Stock market prognosticator
An alternative view of events in today's financial markets with an emphasis on Value and Contrarian Investing. BP just released the BP Statistical Review of World Energy, which is published annually, and covers consumption, production and other statistics on oil, natural gas and other forms of energy for I just wanted to point out the statistics on domestic United States production of oil and natural gas.
Natural gas production moved up as everyone expected due to the large scale development of unconventional resource basins. United States natural gas production increased by 3.
It would be premature to read too much into this number, as a one year increase in production coming after a generation of declining numbers, might be a statistical blip.
Also, the deepwater moratorium on drilling will impact domestic oil production going forward. Here is a link to the full report. Posted by TJF at 8: BP , Natural Gas , Oil , Statistical Review of World Energy. The Federal Reserve Bank of New has added a new section to its web site detailing the assistance that the bank has extended to AIG during the financial crisis.
This aid was given, according to the bank, to "to preserve the stability of an already fragile U. The link is here.
Posted by TJF at 1: AIG , Federal Reserve , New York Fed. Those investors that dabble in the Energy Sector are probably familiar with Arthur Berman, who runs a blog called the Petroleum Truth Report , and has staked his reputation on a bearish point of view on the shale gas resources that are believed by many to be the greatest thing since sliced bread.
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Berman comes with impeccable credentials which lends an air of respectability to his writings. He is a Petroleum Geologist that worked for a major oil company for most of his career.
His latest piece was published on the Oil Drum , and I recommend that everyone read it, not because I necessarily agree with everything that he writes, but investors shouldn't fear an opposite opinion.
Here are some provocative excerpts from the post: Claims that shale gas has resulted in years of supply are based on circular references without underlying documentation, and also do not take high decline rates or anticipated future demand growth into account.
Posted by TJF at 4: Arthur Berman , Energy , Shale , unconventional resources. Proud member of Investors Blog Network , a FeedBurner Network.
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