ENERGY

Oil prices extended recent gains today, despite chaos across other asset classes, on concerns supply could be disrupted as Iran tested a ballistic missile in the Gulf of Oman, while demand hopes were led by OPEC raising its economic forecasts.

Oil was also supported by a major technical break.

The question is, can oil maintain this through the inventory data.

API

• Crude +8.5mm (+2.8mm exp)

• Cushing +512k

• Gasoline -7.2mm (-1.0mm exp) – biggest (more…)

Authored by Kevin Stocklin via The Epoch Times (emphasis ours),

Electricity is among the most essential sources of America’s unparalleled prosperity and productivity; it is also the greatest vulnerability.

Giant wind turbines are powered by strong winds in front of solar panels in Palm Springs, Calif., on March 27, 2013. (Kevork Djansezian/Getty Images)

The United States has become so utterly dependent upon an uninterrupted supply of affordable electricity that, as our grid becomes (more…)

Over the last decade, the United States has established itself as the world’s top producer of crude oil, surpassing Saudi Arabia and Russia.

This infographic, via Visual Capitalist's Omri Wallach, illustrates the rise of the U.S. as the biggest oil producer, based on data from the U.S. Energy Information Administration (EIA).

U.S. Takes Lead in 2018

Over the last three decades, the United States, Saudi Arabia, and Russia have alternated as the top crude producers, but (more…)