Posts Tagged ‘Natural Gas’

TOO SMALL TO MATTER

TOO SMALL TO MATTER

Courtesy of Jim Quinn at The Burning Platform

As I watched the documentary GASLAND last night on HBO my blood began to boil. I’m sure my blood pressure went up dramatically during the 1 hour and 40 minute film. After watching our corrupt government decide that the biggest baddest banks on the planet were too big to fail over the last two years and giving my children’s and their children’s money to these behemoth criminal enterprises, I was not surprised to see poor working class Americans treated like dirt by these same corrupt politicians. Big corporations can buy off politicians to ensure profits. The “small people”, as the Chairman of BP likes to call them, are expendable and can be ignored. They are too small to matter.

Dick Cheney was the CEO of Halliburton from 1995 until 2000, when he became VP of the United States. Halliburton had invented a new process for extracting natural gas from shale formations.  The Halliburton-developed drilling technology of “fracking” or hydraulic fracturing has unlocked a “Saudi Arabia of natural gas” just beneath us.…
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Even China Gets It: Natural Gas > Coal

Even China Gets It: Natural Gas > Coal

energyCourtesy of Joshua Brown, The Reformed Broker 

I never understood President Obama’s fealty to the "clean" coal industry lobby. I also didn’t appreciate the President’s lumping in of natural gas with the rest of the "fossil fuels" during his Oval Office address this month. Sure, nat gas is a fossil fuel by definition, but it’s way cleaner than coal and exponentially more abundant on American soil than crude oil is. It’s also more feasible for things like buses and trucks than solar, geothermal, corn, hamster wheels, etc.

Anyway, China is now seeing the light on natural gas according to reports this morning. They plan to double their usage of it – at the expense of their coal use – by 2015.

From Platts:

China plans to double the natural gas share of its total energy consumption basket from the current 4% to 8% by 2015, a source close to the country’s National Energy Administration said Monday.

The shift would come at the expense of the share of coal in the mix in order to increase its use of cleaner energy, the source added.

On Saturday, China’s administrator of the national energy administration Zhang Guobao told a closed-door session at the APEC meeting in Fukui, Japan, that the country was working on raising its natural gas share in the primary energy mix to boost energy efficiency.

China currently uses coal to meet 70% of its energy needs. Renewables, including hydro, oil and nuclear power account for the remainder. The source said that oil usage would remain unchanged at 26% from 2011 through 2015.

Why is the transition to natural gas so obviously advantageous to seemingly everyone except the denizens of our nation’s capital? What is it about a safer, cleaner, more domestic fuel source that they don’t understand?

We’ve talked about the pending American Power Act that congress is expected to vote on over the next few weeks.

In that bill is a $64,000 tax credit per truck for each heavy vehicle switched over from diesel to compressed natural gas.  Hopefully, China’s move this morning adds some urgency and confidence into the process so that congress realizes that this is a "do".

I’m hoping for a job-creating revolution should the Act pass, as infrastructure, exploration, storage and transmission capabilities across the country are upgraded. There are estimates that say over a half million jobs…
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WHY NATURAL GAS IS SET TO REVERSE THE MASSIVE RALLY

WHY NATURAL GAS IS SET TO REVERSE THE MASSIVE RALLY

Courtesy of The Pragmatic Capitalist

Analysis by Stephen Schork at the Schork Group:

 


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Non-Manufacturing ISM Still Contracting

Non-Manufacturing ISM Still Contracting

Courtesy of Mish

The Institute for Supply Management August 2009 Non-Manufacturing ISM Report On Business® shows the Non-Manufacturing (Service) sector is still contracting.

"The NMI (Non-Manufacturing Index) registered 48.4 percent in August, 2 percentage points higher than the 46.4 percent registered in July, indicating contraction in the non-manufacturing sector for the 11th consecutive month but at a slower rate. The Non-Manufacturing Business Activity Index increased 5.2 percentage points to 51.3 percent. This is the first time this index has reflected growth since September 2008. The New Orders Index increased 1.8 percentage points to 49.9 percent, and the Employment Index increased 2 percentage points to 43.5 percent. The Prices Index increased 21.8 percentage points to 63.1 percent in August, indicating a substantial increase in prices paid from July."

Non-Manufacturing Survey Results

click on chart for sharper image

Even though things are contracting at a slower pace, 12 non-manufacturing industries are still contracting while only 6 are expanding. From the report:

The six industries reporting growth in August based on the NMI composite index — listed in order — are: Real Estate, Rental & Leasing; Health Care & Social Assistance; Transportation & Warehousing; Utilities; Accommodation & Food Services; and Information. The 12 industries reporting contraction in August — listed in order — are: Management of Companies & Support Services; Mining; Finance & Insurance; Arts, Entertainment & Recreation; Professional, Scientific & Technical Services; Construction; Other Services; Agriculture, Forestry, Fishing & Hunting; Wholesale Trade; Educational Services; Public Administration; and Retail Trade.

The most striking thing in the report is the price index soaring from 41.3 to 63.1. Bloomberg discusses the report in U.S. Service Industries Contracted at Slower Pace.

The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 48.4, exceeding forecasts and the highest level in 11 months, from 46.4 in July, according to the Tempe, Arizona-based group. Readings below 50 signal contraction.

A measure of new export orders rose to 54 from 47.5, while the index of prices paid rose to 63.1, the highest in 11 months, from 41.3. The gain in prices was the biggest 1-month jump since records began in 1997, due to higher energy costs.

Federal Reserve efforts to unlock credit and government measures such as the “cash-for-clunkers” incentive program are reviving


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Phil's Favorites

How to regulate Facebook and the online giants in one word: transparency

 

How to regulate Facebook and the online giants in one word: transparency

Courtesy of George BrockCity, University of London

Facebook: what are they really thinking? Shutterstock

Demands to regulate hi-tech companies like Google, Facebook and Apple are being heard at deafening pitch almost every day. This r...



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Zero Hedge

It Is Seven Times More Difficult To Get A Flight Attendant Job At Delta Than Enter Harvard

Courtesy of ZeroHedge. View original post here.

One of our preferred "off beat" economic indicators is how many workers apply at any one given moment in time for jobs that are hardly considered career-track. An example of this is the number of applicants for minimum wage line cook jobs at McDonalds, or flight attendant positions at Delta Airlines; conveniently, this is a series which we have tracked on and off for the past 7 years.

As re...



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Insider Scoop

Deutsche Bank Brightens Its View On Illumina

Courtesy of Benzinga.

Related ILMN Benzinga's Top Upgrades, Downgrades For October 23, 2017 Illumina Now A Buy Following Q2 Beat, Improved Sale...

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Chart School

Large Caps Accelerate Gains; Small Caps Breakout

Courtesy of Declan.

Friday belonged to Large Cap stocks as both S&P and Dow Industrials posted gains which looked better than the less than 1% they managed. Volume climbed to register accumulation. Technicals are healthy and the S&P posted a new 'buy' trigger relative to the Russell 2000 (Small Caps).  This may end up as a blow-off top but there is nothing in Friday's action to suggest such a top is in place.


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ValueWalk

Moody's Says Hartford Could Default As Early As November

By Gary St. Fleur. Originally published at ValueWalk.

The historic headquarters of insurance giants like Aetna, and Cigna, Hartford Connecticut now faces a potential financial catastrophe.

On Thursday, October 19, it was announce that the likelihood of Hartford Connecticut, to meet its obligations for the month grows continually bleak. Moody’s has produced a press release stating their position that Hartford Connecticut is likely to default by month’s end.

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Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

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Digital Currencies

An Evening in Wonderland

 

An Evening in Wonderland

Courtesy of 

 

 

You walk halfway across Rivington Street and in the middle of the block there’s an alley leading north, and then, inexplicably, it curves northwest. It’s remarkable in that on the Isle of Manhattan there aren’t any alleys. And this one is whimsical. Lights are strung overhead and artwork decorates the sides of the buildings as you make your way through. And then, at the end of Freemans Alley, you come to a tucked away restaurant in the back corner. It’s called Freemans (what else?).

If the setting for last night&rs...



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Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

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Biotech

Circadian rhythm Nobel: what they discovered and why it matters

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

Circadian rhythm Nobel: what they discovered and why it matters

Courtesy of Sally Ferguson, CQUniversity Australia

Today, the “beautiful mechanism” of the body clock, and the group of cells in our brain where it all happens, have shot to prominence. The 2017 Nobel Prize in Physiology or Medicine has been awarded to Jeffrey C. Hall, Michael Rosbash and Michael W. Young for their work on describing the molecular cogs and wheels inside our biological clock.

In the 18th century an astronomer by the name of Jean Jacques d'Ortuous de Ma...



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Members' Corner

Day of Last Dances

News today has been relentlessly terrible. A horrific mass murder happened last night in Las Vegas. (Our politician's abject failure to address gun control is beyond sickening.) And today, reports that Tom Petty died of a heart attack, followed by reports that Tom Petty is not dead, and now reports confirming that Tom Petty has passed away. 

...

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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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