• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 22 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days Does Toyota Know Something That We Don’t?
  • 18 hours America should go after China but it should be done in a wise way.
  • 7 days World could get rid of Putin and Russia but nobody is bold enough
  • 9 days China is using Chinese Names of Cities on their Border with Russia.
  • 10 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 10 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 10 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 9 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 9 hours How Far Have We Really Gotten With Alternative Energy
  • 10 days Putin and Xi Bet on the Global South
  • 10 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 11 days United States LNG Exports Reach Third Place
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Editorial Dept

Editorial Dept

More Info

Speculators Go Short As Demand Is Downgraded

Friday, September 16 2016

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. EV charging stations power up

(Click to enlarge)

- Automakers face the tough task of convincing consumers that enough charging stations exist to warrant the purchase of an electric vehicle. That should become easier as EV charging stations are finally starting to proliferate.
- There are now 14,349 EV charging stations in the U.S., according to the DOE, with nearly 36,000 EV outlets. ChargePoint, a California company, has roughly 30,000 outlets, which is more than double the number of McDonald’s restaurants in the U.S., Bloomberg reports.
- But EV sales are still tepid. In the first half of the year, the U.S. sold 65,000 EVs, which is equivalent to the truck sales from just one automaker (Ford) for one month.
- Still, the upside potential is huge. Chevy is set to unveil its Bolt car later this year, a fully-electric vehicle with 238 miles of range, and a price tag of $37,000 before federal and state tax credits. They beat Tesla to the punch, with a mass market EV at a relatively affordable price. Tesla’s car may come out next year.

2. Speculators go short

(Click to enlarge)

- Speculators have…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News