The political quicksands of energy policy

Energy policy goals, particularly where linked to reduction of carbon emissions, often clash in the short term with consumer demand realities. That is happening right now in the U.S.

Oil and gas – the view from Calgary

Respected analyst Michael Charlton, writing in Industrial Alliance Securities’ Trumpet Call publication today (July 27, 2018), has the following to say about the current situation in the oil and gas sector and what might push commodity prices upwards, which he has kindly allowed us to republish:

Energy Information Administration (EIA) weekly report

Confirming what oil markets had already begun to reflect, the EIA reported this morning (April 18, 2018) that U.S. petroleum stocks are broadly down in almost all categories, with total stocks having declined 10.6 million barrels from the prior week.  Total product demand in the U.S. over the past four weeks is up 5.7% from a year ago.

So much for the slip in oil prices

Themoneynarrative has been suggesting for months now that oil prices are headed higher, and our views have been justified.  Today’s U.S. Energy Information Administration (EIA) weekly U.S. petroleum supply and demand report confirmed a significant drop in U.S. stocks, totalling 8.6 million barrels.

Report from Riyadh

Despite a recent sharp downward movement in oil prices, Saudi Arabia’s Energy Minister, Khalid Al-Falih, yesterday (February 14, 2018) commented that he is sure that cooperation between OPEC and its non-OPEC allies will continue to stabilize the market

themoneynarrative crude oil commentary

On June 21, 2017, WTI Cushing oil closed at US$42.48 [all subsequent references to oil and prices are WTI Cushing].  Yesterday (January 10, 2018), it closed at US$63.55, a 49.6% gain in just six and a half months.  Looking back, the commodity moved in the opposite direction during the same time period in 2015 – 2016, moving from US$59.62 (June 19,