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"Unstoppable" California Gas Leak Now Being Called Worst Catastrophe Since BP Spill
Submitted by Tyler Durden on 12/24/2015 08:19 -0500
http://www.zerohedge.com/news/2015-12-24/unstoppable-california-gas-leak-now-being-called-worst-catastrophe-bp-spill
Banks are massively short Gas and Oil futures:
http://www.cftc.gov/MarketReports/BankParticipationReports/deadec15f
Something Strange Is Taking Place In The Middle Of The Atlantic Ocean
Submitted by Tyler Durden on 12/16/2015 23:55 -0500
http://www.zerohedge.com/news/2015-12-16/something-strange-taking-place-middle-atlantic-ocean
An industry collapse seems to be at hand which means altered lives...
Looks like $WTIC is going to close at multi-year lows in November's monthly chart...
Something Very Strange Is Taking Place Off The Coast Of Galveston, TX
Submitted by Tyler Durden on 11/12/2015 - 10:43
http://www.zerohedge.com/news/2015-11-12/something-very-strange-taking-place-coast-galveston
The Shale Massacre: Chevron Fires Another 7,000 After Laying Off 1,500 Three Months Ago
Submitted by Tyler Durden on 10/30/2015 10:25 -0400
http://www.zerohedge.com/news/2015-10-30/shale-massacre-chevron-fires-another-7000-after-laying-1500-three-months-ago
Basically, the crude price is holding/consolidating without a great deal of volatility... stable at the moment.
You see what I was sayin?
Same thing happens when someone buys up all the beer!
Oil Surges To $45 After Saudi Troops Invade Yemen
Submitted by Tyler Durden on 08/28/2015 12:30 -0400
http://www.zerohedge.com/news/2015-08-28/oil-surges-after-saudi-troops-invade-yemen
I think the back of the oil/energy bear has been broken... Period.
Check out the newest P&F chart... $15/bbl?!?!?! Que loco!!!
Ooops! That works.
I meant this though.
http://investorshub.advfn.com/Prudhoe-Bay-Royalty-BPT-453/
Track is wrong! Heading for the gulf!
http://www.ssd.noaa.gov/goes/east/tatl/flash-wv.html
Got PBT?
Know what! Hurricane season!
Junk-Rated Offshore Drillers Headed into Bankruptcy: Fitch
by Wolf Richter • August 17, 2015
http://wolfstreet.com/2015/08/17/junk-rated-offshore-drillers-after-hercules-headed-into-bankruptcy-fitch/
Both hands... Yikes...
That's what happens when you mess with the Russians! They break every finger on your hand!
I don't see it below $40.
Pain Worsens for Oil Giants Exxon and Chevron
Date : 07/31/2015 @ 8:48PM
Source : Dow Jones News
http://ih.advfn.com/p.php?pid=nmona&article=67980892
Hey there Lowjack,
Thanks for the chart.
Pro-Life was gracious enough to post a very similar chart on one of my OTC plays.
The two reasons that I am sitting this out for now, is the failed pinch on the weekly chart.
That pinch took months to form and resulted in what looks like a potential dead cat bounce.
The second reason is because Pro-Life incorporated a $USD overlay on his chart.
I can't post complex charts like you guys because I am a cheapskate.
I see several secondary overlays and indicators that might indicate a bounce, but the failed pinch and $USD trend is keeping me out of the game.
Thanks again for posting the chart.
This board is one of the most under utilized boards on ihub.
It would be great to get more guys like you posting opinions here.
Have a great night.
IMO and FWIW.
I am probably preaching to the choir here Pro-Life.
I looked at HES. Wow...not sure I would wanna try to play that.
Its a shame to see those Bakken players hurting.
I would love to see Canadians flipping the bill for the Keystone, that would lower transportation costs for Bakken players to Cushing.
I guess Buffet would then have to sell all those Burlington-Northern oil cars for scrap.
Its part of the reason I still think oil moves higher at some point.
BNSF needs revenues. Oil is the primary force there.
IMO and FWIW.
Hess to Sell 50% Stake in Bakken Assets For $2.68 Billion
Date : 06/11/2015 @ 9:40AM
Source : Dow Jones News
http://ih.advfn.com/p.php?pid=nmona&article=67240826
I agree Pro-Life.
I know there are guys that can make money trading channels, but I am not one of them. I hate trying to make money in a sideways market.
I heard there are around 3000 wells that have been drilled but not finished (fracked) in 2015 so far, waiting to come online.
That new production can come online pretty quickly. It will probably keep $WTIC in the channel.
You never know though.
IMO and FWIW.
hey Pro-Life.
I just saw this slightly dated, but relevant PDF on Texas shale formations.
Its a fairly big file download, but contains a lot of info.
It is 82 pages and about 5 megs, but worth a look.
http://www.howardweil.com/docs/Reports/OtherReports/PermianBasin01-27-14.pdf
Congrats to you and lon on a different play.
Holy Moly, Nice gainer there.
IMO and FWIW.
Breitling Energy has released their full length documentary “Breaking Free: The Shale Rock Revolution” this week online and on DVD.
It was produced by Breitling CEO Chris Faulkner and filmmaker Robin Bossert, focusing on the controversial techniques of horizontal drilling and fracturing.
Here is the trailer. It should be interesting to anyone trading oil and gas stocks or commodities.
Crashes in whatever market are bad for the blood-pressure. Looks the market want's to test the 2009 low. The only ones smiling were those who bought puts and wrote nacked calls.
Crude knows no bottom... Amazing...
What a roller-coaster this has been the last couple of weeks in the Index and in the Crude.
Thanks god I decided for a the leverage 5 to 1 and not higher. Otherwise somebody would have gotten my positions cheap.
Important lesson: When volatility goes to an extrem start with a low leverage
I believe it will test the 30 area,and when it does i will load the boat withUCO,best way to play this by far!
Oil Holds Above $48 After US Stocks Hit Record High
Reuters | Updated On: January 29, 2015 17:52 (IST)
http://profit.ndtv.com/news/industries/article-oil-holds-above-48-after-us-stocks-hit-record-high-735531
London: Brent crude oil futures held above $48 per barrel on Thursday as investor inflows offset data showing that US crude stocks had hit a record high.
By 0928 GMT (2:58 p.m. in India) on Thursday, US crude was trading at about $44.50 a barrel, up 5 cents and off a six-year low hit on Wednesday. Brent was up 26 cents at $48.73 a barrel.
On Wednesday, the US Energy Information Administration (EIA) said domestic crude oil stocks had risen by almost 9 million barrels week on week to nearly 407 million, the highest level since the government began keeping records in 1982.
This pushed US crude futures to an intraday low of $44.08 a barrel, the weakest level since April 2009, but Brent held up relatively well.
"It's a tug of war between the non-supportive fundamentals and investor flows - investors are more concerned about missing a potential bounce," said Ole Hansen, senior commodity strategist at Saxo Bank. "But there is nothing bullish to be found in those numbers. The break will be to the downside."
Analysts expect stockpiles to keep building as US production has shown no signs of slowing, and when refiners enter seasonal turnarounds, utilisation rates will fall.
In addition, the market structure incentivizes traders to buy cheap crude to store, with the aim of selling it at a higher price for future delivery.
"With weak pricing and contango structures across most US grades, storage plays will continue to attract material into tanks. Until seasonal maintenance is out of the way there appears to be little incentive to do otherwise," analysts at Energy Aspects said in a note.
Some traders believe this buying to store has provided a "false bottom" in the market, and that when land storage gets filled, or floating storage economics no longer work, there will be another sell off in futures.
"Traders buying and putting oil into storage may be holding the price for now," said Christopher Bellew, a broker at Jefferies Bache in London. "I see the market as being in a consolidating phase ... (but) at some point I expect a move to the downside."
He suggested Brent could test $40 or go lower. "My principal reason for being so bearish is the production war within OPEC as Saudi and Iraq both seek to maximise sales and US production has not yet started to slow."
Saudi Arabia has said it is unwilling to balance the market alone and will maintain output in hopes low prices will drive higher-cost producers to cut their output.
Copyright @ Thomson Reuters 2014
Reversing... hammer candle on the weekly...
could very well be... the LOD finish today was flat out ugly...
RSI14 is 24.54 on the MONTHLY chart... talk about OVERsold!!!
All energies are beaten severely... more downside ahead...
http://finviz.com/futures_charts.ashx?t=ENERGY&p=w1
Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015?
By Michael Snyder, on December 31st, 2014
http://theeconomiccollapseblog.com/archives/behind-oil-war-low-will-price-crude-go-2015
Click the link for the entire comprehensive article filled with hyper-links...
Thanks Pro-Life.
Have a safe and happy new year.
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