“America met 83 percent of its energy needs in the first six months of the year, department data show.” Financial Post
Oil Recovers From Eight-Week Low After U.S. Inventories Dropped at Bloomberg.
“…oil inventories still remain at record highs for this time of year.” Bespoke. Wicked: Oil supply/demand vs price: Yardeni.
The Emerging Threat to Oil Prices: WSJ. (Google the title to read the entire informative piece.)
Yet, Gasoline prices remain ‘stubbornly high’ at Fuel Fix. While crude oil is flush, products are tight: Chartfest at BMO.
“Today, you’ve had almost a 50– or 40-per-cent increase in [natural] gas prices, but the offsetting decline in NGL pricing has effectively made average pricing for a gas-focused producer the same,” Mr. Mageau said. “You’re realizing the same price today as you were in April.” Globe and Mail.
Pathetic electric car sales: Green Car Congress.