ClipperClip: Beverly Hills CopTags: CNBC, us net oil and product imports
On the set of CNBC’s Squawk Box this morning, I explained how US net imports of crude and products haven’t been this low since Beverly Hills Cop was number one at the box office – in February 1985.
It turns out that Beverly Hills Cop is Andrew Ross Sorkin’s favorite movie, Joe Kernen hated the sequels, and Becky Quick guessed the right year.
Hark, click on the below mugshot to catch the end of the conversation, while a chart illustrating US net imports lies below:
As US domestic oil production rises, imports are dropping. Combine this with rising crude, gasoline, diesel and LPG exports, and net imports are at a 32-year low:
About The Author
Matt is a Director of Commodity Research at ClipperData. Matt specializes in extracting key themes from technical and fundamental analysis of the global energy market, and communicating these through daily and weekly deliverables. He also provides oil and natural gas analysis and commentary to national and international media outlets that include CNBC, Fox Business, Russia 24, the Wall Street Journal, MarketWatch, AFP, Bloomberg, Reuters, and the Oil Daily. Prior to joining ClipperData, he worked for eight years at Schneider Electric / Summit Energy as a Global Commodity Analyst, where he also founded and authored the blog, Energy Burrito. He started his career at the Royal Bank of Canada in the UK, spending eight years with the bank. During that time, he managed $55 million in assets as a portfolio manager and financial analyst.