If the current price right now is looked at as the new normal, which I think it is for numerous reasons, then the oil stocks-despite oil prices going flat-the oil stocks, I think, will go straight up soon.
Oil production is flat to declining for companies like Rosneft and Lukoil.
Global oil demand was flat during that period, but prices plunged by about 75 percent.
The 2013 Performance charts shows that the Spyder Trust ( SPY) is up just under 9%, while crude oil is about flat.
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Back out such substitutes and crude oil volumes have been flat at around 75 million bpd for four years.
We project flat crude oil and NGL production by ExxonMobil in 2011, as compared to 2010 levels.
"Shale gas producers expanded payrolls, while employment at conventional oil and gas firms was flat, " the Fed noted.
But while U.S. usage has remained flat, China's oil consumption rises about 5% per year.
All the mainstream forecasts for global growth in 2012 assume a flat or falling price of oil.
With a flat bond yield curve and oil quots moving lower, the oils are in for a tough year.
The international rig count has remained largely flat despite the recovery in global oil prices.
The oil bust of the early 1980s knocked Louisiana flat, much as it did neighbouring Texas.
And according to the American government's own numbers, the world's oil output has been more-or-less flat since 2005.
Oil prices remain the key risk factor, but we expect them to remain broadly flat throughout the year.
Crude oil imports fell to their lowest level in almost two years in August, and consumption growth was flat on the year.
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