Thursday, June 7, 2012

Barron's Soapbox Take on Current Oil Prices, Supply, Demand, Global Economy

Link here to an interesting article with a fair number of data points for consideration.

I was unaware that US imports of crude oil have actually increased in a "meaningful" way from both Canada and Saudi Arabia. I thought imports from Saudi were dropping.

These increases occurred over the past year, a year in which I thought the American economy was slowing down. Wow, can you imagine what would be happening if the US economy actually started moving again?

The short note recommends investors look at five energy companies, three of which are very, very familiar to readers of Bakken blogs.

Disclaimer: this is not an investment site. This is not a recommendation to buy, sell, or hold any shares in any company mentioned at the link. 


2 comments:

  1. http://www.meagheroil.com/resources/projects/open.htm

    4 CHK offers. None that were priorities for CHK. All packages have some good to great acreage for someone else.

    Anon 1

    ReplyDelete
    Replies
    1. Wow, I missed that. We could have put in a bid. It will be interesting to watch this all play out.

      Delete

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