Publications: Notes at the Margin
Oil Is "Busting Out" All Over (April 10, 2017)
Several new reports on US oil and gas reserves came out last week. All point to a richness never before noted. Forecasts of US output will need to be revised upward substantially if the independents are as successful in tapping other fields as they have been in the Permian Basin, where production is now averaging 2.2 million barrels per day and is expected to rise another 300,000 barrels per day by year's end. In our view, their success will be contagious. The US Energy Information Administration recently published a short-term outlook predicting an eight percent increase in US production from 8.8 million barrels per day in December 2016 to 9.5 million barrels per day in December 2017. Given recent trends, the estimate will likely need to be revised again, perhaps to ten million barrels per day or more. This week's report provides, as always, details and market implications.
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- Notes at the Margin
- Confused (February 18, 2019)
- Volatility Matters (February 11, 2019)
- Oil Markets in 2019 and 2020: No Feasibl...
- China's Threat to Refining Margins/Will ...
- Fracking's Achilles' Heel... (January 21...
- Hook to OPEC's Rescue (January 14, 2019)
- For the Lack of a Nail (January 7, 2019)
- What Ails Oil? (December 31, 2018)
- Rethinking Market Fundamentals III (Dece...
- Rethinking Market Fundamentals II (Decem...
- Rethinking Market Fundamentals (December...
- Revenge of the Quants: Robert Mertons' O...
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- Blindsided by Gasoline: IMO 2020 Preview...
- Sanctions Surprise (November 5, 2018)
- The US at the IMO (October 29, 2018)
- The Aftermath (October 22, 2018)
- From London to Denver (October 15, 2018)
- A Policy Too Far? (October 8, 2018)
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- Designing Circuit Breakers for IMO 2020 ...
- Emerging Markets Again... (September 17,...
- The Emerging Market Threat (September 10...
- Quick Thoughts (September 4, 2018)
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- Hedge Now! (August 20, 2018)
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- Trump, Tweets, Trade (July 9, 2018)
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- Blame the VIX (February 12, 2018)
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