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Energy & Commodities

There Is No Such Thing As Peak Oil Demand

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Posted by OilPrice.com

on Thursday, 30 March 2017 11:41

UnknownNotwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.

The so-called balance of supply and demand has always been a moving target, a race to the top in which the two run neck and neck. Imbalances result from out-of-step growth rates and not from movements away from a stationary balance. Perversely, imbalances breed further imbalances as the supply and demand components are provoked in opposite directions but with different timing, magnitudes and inertias. Without sufficient damping, the market has often overcompensated. Of course, there are also exogenous events like political turmoil, policy shifts, technological innovations and demographic changes which can unexpectedly and significantly alter not just the immediate balance but fundamentally shift the way supply and demand curves respond to price movements. The trends are plagued by inherent and irreducible irregularities.

Such a structural change has recently occurred. High prices persisted long enough for the industry in the U.S. to build a larger fleet of modern rigs and to learn how effectively to hydraulically fracture shale wells. It also persisted long enough for new efficiencies to incubate towards maturity, and the Paris accords promised to further reduce carbon emissions through policy changes. By the time that Saudi Arabia finally acted to protect not only its place among suppliers but also, and more importantly, the role of oil in the world economy. The backbone of shale supply in the U.S. was strong, and the seeds of lesser use were established. After these fundamental shifts, the rest of the world realized what Saudi Oil Minister Al-Naimi argued long ago and what Shell Oil has more recently asserted, namely that peak demand will occur long before peak supply.



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Energy & Commodities

Major Supply Shortage: Critical Minerals Igniting Cobalt Bull Market Mania

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Posted by The Market Oracle

on Monday, 27 March 2017 06:26

Collapsing oil prices are only the beginning as fossil fuels are turning into a historic relic, says Kenneth Ameduri, chief editor of Crush the Street. He discusses two commodities whose demand he expects to skyrocket as the world shifts to cleaner energy.

Elon Musk is at the forefront of this movement with his innovations that are turning fossil fuels into a historic relic. Some say oil's true price per barrel with the "supply glut" that exists and the innovations in the battery space is $20 per barrel.

Ameduri3-24-17-2 1

...continue reading HERE

....also:

As Uranium Price Turns, Insiders Stock Up on Energy Fuels

 



Energy & Commodities

As Uranium Price Turns, Insiders Stock Up on Energy Fuels

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Posted by Joe Reagor - ROTH Capital Partners

on Friday, 24 March 2017 07:08

Joe Reagor of ROTH Capital Partners explains the factors that have kept uranium spot prices down, how much longer they will be in effect, and why uranium should be on investors' radar screens today. He also discusses four uranium companies that are in position to benefit from the looming uranium shortage.

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The Energy Report: How do you see the big picture for uranium? Spot prices have dropped recently. Are you still bullish?



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Energy & Commodities

The Oil Cycle Due To Bottom at Lower Levels

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Posted by SmartMoneyTracker

on Tuesday, 21 March 2017 07:27

The yearly cycle low in oil is due this spring, probably in April or early May. Odds are high that oil will drop to below $42 a barrel.

 

Click on chart below for price action to Mar 21st 7am PST

Screen Shot 2017-03-21 at 7.04.35 AM

https://blog.smartmoneytrackerpremium.com/



Energy & Commodities

Visualizing The World's Deepest Oil Well

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Posted by Visual Capitalist

on Monday, 20 March 2017 13:44

In a remote part of eastern Russia, the world's deepest oil well has been drilled to incredible depths.

Operated by Exxon Neftegas Ltd, it helps to unlock a shelf that is expected to yield 2.3 billion barrels of oil.

But even more fascinating is the old Soviet well that previously held the record for drill depth, in which drillers thought they reached "hell" itself in 1992.

Click on the image for full image and full story:

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