Correlation Economics Backup

The commodities to buy are: gold, lead, cocoa, rice, sugar, oil, gas. The commodities to sell are: lithium, tin, iron ore, zinc, palm oil, cotton, coffee, coal.

Where is shale oil and gas coming from? Novilabs shows the decline rates for oil and gas.  Permian oil: Permian gas: Eagle Ford oil: Eagle Ford gas: Bakken oil: Bakken gas: Haynesville gas: Shale oil production is not rising that fast anymore. U.S. oil production is peaking.

AECO historically followed HH natural gas.

Bull trends have strong volume up and weak volume down. 

Pieridae Energy with a decline rate of 8% isn't even listed. How dare they!  

Russian oil exports collapsed, but rebounded again somehow.

Oil product inventories are flat. Global oil inventories declining.

The EU put a price cap of 180 euro/mwh on natural gas and 35 euro/mwh band on LNG.

Oil well productivity peaked. EOG resources well productivity: Oil break-evens are rising. Gas breakevens are around $4/mcf. Leading to oil and gas production peaking. Permian production is peaking.  

Another headwind to oil production.

Nuclear plants cost a lot of money, especially at high interest rates.  Gas is still the cheapest source to build . But solar is emerging.

Natty is winning from oil and coal. 

China oil demand is up. Seaborne crude imports were at 10m bbl/d or 1.3 tons/d or 40 tons/month. Longer term. Asia.