The cost of energy has surged since the COVID-19 pandemic. Energy demand will only rise further as technological innovation requires more power. How will the U.S. absorb that demand?... Read More
Speculators continue to build a larger net long position in natural gas as electricity prices march higher.... Read More
The majority of the world is reliant on non-renewable sources of energy to generate the electricity that powers our homes, factories, and utilities. Access to cheap forms of energy is necessary to produce the goods that power the global economy.... Read More
It is widely accepted that nations around the world are slowly making the shift to electric vehicles and other 'green' initiatives. In practice, this is an admirable goal. However, how nations generate electricity to power a 'greener' economy is just as important.... Read More
The United States can generate energy from a range of resources, but its main source is natural gas. Natural gas has two big uses: electricity generation and space heating. Because of its use in space heating, natural gas usage tends to be highly seasonal.... Read More
Crude oil has rallied 30% in the last two months due to increased demand, supply constraints, and voluntary production cuts by the Saudis and Russians. With speculative positioning bearish and the Strategic Petroleum Reserve (SPR) effectively depleted, signs are the rally can continue.... Read More
The majority of the world is reliant on non-renewable sources of energy to generate the electricity that powers our homes, factories, and utilities. Access to cheap forms of energy is necessary to produce the goods that power the global economy. ... Read More
The evolving energy crisis in Europe has caused many to question global dependence on non-renewable energy sources. Access to cheap forms of energy is necessary to produce the goods that power the global economy. What lies ahead now that these forms of energy generation are becoming more expensive?... Read More
Energy costs in the United States have risen substantially in the past 18 months, contributing significantly to the rise in inflation. Natural gas accounts for the largest percentage of US energy generation and inventory levels are below trend. ... Read More
There are currently two main factors driving record levels of inflation, housing and energy. While Europe is currently facing an intolerable energy crisis, the United States is faring slightly better on the energy front for the time being.... Read More
Europe's energy crisis is becoming intolerable and politicians are promising action, but reduced supply from Russia limits possible solutions.... Read More
In the week ending August 19, the Strategic Petroleum Reserve shrunk by 8.1 million barrels. This was its largest weekly drawdown on record.... Read More
The story in the oil market is much the same as other parts of the economy. Booming demand is outstripping available supply. This cannot be fixed by the Saudis pumping their oil wells a little faster. The entire global supply of crude oil is falling short of desired demand.... Read More
As colder weather approaches in the Northern Hemisphere, Europe's natural gas supply is well below historical averages.... Read More
Despite crude oil prices rising over 50% this year, frackers are hesitant to increase drilling activity.... Read More
Yesterday Jim talked to Erik Townsend of Macrovoices about a potential black swan event due to negative crude oil prices.... Read More
The average price of gasoline in the U.S. has increased 51 consecutive trading days.... Read More
The latest drop in crude oil may be the most painful to date. Spot prices and longer-dated oil swaps are falling into the range of estimated breakevens for U.S. shale. The gap between integrated and independent producers is likely to widen. ... Read More
The fall in crude oil prices has wide ramifications for global growth and inflation expectations. If crude prices rebound, do we risk a whipsaw?... Read More