on June 3, 2024