Just my gut feeling telling me that the US corporate scene has room to grow. See chart below.
Wednesday, October 8, 2014
Oil prices continue their slow downward descent as supply outpaces demand. One new contributing member to the supply increase is Libya's increased oil production. My previous note on Libyan oil production noted a decline in production in the 2Q of 2013, though after a halt to production as rebels vied for control of Libya.
Wednesday, October 1, 2014
Unconventional techniques offer orders of magnitude more initial production (IP) than conventional techniques. Looking at this chart from the EIA, it looks like IP is up by 400 times what it was just a few years ago and more than that before unconventional techniques.