Post by jeffolie on Oct 25, 2012 16:12:44 GMT -6
Oil supply up: US=Saudi, China cools, prices down
Fracking oil, nat gas has raised the American oil production to approaching the Saudi production. Manufacturing declined in the West and cooled in China resulting in declining prices plus the middle east oil interruption threat cooled as the Netty red line deferred an attack of Iran for about 4+ months reducing the war oil premium.
my jeffolie view: energy costs related to oil, nat gas will decline tamping down surging housing costs to moderate govt inflation numbers in America
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www.ritholtz.com/blog/wp-content/uploads/2012/10/Chart8.jpg
www.ritholtz.com/blog/wp-content/uploads/2012/10/When-China-Sneezes.jpg
2.bp.blogspot.com/-VFinIVaV-FY/UIg9A-hUF2I/AAAAAAAASPA/yU2DI6Rxe3M/s1600/markit%2Beurozone%2Bflash%2Bcomposite%2B2012-10-24A.png
U.S. may soon surpass Saudi Arabia in oil production
10/24/2012
www.denverpost.com/recommended/ci_21839413
absent Boeing's volatile order book (which can be cancelled with one phone call), and which soared by 2,640% (from 535MM to 14.7BN): Capital Goods excluding aircraft declined by 0.3% on expectations of a 0.8% increase, following a 1.2% decline last month, and down 1.6% from the month before. This was the third Cap Goods number in a row that has missed expectations, and is the only relevant number in the entire series from a macroeconomic standpoint.
www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/10/20121025_capgoods.png
Overall an ugly report which will likely results in a reduction in GDP forecasts when the beancounters boot up their abacuses.
www.zerohedge.com/news/2012-10-25/initial-claims-beat-week-will-miss-post-revision-core-capital-goods-shipments-miss-t
Fracking oil, nat gas has raised the American oil production to approaching the Saudi production. Manufacturing declined in the West and cooled in China resulting in declining prices plus the middle east oil interruption threat cooled as the Netty red line deferred an attack of Iran for about 4+ months reducing the war oil premium.
my jeffolie view: energy costs related to oil, nat gas will decline tamping down surging housing costs to moderate govt inflation numbers in America
============================
www.ritholtz.com/blog/wp-content/uploads/2012/10/Chart8.jpg
www.ritholtz.com/blog/wp-content/uploads/2012/10/When-China-Sneezes.jpg
2.bp.blogspot.com/-VFinIVaV-FY/UIg9A-hUF2I/AAAAAAAASPA/yU2DI6Rxe3M/s1600/markit%2Beurozone%2Bflash%2Bcomposite%2B2012-10-24A.png
U.S. may soon surpass Saudi Arabia in oil production
10/24/2012
www.denverpost.com/recommended/ci_21839413
absent Boeing's volatile order book (which can be cancelled with one phone call), and which soared by 2,640% (from 535MM to 14.7BN): Capital Goods excluding aircraft declined by 0.3% on expectations of a 0.8% increase, following a 1.2% decline last month, and down 1.6% from the month before. This was the third Cap Goods number in a row that has missed expectations, and is the only relevant number in the entire series from a macroeconomic standpoint.
www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/10/20121025_capgoods.png
Overall an ugly report which will likely results in a reduction in GDP forecasts when the beancounters boot up their abacuses.
www.zerohedge.com/news/2012-10-25/initial-claims-beat-week-will-miss-post-revision-core-capital-goods-shipments-miss-t