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Vet67to82
Vet67to82
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Vet67to82's Blog : The US EIA Crude - Nat Gas Reports

Date May 13, 2010    Comments Comments (2)    Rate this post Recommend This Post (108)   
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Our markets, the DJIA, the Nasdaq, and the S&P, as well as many other indicii, depend on the Energy Sector. If the Energy sector has a bad day ... the markets are going to have a bad day.

I recommend visiting the United States Energy Information Administration's (US EIA) website.

You won't find info on ships being used for storage, and there's a lot of other info I feel is critical - yet missing, But, for those of you who don't know crude oil market basic info but want to know how it all works, the US EIA has a 6 chapters primer with over 400 links that's going to explain a lot. ( yep, 400 links ... making it easy to upgrade our knowledge )

For " Oil Market Basics "

" A primer on oil markets combined with hotlinks to oil price and volume data available on the Internet Office of Oil and Gas, Energy Information Administration "

Go to http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_pub......

The US EIA has a lot of info that you can download, like the West Texas Intermediate (WTI) history in spreadsheet form, reports in .XLS, PDF, etc

The crude report is usually 10:30 - 10:35 AM EST every Wednesday except on a holiday shortened week, then it's published with the Nat Gas report ... which is every Thursday usually 10:30 - 10:35 AM EST
Tags : WTI   APA   COG   CHK   WMB   XOM   COP   CVX   USO  

2 Comment(s):

Author Vet67to82     Date May 18, 2010 14:46  Edited: May 18, 2010 by Vet67to82 Abuse this post Report Abuse
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The US EIA moved the " Oil Market Basics " primer ...
here's the new link:

http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/oil_market_basics/default.htm
Author Vet67to82     Date May 19, 2010 12:05 Abuse this post Report Abuse
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... resistance in tn the S&P500 seems to be 1170 -1172 area ...

Well. since the well blowout in the gulf ... gov''t is now leaning toward nat gas ... and I think you could begin to see a push to get big rig trucking using nat gas ... and more of our "larger" vehicles ... it makes great sense as a transition fuel and great sense as a way to lower the USA trade deficit ...

ALSO ... " sovereign " wealth funds like CHK ...

Chk is using the money to pay down debt which will (1) reduce interest expense, and (2) increase earnings ... and I agree with them and CHK's CEO .. CHK' s market cap of around 14.2 B is way too low ... should be 56 to 57 Billion ... so CHK is on sale BIG TIME due to nat gas pricing ...

XOM is buying XTO now ... because XTO is on sale -- quite a deal for the assets

... very few stocks left from the " 2008 global market meltdown " that have that VALUE ...
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