Title : Amateurs Sleuthing Oil Data - WSJ -- May 24, 2017
link : Amateurs Sleuthing Oil Data - WSJ -- May 24, 2017
Amateurs Sleuthing Oil Data - WSJ -- May 24, 2017
From today's WSJ: "Do Dishes, Then Track Oil Data."On a recent Sunday evening, Samir Madani had dinner with his family in suburban Stockholm, did the dishes and put his two children to bed.
Then he opened his laptop and started crunching U.S. oil import data late into the night.
Mr. Madani, a technology executive who trades and researches crude as a hobby, is part of a growing group of oil sleuths who have sprung up to sate the market’s voracious appetite for data and intelligence.
“So much of oil data is hidden and we’re trying to make it accessible,” said Mr. Madani, who runs a free oil data website from his house. “Besides, there’s so much drama in oil.”
Dramatic gyrations in the price of oil in the past three years have boosted demand for such services, intensifying competition in a market that for years had been dominated by governments, oil companies and a handful of big data providers.The Million Dollar Way blog has no agenda to predict oil prices but nonetheless, my wife found the WSJ article interesting. LOL.
This blog is to help me better understand the Bakken and put it into perspective with global events. Again, this is not an investment site.
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