Introduction 3

Energy 4

Crude Oil 5

Oil Products  8

US Natural Gas  10

Liquefied Natural Gas  12

US Power  13

Coal 15

Ethanol 16

CO2 Emissions  18

Crude Oil 5

Oil Products  8

US Natural Gas  10

Liquefied Natural Gas  12

US Power  13

Coal 15

Ethanol 16

CO2 Emissions  18

Metals 20

Precious Metals

Gold  21

Silver 23

Platinum 25

Palladium  27

Other Platinum Group Metals: Rhodium, Iridium, Ruthenium 29

Industrial Metals

Aluminium  31

Copper 33

Lead 35

Nickel 37

Tin 39

Zinc  41

Iron Ore 43

Steel  44