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ENERGY MARKET UPDATE JAN 13th: Volatile Natgas Prices, But Remain At Yearly Lows & Oil Prices May Remain Weak Into 2024

While Natgas prices were extremely volatile last week, they continue to remain at yearly lows.  So, what’s next for the Energy Market heading into 2024?  With petroleum demand beginning to weaken in the United States, it could set up for lower prices in the next few quarters…

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THE GREAT U.S. OIL BAMBOOZLE: How The U.S. EIA Is Manipulating Crude Oil Production Data

While the world recently celebrated the United States for hitting a new record high in crude oil production, there seem to be some accounting irregularities at work.  How so?  Out of the blue, U.S. crude oil production began to surge in July, reaching a stunning 13.3 million barrels per day…

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THOSE LOUSY MATHUSIANS KEEP GETTING IT RIGHT… LOL: Global Conventional Oil Discoveries Hit Record Low In 2023

Now that the 2024 Happy New Year celebrations are behind us, let’s look at some good news.  Global conventional oil discoveries hit an ALL-TIME Record low in 2023.  Even though global exploration spending increased last year, discoveries fell to the lowest level in the past 100 years…

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RECORD U.S. OIL PRODUCTION & MARKET UPDATE DEC 31st: How Sustainable Is U.S. Oil Supply & Has Domestic Demand Peaked?

While the market applauds record U.S. oil production surpassing Saudi Arabia and Russia, how sustainable is this supply?  Also, what is happening with the critical U.S. diesel supply and inventories?  And how would a recession impact U.S. fuel consumption in 2024…

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