January 18th, 2012 by Belisarius
The consensus with which I agree is that the Euro zone is heading into a recession. While the economic activity has somewhat improved over the last months in the U.S. I remain doubtful whether the U.S. can escape the recession when Europe enters one. The data coming from China doesn’t (jet) point to a hard landing. For the time being it looks like that the Chinese government is in control. The measures to contain inflation and raising real-estate prices are successful, while in the same time China is has taken early steps to increase domestic consumption and re-balance the economy. One should not disregard and keep close watch on soft data coming from China especially in real estate and commodity related industries which are not reflected in the official data and could be pointing to serious issues.
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January 13th, 2012 by Belisarius
Total collapse because of oversupply.
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December 16th, 2011 by Belisarius
Working gas in storage fell 102 Bcf from previous week. Consensus was at -92 Bcf.
Storage level is 177 Bcf higher than same time year ago and above 5-year average.
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December 13th, 2011 by Belisarius
Number of crude oil drilling rigs in the U.S. rose for 28 in the last month; Number of natural gas drilling rigs fell for 57.
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December 9th, 2011 by Belisarius
Massive oversupply.
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November 4th, 2011 by Belisarius
Further deterioration in fundamentals.
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October 21st, 2011 by Belisarius
Total deterioration in fundamentals.
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October 13th, 2011 by Belisarius
Working gas in storage rose 112 Bcf from previous week. Consensus was at 102 Bcf.
Storage level is 69 Bcf lower than same time year ago and has moved above 5-year average.
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October 4th, 2011 by Belisarius
Leading economic indicators are pointing to a recession. At the time being it looks like it could be a mild one, but taken into account all the unknowns (EMU future, China slowdown, bank balance-sheet question) it could easily develop into something more ominous.
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September 16th, 2011 by Belisarius
Working gas in storage rose 87 Bcf from previous week. Consensus was at 82 Bcf.
Storage level is 155 Bcf lower than same time year ago and bellow 5-year average.
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September 9th, 2011 by Belisarius
Working gas in storage rose 64 Bcf from previous week. Consensus was also at 64 Bcf.
Storage level is 139 Bcf lower than same time year ago and bellow 5-year average.
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September 2nd, 2011 by Belisarius
Working gas in storage rose 55 Bcf from previous week. Consensus was at 60 Bcf.
Storage level is 145 Bcf lower than same time year ago and bellow 5-year average.
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August 19th, 2011 by Belisarius
Working gas in storage rose 50 Bcf from previous week. Consensus was at 47 Bcf.
Storage level is 179 Bcf lower than same time year ago and bellow 5-year average.
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August 12th, 2011 by Belisarius
Working gas in storage rose 25 Bcf from previous week. Consensus was at 35 Bcf.
Storage level is 202 Bcf lower than same time year ago and bellow 5-year average.
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August 8th, 2011 by Belisarius
Number of crude oil drilling rigs in the U.S. rose for 24 in July; Number of natural gas drilling rigs rose for 6.
On world scale number of oil & gas drilling rigs rose for 140 in July.
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