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I’ve got some data for you that is surprisingly bullish for oil. Even more surprising is what that data relates to, those bloated U.S. oil storage levels. The data I’m about to specifically shows you details the movement in amount of oil that the United States has in storage this year versus recent history. All […]

The EIA’s Weekly Crude Oil Inventory Data A New Source (and era) of Volatility   Rightly or wrongly, the EIA’s crude oil inventory reports move global markets:  Right before the EIA #s came out three Wednesdays ago, WTI crude oil was trading slightly higher—then plunged $1.61/barrel in just two minutes after the Weekly Petroleum Status […]

The Largest “Ethical” Cobalt Explorer in the World is Created The #1 cobalt explorer in the world is being formed now with a proposal for a 3 way merger that would unite one of the leading cobalt camps outside the Congo. This is what institutional buyers have been waiting for to get direct exposure to […]

LITHIUM PRICES TO STAY HIGH THRU 2024–UBS 85 page report suggests industry will remain highly profitable Lithium prices will remain well above historical levels thru 2024, UBS Securities said on Thursday June 15, as electric car batteries reach cost parity with ICE—Internal Combustion Engines—in mid 2018.  They suggest that will spark a huge increase in […]

Kinder Morgan Canada – Is This Now A Sucker’s Bet? If the Trans Mountain pipeline expansion from Alberta down through B.C to Vancouver goes ahead as planned, then Kinder Morgan Canada (KML-TSX) will probably be a decent investment at current prices.  I run through some math with “one-foot-planted-firmly-in-the-air” below and come up with a potential […]

Dan Loeb’s Bearish View on Frac Sand Stocks   Earlier this week, I showed you how the share prices of frac sand suppliers have crashed since February and have generated a lot of pain for shareholders. Here is the not so pretty picture:   Ticker Company 2017 Share Price Peak Current Share Price Decline % […]

It has been a rough couple of months for the shareholders of the big four frac sand suppliers. At the start of 2017 everyone–including me–was buying into the bullish story for these companies based on the industry trend of sand, sand and more sand.  Sand has been the #1 efficiency driver for the North American […]

IS THE TIME RIGHT TO SHORT NATURAL GAS?   Is it time to short natural gas?  I think the time is close.  I got short UNG-NYSE yesterday–the very liquid natgas ETF. In last Thursday’s monthly EIA 914 report, US natgas production rose; in fact it was the biggest jump in production from the Lower 48 […]

By Bill Powers “Insanity: doing the same thing over and over again and expecting different results.” – Albert Einstein Therefore, energy investors in North America are insane. Cheap money (low interest rates) and high oil prices encouraged the drilling of many marginal plays from 2010-2014–causing a huge amount of energy bankruptcies after the oil price […]