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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (197121)	8/25/2016 6:46:44 PM
From: JimisJim	Read Replies (2) \| Respond to of 206121

Berman demonstrates his ignorance -- again -- and proves he is still full of sh*t... oh yes, Mr. Berman... it is obvious that the world oil and ng markets have reached "balance" and only swing in one direction from now on -- balance, to over-supply, to balance... NOT... and all of the garbage you've drawn all over those charts and graphs actually made me LOL!!! Yes, obviously we will see nothing but 6-mo. cycles in energy -- or something like that... obviously, Art, you've discovered the secret decoder ring to the energy markets so that you, and only you, can make your sweeping over-generalized assertions and back it up with cherry-picked data... it's all so simple and clear to me now... what a fool I've been all these years thinking there were a few other factors involved in energy supply vs. demand... a simple rig count tells us everything! No more need to delineate between types of rigs, wells, fields, locations within fields, etc.!!! You have found the keys to consumption/demand growth worldwide!!! How could I not have seen this before for myself??? It couldn't be simpler!!! You are a genius, Art... where can I sign up to pay for this wonderful analysis you provide??? /sarcasm OK, Eric, you've earned an ignore for repeating this garbage -- once again without comment or any original content of your own, just copy/paste -- which, btw, you are a jedi master at copy/pasting (how did you get so good at it?)...

To: Eric who wrote (197121)	8/27/2016 6:16:44 AM
From: elmatador	Respond to of 206121

Saudi Arabia is in a tough fight to expand market share, and this battle could send prices falling if competition continues to heat up. Saudi Arabia struggles to boost crude oil share August 27, 2016 5:11 am JST TOKYO -- Major oil producer Saudi Arabia is in a tough fight to expand market share, and this battle could send prices falling if competition continues to heat up. The country's share has dropped recently compared with 2015 not only in Europe, but also in China and India -- where consumption is expected to rise. The Saudis are increasing exports, but other countries such as Iraq, Iran and Russia also have gone on the offensive. British energy consultancy FGE says Saudi exports total just over 7.5 million barrels per day, 2% higher than the 2015 average. The International Energy Agency forecasts oil demand to rise 1.4 million barrels per day this year. But the Saudis have been unable to increase market share, hurting an economy that is undergoing structural reforms. Saudi Arabia's 14.4% share in China -- the No. 2 oil consumer behind the U.S. -- is down 0.9 percentage point from 2015. Though the Saudis are shipping around 50,000 more barrels per day to China, Russia has increased daily shipments by 220,000 barrels to raise its market share by 1.7 points to 14.3%. Russia has received many inquiries from Chinese refineries because the country can send from nearby Far East harbors, reducing shipping costs. Russian oil is also lighter than Middle Eastern oil and thus easier to refine into gasoline and diesel fuel. Iran and Iraq are gaining ground in India, where demand is climbing for gasoline and fuel used to generate power. Iraq has boosted exports to India by 200,000 barrels per day, while Iran has added 130,000 daily, each dwarfing Saudi Arabia's 30,000-barrel-per-day increase. Iraq has jumped to the lead in terms of market share. The Saudis are struggling most in Europe, where the nation's exports have fallen by 170,000 barrels in 2015 to 740,000 amid competition from Russia and Iraq. Saudi Arabia has increased market share in Japan, Thailand, Taiwan and South Africa. (Nikkei)