Industrial Insight

Steel production slightly up from last two weeks but still lower than recently

October 28, 2014
Leave a Comment


Posted in Uncategorized

Steel production still off from last year

October 21, 2014
Leave a Comment


Posted in Uncategorized

Steel production drops again last week

October 14, 2014
Leave a Comment


Posted in Uncategorized

Commodity Prices

October 13, 2014
Leave a Comment

Friday, October 10, 2014

Putting commodity prices and the dollar into perspective

JOC%2Bcomponents.jpg
The chart above shows the Journal of Commerce Commodity Index, along with its major subcomponents. Each is indexed to 100 as of the date in late 2001 that commodity prices reached a multi-decade low. Oil and metals prices have both risen by about the same amount, whereas miscellaneous commodities (e.g., hides, rubber, tallow, plywood, red oak) have risen only modestly, and textiles have hardly risen at all. In aggregate, the commodity complex is still trading at relatively high levels compared to just over a decade ago.


Posted in Uncategorized

Shale Oil

October 13, 2014
1 Comment

http://www.bloomberg.com/news/2014-10-07/shale-boom-tested-as-sub-90-oil-threatens-u-s-drillers.html

Shale Boom Tested as Sub-$90 Oil Threatens U.S. Drillers By Isaac Arnsdorf Oct 8, 2014

Shale oil is expensive to extract by historical standards and only viable at high-enough prices, Ed Morse, Citigroup Inc.’s head of global commodities research in New York, said by phone Sept. 23. Oil from shale formations costs $50 to $100 a barrel to produce, compared with $10 to $25 a barrel for conventional supplies from the Middle East and North Africa, the Paris-based International Energy Agency estimates.

“There is probably something to the notion that if prices fell suddenly to $60 a barrel, the production growth would turn negative,” he said.

Brent crude could drop to $80 a barrel before triggering a slowdown in investment from U.S. shale-oil drillers, Fitch Ratings said in a report today.


Posted in Uncategorized

Steel production continues to fall

October 8, 2014
Leave a Comment


Posted in Uncategorized

Steel production falls this past week

October 3, 2014
Leave a Comment


Posted in Uncategorized

About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

Search

Navigation

Categories:

Links:

Archives:

Feeds