Henry Hub Spot Gas Prices 1997-2024

 

The spot gas price hit the lowest level since 1997 at $1.50/BTU. Ouch!

Sykes-Picot Map of Middle East

(from Data Team, The Economist)

Sykes-Picot is officially called the Asia Minor Agreement. It was a secret agreement between Britain and France signed May 16, 1916. This is how the map looked  prior to the defeat of the Ottoman Empire which sided with Germany in WWI.

The Islamic State of Iraq and the Levant, ISIL, claims that it's goals are to reverse the Sykes-Picot Agreement.

U.S. Crude Oil Stocks

Are crude oil stocks returning to the 5 year range?

World Energy Self-Sufficiency

Oil & Gas Data

from Oilprice.com

Fracking the Eagle Ford Shale: Birdseye View

This a a photo taken by NASA's Landsat 5 satellite in 2000. The town of Cotulla had a population of 4,000. The area was about to become a ghost town. The shale boom came to town.

Cotulla  picture taken by NASA's Landsat 8 satellite in 2015. The population doubled to more than 10,000. The Texas Observer reported that property taxes rose from $50 million in 2008 to $200 million in 2014. gas producing wells rose from 67 in 2009 to more than 2,500 in 2013. The related oil and gas infrastructure is clearly visible.

XOM Stockchart

Take a look at ExxonMobil stock. It looks like the first stop is about $80/share, then back down to the 200 day ma.