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Monday, January 26, 2015 06:46 PM

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Crushing The U.S. Energy Export Dream

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.

Exporting gas is dumb.

Exporting oil is dumber.

The U.S. imports almost half of the crude oil that we use. We import 7.5 million barrels per day. The chart below shows the EIA prediction

U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending.

While that may soon begin

Stock Market Headwinds    In a recent posting, I looked at how demographic changes in the United States would have a long-term impact on housing prices.  As baby boomers who were large consumers of U.S. housing age and become net sellers of residential real estate, the supply of homes for sale will exceed the demand for
Only 1 Guitar Left Bob Dylan’s Gibson J-200 Player’s Edition   Amazon.com started with 7 Bob Dylan guitars a month ago and now they only have one 1 left

By Stephen Pate – The Bob Dylan Gibson J-200 Player’s Edition will soon be sold out. Amazon.com started with 7 guitars and now they only have one Gibson Bob Dylan SJ-200

Switzerland National Bank's Negative Interest Rates A Desperate Measure    Switzerland National Bank's (SNB) recent announcement that they were allowing the value of the Swiss franc to float upwards against the euro, discontinuing the ceiling exchange rate of CHF1.20 to one euro and that they were cutting interest rates on deposits to minus 0.75 percent took
Why Did the Swiss National Bank Unpeg the Swiss Franc?    The announcement that the Swiss National Bank (SNB) was allowing the Swiss franc to "readjust" in value took the market by storm.  Switzerland had long been preventing the value of the euro to weaken below 1.20 against the franc, maintaining the cap by printing francs to buy euros in
The World's Oil Market and How History Repeats Itself    As a petroleum geoscientist, I can quite clearly remember the downturns in the oil industry over the last three decades.  One of the worst occurred in 1986 when the price of oil very rapidly fell from $30.81 in November 1985 to $11.58 in July 1986.  The streets of many oil-centric cities

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Markets Today

o Potash Corp 35.89 0.00 (0.00%)
o Google 535.21 ▼4.74 (-0.88%)
o Suncor 29.86 ▼0.19 (-0.63%)

Potash Corp

Company ID [NASDAQ:POT] Last trade:35.89 Trade time:4:04PM EST Value change:0.00 (0.00%)


Company ID [NASDAQ:GOOG] Last trade:535.21 Trade time:4:05PM EST Value change:▼4.74 (-0.88%)


Company ID [NYSE:SU] Last trade:29.86 Trade time:4:03PM EST Value change:▼0.19 (-0.63%)

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