Wednesday, January 3, 2018

WTI Creeping Up -- January 3, 2018; The S&P Has Risen For 14 Months Straight, A New Record

Active rigs:

$60.891/3/201801/03/201701/03/201601/03/201501/03/2014
Active Rigs523960171185

RBN EnergyHaynesville natural gas production is surging -- again -- but will it last?

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Other News

Venezuela: misses another debt payment. The country has $9 billion payments due in 2018.
 
Venezuela: has run out of gasoline.

US banks: business-loan growth fell off a cliff in 2017 and no one can figure out why. This has been noted before. Now The WSJ has the story.

Coincidence? I think not: the S&P 500 has risen for 14 months straight, a new record. Let's see, how many months ago was Donald Trump elected president? November, December, January, February ... hmmmm. 14 months. And "they" call it "synchronized global growth." LOL.