Category Archives: Hedge Fund Commentary

Dennis Mangan, logi Energy: EIA Crude Oil, Distillate and Gas Inventories, Production and Usage Statistics Week Ending: 11/27/2009

Inventory Comments Crude Oil inventory increased another 2,091,000 barrels this week, to 339,899,000 barrels. Inventory is up 2,417,000 from 13 weeks ago and is up 19,527,000 barrels from a year ago. We are at the 88th Percentile in barrels in storage, and we are at the 97th Percentile based on the 24.15 days of usage in storage. Distillate inventory dropped […]

Dennis Mangan, logi Energy: Market and Diesel Fuel Hedging Discussion

November 27, 2009 Crude Oil: We closed down this week losing $0.67 to close at $76.05. We had a BUY SIGNAL and have partial hedges on at the 25% level. I remain negative but we follow the Indicators and they are still positive. The main reason for the strength is simply the US $ weakness. This week saw some $ […]

Chris Nelder, logi Energy-What Peak Oil Can Do for Climate Change: Follow the Yellow Brick Road

It’s fairly astonishing, but none of the climate change models take the peaking of any fossil fuels into account. They all project — over a period of 30 years or more! — fairly simple growth curves for population and the global economy, assuming that sufficient oil, gas and coal will be available to satisfy demand at historically normal prices. Continue reading

Chris Nelder. logi Energy-China: The Vampire Squid of Commodities. Part Two

Well, I have explained it: America has no energy plan, and we won’t have one until we give up our fantasies about energy independence or drilling our way out, admit that oil is peaking, and get serious about planning accordingly. Continue reading

Summary of Recommendations From Obama’s Financial Regulatory Reform: A New Foundation

I. PROMOTE ROBUST SUPERVISION AND REGULATION OF FINANCIAL FIRMS A. Create a Financial Services Oversight Council 1. We propose the creation of a Financial Services Oversight Council to facilitate information sharing and coordination, identify emerging risks, advise the Federal Reserve on the identification of firms whose failure could pose a threat to financial stability due to their combination of size, […]

Chris Nelder, logi Energy-China: The Vampire Squid of Commodities, Part One

Against a GDP growth rate of 8-8.5%, the stagnant supply picture means that China’s demand for oil imports will grow from 4 mbpd today to over 10 mbpd by 2020. China now constitutes 7.5% of global GDP and 9% of global oil demand, which will soon grow into the teens. Continue reading

Two-Tiered Hedge Fund Market – Hedgebay

The October edition of Hedgebay Trading Corporation’s monthly index has shown that the purchase of hedge fund assets is being driven by two prevailing sentiments among investors, creating a two-tier hedge fund market. The Hedgebay Global Hedge Fund Secondary Market Index reveals a wide discrepancy between the highest and lowest prices at which secondary market users were willing to trade […]

Dennis Mangan, logi Energy, Comments on Inventory

Crude Oil inventory surprisingly increased last week by 1,762,000 barrels to 337,676,000 barrels. Inventory is down 5,956,000 from 13 weeks ago and is now up 25,727,000 barrels from a year ago. We are at the 87th Percentile in barrels in storage, and we are at the 96th Percentile based on the 23.91 days of usage in storage. Distillate inventory increased […]

Chris Nelder, logi Energy: Is the IEA World Energy Outlook Politically Distorted?

The International Energy Agency (IEA) released its annual World Energy Outlook (WEO) this week — a report I always anticipate eagerly. Hey, it’s like Christmas for energy geeks. The IEA found coal in its stocking though, after a report the previous evening in the UK’s Guardian newspaper cited unnamed whistleblowers alleging the agency had been distorting its true view on […]

AIMA Statement On New Swedish Text Of AIFM Hedge Fund Directive

“We welcome the work of the Swedish Presidency in producing the compromise text. There have been significant concerns expressed about the original text of the Directive by Member States, by other stakeholders such as pension funds and the affected industries, and in a number of independent studies including one commissioned by the European Parliament, and we appreciate the time and […]