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OPEC Surprises Markets With Last Minute Deal

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Oil markets appeared to have…

Iran Widens Discount For Crude To Asia

Iran Widens Discount For Crude To Asia

Iran has deepened the discount…

First Quarter Usage of all Petroleum Distillates

Here are separate charts for Total Distillates, Gasoline, Kerosene Jet Fuel, Fuel Oil (diesel, etc.) and Residual Oils.

Once again that there can be little proof of major economic recovery, and more importantly, although we have apparently reached a bottom it is well off of historical levels.

Recall that president Obama said he would reduce our carbon emissions 15% by 2015. He may succeed, not because of "alternative" methods, but rather from demand destruction.

Here are some first quarter 2013 petroleum usage charts from Tim Wallace. The charts all show first quarter usage in 2013 as compared to first quarter usage in prior years.

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