ExxonMobil (XOM) Stock Chart

 

XOM  has made a terrific upward move since the bottom in January 2023. The price performance is UP about $19 from the low.  There are a number of geopolitical factors that can affect this stock, and affect the oil price as well. The price action may take some time to consolidate this move before the next leg up. XOM's success in Guyana is fun to watch.

This is not a recommendation to buy or sell this stock.

Good luck.

Vostok Ice Core: Rethinking Carbon Dioxide and Global Warming (aka Climate Change)

 

The grey band in the chart is the Vostok ice core time period.. The time in this chart passes from right to left, the left being present day. The chart show cyclic variations of up to 10 degrees. The question is does  and ice cover causeCO2 to change or does CO2 cause the temperature to change. The climate crowd believes the latter. This chart shows the time lag resulting in temperature drop prior to a drop in CO2.

Some scientists speculate  that variations in the earth's orbit and axial tilt lead to changes in solar radiation affects and lead to time period of warming and cooling. Some solar events lead to melting of permafrost as a source for CO2.

Imagine that...the sun plays a major role in the earth's temperature cycles!

U.S. Energy Shipping Routes 2024

 

Here you go. Gulf coast fuels 40+ days to the far east, 27 days thru the Panama canal.

We're No. 1

 

Here you go. The top three largest oil producing countries in the world graph. the global oil production trend shows U.S. production rising since 2013, with a small drop in 2020.

 Petroleum production data for the U.S. shows the Permian Basin is the largest producing area in the in the U.S and most likely the world.

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?