That's why oil was up. There won't be an emergency OPEC meeting, so oil and oil stocks are headed back down.
today's cross licensing deal with butamax is a great deal. gevo should be over 5 bucks right now! it will once today's news sinks in.
Sentiment: Strong Buy
They would be a lot richer right now if they would have. He's been bearish and been right. SSH is a total disaster. Probably headed to zero.
Sentiment: Strong Sell
tomorrow, I'll be buying and then selling next wednesday after the EIA inventory numbers come out. Hopefully it's another draw down and ESV has another spike.
tom48482100, and Saudia Arabia won't be pumping well over 10 million barrels per day over the next 5 years. They are running huge budget deficits at 50 bucks per barrel. They need oil at 90 per barrel to balance their budget. I expect the Saudis to cut back oil production by 1 to 1.5 million barrels per day by before the end of 2016. I believe we see much higher oil prices a year to a year and a half from now.
The reasonably well-regarded National Iranian Oil has the technical chops to restore, eventually, the million or so barrels a day in production that were lost when the last round of severe sanctions went into effect in 2012. But it won’t be able to bring more than 500,000 barrels a day back on line within six months after sanctions relief, says Andrew Slaughter, head of the Deloitte Center for Energy Solutions. The rest will take up to two years, since gas needs to be reinjected, equipment repaired, and personnel redeployed. An added one million barrels a day would increase world production by 1%, not enough to affect oil prices significantly.
even with the additional supply from Iran. The offshore oil drilling sector should bottom soon on this news, imo. boraq@tradingchannels on twitter sees wti dropping to just below 50 and then rebounding strongly. If SDRL gaps down at the open tomorrow, I'll start a long position.
He wants to cut carbon emissions and lower fuel costs. Will this be good for GEVO? tia.
after the market close on friday. This is very bullish for ng. Below is from hiddenvalueinvestor on Seeking Alpha.
The EIA has revised its estimate for first quarter natural gas production down by a whopping 2 Bcf/d from 74 Bcf/d to 72 Bcf/d.
The EIA has revised first quarter natural gas consumption up by .7 Bcf/d from 96.3 Bcf/d to 97 Bcf/d.
The massive revision to production and consumption leads one to question if the EIA storage model is correct and will it be revised to show less natural gas in storage?