U.S. average gasoline price falls below $2.00 per gallon for first time since 2009

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Based on EIA’s weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the first time since March 23, 2009. The U.S. average retail regular gasoline price had last …

Chinese stocks enter bear market – Jan. 15, 2016

Chinese stocks have fallen into bear market territory. The Shanghai Composite ended the week the way it started, dropping as worries persisted about China’s cooling economy and sinking currency. It closed down 3.6% Friday, more than 20% below its recent high in December, the threshold for a bear market. Other Asian indexes also slipped, despite …

President May Have Exaggerated Role of Stimulus in Clean Energy, Experts Say

WASHINGTON — President Obama, in his final State of the Union address on Tuesday night, boldly proclaimed the successes of what he called “the single biggest investment in clean energy in our history,” the 2009 economic stimulus that pumped $80 billion into clean and renewable energy projects. “In fields from Iowa to Texas, wind power …

Stephen R. Brunner Interview – PTRC Micro Cap E&P Company

We are pleased to announce a new audio interview with Stephen R. Brunner, President of Petro River Oil Corp. OTCPink: PTRC Mr. Brunner has over 30 years of experience in domestic and international operations in the exploration and production industry as well as extensive public company management experience. Since 2008, Mr. Brunner has served as …

Oklahoma production data shocks oil market

“Shocking” data from Oklahoma may be moving the oil market this week as much as the shouting between Saudi Arabia and Iran, WSJ‘s Nicole Friedman reports. First, data released Thursday showed that while U.S. oil production is falling, overall output is higher than previously reported; new reporting methodology prompted the EIA to revise its production data higher for …

Inside Oil’s 9% Rise

Summary Oil prices soared this past week, driven largely by great news coming from the EIA. Although not every indicator (think production) was bullish, the drop in inventories was impressive and shows signs of potential capitulation. Add to this the drop in the Baker Hughes rig count and investors should remain more bullish than bearish …

Crude Oil – Magnificent Short Squeeze To Come Sooner Than You Think

Summary WTI crude oil prices peaked at $105 per barrel in June 2014 and fell to a low of $37.65 on Dec. 7, 2015 (down more than 64% of its price). Overproduction, high inventories, Saudi Arabia’s battle with U.S, shale oil producers and with Iran, and OPEC’s failure as an institution are the main causes. …