Vet67to82 (< 20)

The US EIA, Crude Supply, Shipping, and the Contango

January 29, 2009 – Comments (0) | RELATED TICKERS: DXO.DL.DL , USO , XOM

Our markets, the DJIA, the Nasdaq, and the S&P, as well as many other indicii, depend on the Energy Sector.  If the Energy sector has a bad day ... the markets are going to have a bad day. 

 I recommend visiting the United States  Energy Information Administration's (US EIA) website.

  You won't find info on ships being used for storage, and there's a lot of other info I feel is critical - yet missing, But, for those of you who don't know crude oil market basic info but want to know how it all works, the US EIA has a 6 chapters primer with over 400 links that's going to explain a lot. 

  For;

"           Oil Market Basics

A primer on oil markets combined with hotlinks to oil price and volume data available on the Internet

Office of Oil and Gas, Energy Information Administration    "

Go to   

http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/oil_market_basics/default.htm

 The US EIA has a lot of info that you can download, like the West Texas Intermediate (WTI) history in  spreadsheet form, reports in .XLS, PDF, etc