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  • Schork Oil Outlook: Today's Most Important Indicator Wednesday, 30 Sep 2009 | 9:40 AM ET

    Overall stocks of transportation fuels (on highway diesel and gasoline) on the West Coast (PADD V) are below our comfort level; and that was even before last week’s fire at Tesoro’s facility near Los Angeles, writes Stephen Schork.

  • Over the summer, we considered May’s Vehicle Miles Travelled (VMT) figure as an indicator for the state of the economy and gasoline demand. High VMT would imply increased economic activity and job-related travel, writes Stephen Schork.

  • Schork Oil Outlook: Prepare for an Interesting Winter Friday, 25 Sep 2009 | 11:51 AM ET

    As we have discussed ad nauseam, nat gas injections typically trend higher in September as cooling demand moderates. However, this year’s normal path is skewed by storage constraints, e.g. operational flow orders from high linepack conditions resulting from above scheduled receipts in supply basins and below scheduled offtakes in consuming market areas, writes Stephen Schork.

  • Schork Oil Outlook: Refiners Look to Minimize Inventory Thursday, 24 Sep 2009 | 10:33 AM ET

    Crude oil supplies have been trending in accord with seasonal metrics since the beginning of the year. That is to say, crude oil supplies moved higher from January into the spring, dropped through the summer and now appear to be plateauing, writes Stephen Schork.

  • Schork Oil Outlook: What Makes Those Bulls Happy Tuesday, 22 Sep 2009 | 9:39 AM ET

    So the question for 2009 is, will the flattening of the curve cause producers to boil more oil despite there already being too much product in the market? And if they do, will the resultant decrease in crude stocks lead to a further increase in crude oil prices despite concerns that prices are already inflated relative to fundamentals, asks Stephen Schork.

  • Oil Price Should Halve if Based Only on Fundamentals Tuesday, 22 Sep 2009 | 5:28 AM ET

    Oil would only fetch half of its current $70-a-barrel price tag if investors focused just on market fundamentals, but betting against further rises in the commodity is a risky business, Johannes Benigni, managing director at JBC Energy told CNBC Tuesday.

  • Nowadays you don’t even need to go to Vegas or Atlantic City if you want to gamble. You can just go trade natural gas. As we discussed in last week’s issues of The Schork Report, the natural gas rally is abnormally unstable… but it can remain abnormal longer than you can remain solvent, writes Stephen Schork.

  • The fundamentals have not changed… they’re as bearish as ever. We know that. Everyone knows that. The bulls have been backed into a corner. It is time for them to put up… or shut up, writes Stephen Schork.

  • Schork Oil Outlook: Nat Gas-We Have Seen Enough Thursday, 17 Sep 2009 | 11:51 AM ET

    The last time we saw volatility spike to current levels was back in late September, early October 2006 when Amaranth was imploding, writes Stephen Schork.

  • From this point on we are going to give greater credence to the November contract, writes Stephen Schork.

  • No doubt, gas is cheap. But, if there is no value, than cheap, in and of itself, is not a reason to own something, writes Stephen Schork.

  • Schork Oil Outlook: A Vexing Week Monday, 14 Sep 2009 | 12:16 PM ET

    As if on cue… we understand that there is a growing consensus in the weather-geek community that this winter is shaping up like… wait for it… the 2002-03 winter, writes Stephen Schork.

  • Schork Oil Outlook: Behind That Freefall Friday, 11 Sep 2009 | 9:46 AM ET

    Yesterday’s rational for buying gas post EIA brings to mind Yogi Berra’s reason for why he stopped going to Ruggeri’s, a St. Louis restaurant: “Nobody goes there anymore. It’s too crowded,” writes Stephen Schork.

  • Stocks at Highs; Banks Rebound, Health Care Gains Thursday, 10 Sep 2009 | 11:37 PM ET
    The Crisis: 1 Year Later - A CNBC Special Report - See Complete Coverage

    Stocks edged up Thursday, with a brighter outlook from Procter & Gamble and a better-than-expected jobless claims report, countering a dim forecast from Monsanto.

  • Stocks End Near Highs; Banks, Tech Strong Thursday, 10 Sep 2009 | 11:06 PM ET

    Stocks edged up Thursday, with a brighter outlook from Procter & Gamble and a better-than-expected jobless claims report, countering a dim forecast from Monsanto.

  • Schork Oil Outlook: Looking Towards 2010 Driving Season Thursday, 10 Sep 2009 | 9:57 AM ET
    Alternative Investing - A CNBC Special Report - See Complete Coverage

    With natural gas prices fluctuating 30% a day and crude prices dancing with the dollar, the traditional correlations have begun to break down, leaving many experienced traders on shaky ground, writes Stephen Schork.

  • Futures Edge Higher on Jobs Report Thursday, 10 Sep 2009 | 8:55 AM ET
    The Crisis: 1 Year Later - A CNBC Special Report - See Complete Coverage

    The stock market appeared to head for a higher open Thursday on weekly jobless claim reports that showed workers filing new claims for benefits fell more than expected last week.

  • Stocks Close Higher Despite Beige Book Wednesday, 9 Sep 2009 | 4:01 PM ET

    Stocks closed higher after faltering for awhile on a Federal Reserve report that the economy will remain weak due largely to unemployment.

  • Stocks Push Higher, Led By Nasdaq, Industrials Wednesday, 9 Sep 2009 | 12:01 PM ET

    Futures indicated a lower open for Wall Street on Wednesday as investors paused ahead of key U.S. data, having pushed markets to 11-month highs the previous day,

  • Alternative Investing - A CNBC Special Report - See Complete Coverage

    Energy prices were strong on Tuesday… as money returned from the summer holiday in a buying mood. The bulls did not even bother to wait for OPEC’s pending decision and instead used the plunge in the dollar as reason to load up on oil, writes Stephen Schork.