Coal Consumption Plunged to Lowest Since at Least 1973. Why There’s No Hope for Coal by Wolf Richter • Jul 28, 2020 • 149 Comments It comes down to costs and being bypassed by technological innovation, amid stagnating demand for electricity
Update on the WTF-Collapse of Consumption of Gasoline, Jet Fuel & Diesel by Wolf Richter • Jul 23, 2020 • 65 Comments Folks started driving again – including those who used to take mass-transit. But jet fuel demand is still in collapse-mode. And overall consumption remains way down.
#TheZooHasGoneNuts: “Fraudulent” Press Release of Buyout Nearly Triples Stock of Soon-to-be-Bankrupt Oil & Gas Producer, Briefly by Wolf Richter • Jul 20, 2020 • 106 Comments Who the heck bought those shares? Robinhood traders? And who placed this press release and cashed in on it?
The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas by Wolf Richter • Jul 10, 2020 • 128 Comments The bankruptcy epicenter is in Texas.
Huge Debt Payments at Worst Time for Canadian Oil Drillers by Oilprice.com • Jul 7, 2020 • 30 Comments “There’s a lot of extend, amend, and pretend with respect to finance documentation. But at some point the music will stop.”
Update on the WTF Collapse of Demand for Gasoline, Jet Fuel, and Diesel by Wolf Richter • Jun 17, 2020 • 121 Comments No “V-shaped recovery back to normal.”
After Decade of Retail Investors Getting Systematically Wiped Out, SEC & CFTC Investigate Oil ETF USO Investor Risk Disclosure by Wolf Richter • May 30, 2020 • 88 Comments What took them so long? And while they’re at it, they should also investigate US Natural Gas Fund UNG.
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel by Wolf Richter • May 1, 2020 • 266 Comments It started in mid-February for jet fuel and in mid-March for gasoline.
The LNG Market Is “Imploding” by Nick Cunningham • Apr 27, 2020 • 66 Comments While everyone is watching the meltdown in the crude oil market, the global market for natural gas is also cratering.
Postmortem of the Infamous Day WTI Crude Oil Futures Went to Heck in a Straight Line by Wolf Richter • Apr 23, 2020 • 62 Comments The US Energy Information Agency (EIA) dissects the historic event.
