|
||||
|
BeatingTheIndex is featured this week! I would like to give a big thank you to Larry MacDonald for featuring BeatingTheIndex in the “Me and My Money” section of the Globe & Mail. Thanks for giving me the opportunity and for doing a great job with the interview. Welcome Globe & Mail readers! For Continue reading Weekend Edition: Me and My Money What happens when Edmonton Par (Canadian light oil benchmark) trades at a discount of $9.50 to WTI and when Western Canadian Select (Canadian heavy oil benchmark) trades at a whopping $33 discount per barrel to WTI? Then what happens when WTI oil trades at an $18 per barrel discount to Brent? Canada loses billions of Continue reading Weekend Edition: Canada Losing Billions in Oil Discount BP just released its Annual Energy Outlook 2030 which contains its projects for future energy trends. BP sees overall energy demand growing about 40% over the next 20 years. Not surprisingly, virtually all growth will be coming from developing countries with China and India alone responsible for more than half of the Continue reading Weekend Edition: 2012 BP Energy Outlook 2030 The EIA reported some good news last week: increased energy efficiency + increased domestic production of oil, natural gas and renewables will reduce U.S. dependency on imported energy resources. This should not come as a surprise as onshore US domestic production is steadily increasing year after year; one simply has to look Continue reading Weekend Edition: U.S. Reliance on Energy Imports in Decline through 2035 That’s right, you’re not dreaming! There’s a promo going on in Saudi Arabia where you can get a free liter of gas for every chocolate bar you buy. Just think of how wasteful that is coming from one of the top oil producers in the world. Free petrol is being offered at Continue reading Weekend Edition: Free Petrol with Every Snickers Chocolate Bar The winter drilling season started with a bang this year as the number of rigs in the ground last week reached 83% utilization rate, a 5 year high as producers kicked off their drilling programs. Obviously, thanks to high oil prices, it’s open season in the hunt for liquids (oil & liquids rich natural gas). Continue reading Weekend Edition: Oil and Gas Drilling Reaches 5 Year High Major investment banks are bullish on oil prices for 2012 citing a tight supply/demand situation thanks to increasing oil demand from emerging markets. Goldman Sachs maintained its 2012 price forecast of $120 a barrel for Brent and 112.50 a barrel for WTI. JPMorgan predicts oil prices will hit $120 a barrel by the end of Continue reading Weekend Edition: 2012 Oil Price Forecasts I would like to wish you all a prosperous year for 2012 but above all a healthy one (Health over money any-time as in my opinion this is what true wealth is about). It’s been slow on BTI this past week as I have been enjoying a relaxing vacation spent amongst family and friends. I hope you Continue reading Weekend Edition: Happy New Year! Even though 2011 will soon be behind us, I look towards 2012 with reservation because the challenging economic environment will continue into the New Year. The ongoing crisis in Europe, the upcoming US election and the slowing Chinese growth will guarantee periods of excess volatility. Will the US weak labor market improve? Will softer growth Continue reading Weekend Edition: Get Ready for a Challenging 2012 According to Exxon, America’s largest energy company, oil will remain the world’s largest energy source by 2040 accounting for 32% of global demand vs. 34% in 2010. This is after taking into account gains in efficiency and hybrid cars making up 50% of the total personal vehicle fleet! |
   
|
|||
|
Copyright © 2012 BeatingTheIndex.com - All Rights Reserved Powered by WordPress & Atahualpa |
||||
February 17th, 2012 
Category: 
My DIY stock portfolio is overweight in Canadian oil producers for a reason. I believe Oil consumption is on the path of growth for the next decade and I intend to take every advantage possible of it:
