Oil and Gas: What mortals these fuels be.

Home


 

 

Interviewer: "What accounts for your success, Mr. Getty?"

J. Paul Getty: "Some people find oil, some don't."

  • Search EIS

  • Subscribe

    I post an occasional newsletter on this site and I post other information and views on energy investment matters more frequently. Subscribers are notified by email - not more than a few times a month - when a newsletter is posted and sometimes when other postings of particular brilliance are made. There is no cost to subscribe - just fill out the blanks below to be added to the mailing list. You can manage your subscription (put it on hold or cancel it) from any email that I send you. My mailing list is not shared with any other organization.
    * Email
    First Name
    * = Required Field
Please understand that I am not an investment advisor, registered or otherwise. I may mention particular companies in one regard or another but that does not constitute a recommendation that anyone buy or sell the securities of such a company. I may buy or sell securities that I write about either before or after I post comments on said securities. You should do your own research before making any investment decision. If you chose to invest in ways similar to my own decisions and if such investments result in losses, you are wholly responsible, not me. Also, be sure that you take personal credit if your investments are successful.


If you would like to email me directly, you can do so at
jim's email
Sorry, but in order to protect myself from spammers, you will need to retype my email address.


RSS Feed
RSS Feed

 

 

Print This Post Print This Post

China Continues Its Rapid Growth

The Chinese economy grew at a rate in excess of 10% per year during the first six months of 2008, according to this story in the Wall Street Journal.  While that rate is 20% lower than the 12% rate in 2007, it is still extremely healthy.  It suggests an increase in oil demand in the 5% - 7% range.  Of course, China is also building its strategic petroleum reserves too, so the total increase in oil demand in China might be closer to 10%.  That is probably about enough to offset declining demand in OECD countries. 

Here is a chart from the Wall Street Journal story: 

[Image]

Tags:

This entry was posted on Friday, July 18th, 2008 at 9:26 pm and is filed under China, India and the Pacific Rim, oil demand. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Print This Post Print This Post

2 responses so far ↓

  • 1 paultaut // Jul 18, 2008 at 10:27 pm

    Lets see, massive snowstorm damage to the East. Massive earthquake damage to the West. Typhoon flooding to the South and The shut down of a bunch of Industries around Beijing for the Olympics.

    In spite of all of this, China managed a 10% increase in GDP.

    I would hate to think would it would have been without the triple whammy.

    Do not forget about India and the fact that a former exporter is now an importer, Indonesia.
    Add the production declines from Russia and Mexico and an interesting hurricane season, the brief respite from an expiring Oil Contract will be short lived at best.

    Despite the steep drop in WTI and Nat.Gas, XOM managed to remain within its 1 year trading range. What is really interesting about XOM is its 5 year chart which shows none of Oil’s parabolic rise that everyone keeps calling a Bubble. Exxon is still on its second stair. If I’m right, Exxon will start on another move to the upside fairly soon (judging from the width of the previous stair).

    This weekend’s conference with Iran is designed to showcase Obama’s “lets Talk with the Terrorists” plan. I expect Iran to tell off everyone. Why? Oil is around $130, thats why.

  • 2 fb // Aug 9, 2008 at 8:17 pm

    oil prices are beginning to take effect: US imports from china and india down (see 40% drop in singapore growth as proxy); china in descent to 8-9% growth; india in accelerating downturn; russia slowing; europe and US in recession.

    driving habits changed dramatically in the US once oil broke $100.

    the market is pricing rig at 7x ‘09 earnings, the majors at similar multiples; pbr, the worlds best oil growth story is down 35% in a month; ditto gas princes like xto , chk, dvn.

    btw, oil down 20% in a month; ngas down 40%

    i dont believe the oil services will reverse growth unless oil falls to where it was a mere 12 mos ago but they trade with oil, not earnings

Leave a Comment

Your comment: