Recent comments by energyecon

New U.S. oil data shows lower 2015 production: EIA
| Reuters

The Energy Information Administration said its new survey-based output data showed the United States pumped a hair below 9.3 million barrels per day in June, down by 100,000 bpd from a revised May figure.

The June figure was also nearly 250,000 bpd below what the EIA had estimated a few weeks ago, highlighting the steep reversal in output as a five-year boom sours and suggesting to some analysts that a global glut might ease sooner than expected.

"If the downward trend in U.S. production continues, global markets should return to balance by early 2016," said veteran energy economist Philip K. Verleger.

Brazilian president's longtime foe may be 'political suicide bomber' leading to impeachment | Fox News Latino

If the worst economic crisis in a decade, a massive corruption scandal centered on her ruling party and approval ratings in the single digits weren't rough enough for Brazilian President Dilma Rousseff, she's now faced with growing calls for her impeachment.

Eduardo Cunha, the powerful speaker of Brazil's lower house of Congress, is Rousseff's sworn enemy and has been charged by her attorney general with taking millions in bribes in connection with a sprawling corruption scandal at state-run oil company Petrobras.

He's also the man who can call for an impeachment vote in the Chamber of Deputies against the president, an action that two-thirds of Brazilians say they want to see happen, according to polls.

StarKist Tuna class action lawsuit: $25 of cash or $50 of tuna. Your choice. - Aug. 27, 2015

Federal law requires 5 ounce cans to contain between 2.84-ounces and 3.23-ounces of tuna, depending on the type. The customers said StarKist cans were a little bit below those minimum requirements.

Many people who purchased StarKist tuna will be getting notices of the settlement and the chance to make a choice between cash and tuna. But those who bought the tuna and don't get a notice can sign up for the settlement at a website. They don't need a receipt, but they will need to swear that they purchased the product.
The law firm that brought the suit, Bursor & Fisher, will get up to $4 million, presumably all in cash.

Venezuela's currency is worth less than a napkin - Aug. 18, 2015

A photo posted on Reddit Monday has gone viral. It showed a man holding his empanada with a $2 Venezuelan bolivar bill as a napkin.

Most Venezuelans exchange dollars and bolivars on the unofficial exchange rate, which has skyrocketed over 700% over the past 12 months. One U.S. dollar equaled 82 bolivars a year ago. Now a dollar is worth 676 bolivars, according to, a website that tracks the unofficial rate.

There were only 3 ZIP codes in America without any Ashley Madison accounts — here they are

Nikolai, Alaska (99691) — Population: 94 (2010 Census)
Perryville, Alaska (99648) — Population: 113 (2010 Census)
Polvadera, New Mexico (87828) — Population: 269 (2010 Census)

There's still lots of low hanging fruit around as well

No. If that were the case then we would not be cracking what used to be called source rock in the Bakken, nor would we be drilling 15,000 feet down in the GOM.


New Keyboard How about a pikanik basket?

SP500 Range: 1,867.08 - 1,948.04 (80.96 points for a mere 4.2%)
DOW30 Range: 15,651.24 - 16,312.94 (661.7 for a meager 4.1%)

Ticking time bomb me, now that was a bitchin' fade call!

Looks like the big dogz r short n selling all rallieeez...

So how long will the most recent hit of QE dope from China keep the market feeling euphoric?

so, they are taking a page from the financial press?

Paper wealth is chips on the table... dollar value is not yours until they are cashed in.

It is kind of a trip when the S&P is losing points like it is the NASDAQ...

Better still: "Phantom Purchasing Power equivalent to 10% of one-year's GDP has gone poof", which is what I think you meant?

pfffft... priced on the margin but to turn that into cash it would never, ever be that number - something between that number and the current value - depends on the VWAP.

OK three, two, one... we are in the final half hour of the market!

the dreaded death scissors of Antares

Dude, I think you have Sins of a Solar Empire open at the same time as your trading screen!

Sir, a Mr. Margin on Line 1?

Oh it's not so volatile - yet. I recall doing some analysis around the 5 day average intraday range, and found that when we experienced a 10% range for the that 5 day average. it was the first time since 1929 (I forget if that was in 2007 or 2008). That was for the DOW 30.

Day's Range: 15,370.33 - 16,459.75
ATM 16,098

New Keyboard Meh, a baby Slumdog Slumdog after this morning's antics - 'tis only a scratch!

It looks like there was a lot of buying this morning.

Fixed It For Ya

Suzanne - she's the one who researched it!