08-04-2015, 11:38 PM
More good news from the PV front reaffirms that financing is not a problem. On July 14, Deutsche Bank put out a report stating, “YieldCo vehicles [are] publicly traded companies created for the purpose of owning operating assets that will predictably produce cash flow. This predictable cash flow primarily comes from long-term contracts. Not all income investors are aware of this asset class, but according to [analyst Vishal] Shah, ‘The YieldCo phenomenon is global, growth rates are likely to be much faster than MLPs and size of the market is likely to be much larger than the oil and gas sector’."
Why Bigger Is No Longer Better In Energy | OilPrice.com
The world’s biggest oil companies are painting a grim picture of the future and speculators are listening. Hedge funds reduced bullish bets to the lowest level in five years as oil capped the worst month since the financial crisis. The net-long position in West Texas Intermediate contracted 7% in the seven days ended July 28, U.S. Commodity Futures Trading Commission data show.
Oil CEOs’ grim outlook rubs off on speculators fleeing market
North Carolina (Bloomberg) -- U.S. crude may temporarily rise above the global benchmark Brent next year as Middle East output expands while the nation’s supply boom fades, according to Bank of America Corp. West Texas Intermediate futures, which have been at a discount to Brent for most of the past five years, may need to strengthen to attract imports as U.S. output falters, the bank said in a report dated July 31. Output from the Bakken and Eagle Ford shale oil formations is “rolling over in response to lower prices,” Iran plans to expand exports following last month’s nuclear accord and other OPEC members are also raising production, the bank said.
U.S. oil seen trading above global prices next year in BofA view
The Monthly Energy Review and the Petroleum Supply Monthly have US production peaking, so far, in March and April. The Petroleum Supply Weekly has US production peaking in June. In the chart above I have averaged the Petroleum Supply Weekly into monthly data. All data is in thousand barrels per day,
US Oil Production Finally Starting to Decline - Peak Oil BarrelPeak Oil Barrel