{"id":3347,"date":"2016-05-24T07:53:24","date_gmt":"2016-05-23T22:53:24","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=3347"},"modified":"2016-05-24T07:53:24","modified_gmt":"2016-05-23T22:53:24","slug":"%e5%8e%9f%e6%b2%b9%e5%ae%89%e3%81%a7%e7%b1%b3%e5%9b%bd%e3%82%b7%e3%82%a7%e3%83%bc%e3%83%ab%e3%82%aa%e3%82%a4%e3%83%ab%e4%bc%81%e6%a5%ad%e3%81%ae%e7%a0%b4%e7%b6%bb%e3%81%af%e8%bf%91%e3%81%84%e3%81%8b","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/3347","title":{"rendered":"\u539f\u6cb9\u5b89\u3067\u7c73\u56fd\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u4f01\u696d\u306e\u7834\u7dbb\u306f\u8fd1\u3044\u304b\uff1f: 2016\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u3092\u898b\u308b"},"content":{"rendered":"<p>2\u6708\u306b\u5f15\u304d\u7d9a\u304d\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u63a1\u6398\u4f01\u696d\u306e\u6c7a\u7b97\u3092\u898b\u3066\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb\u898b\u901a\u3057\u3092\u8003\u3048\u305f\u3044\u3002\u4eca\u56de\u306f5\u6708\u306b\u767a\u8868\u3055\u308c\u305f2016\u5e741-3\u6708\u671f\u306e\u6c7a\u7b97\u3092\u773a\u3081\u3066\u3086\u304f\u3002<\/p>\n<p><!--more--><strong>\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb<\/strong><\/p>\n<p>\u5148\u305a\u306f\u3053\u308c\u307e\u3067\u306e\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb\u3092\u632f\u308a\u8fd4\u3063\u3066\u307f\u3088\u3046\u3002\u4ee5\u4e0b\u306f\u30a2\u30e1\u30ea\u30ab\u306eWTI\u539f\u6cb9\u5148\u7269\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-5-24-WTI-crude-oil-weekly-chart.png\" rel=\"attachment wp-att-3358\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3358\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-5-24-WTI-crude-oil-weekly-chart.png\" alt=\"2016-5-24-WTI-crude-oil-weekly-chart\" width=\"599\" height=\"403\" \/><\/a><\/p>\n<p>2014\u5e746\u6708\u304b\u3089\u4e0b\u843d\u3092\u59cb\u3081\u305f\u539f\u6cb9\u4fa1\u683c\u306f\u30012015\u5e741\u6708\u307e\u3067\u306e\u534a\u5e74\u9593\u3067\u307b\u307c\u771f\u3063\u9006\u3055\u307e\u306b40\u30c9\u30eb\u53f0\u307e\u3067\u66b4\u843d\u3001\u305d\u3053\u304b\u3089\u8db3\u8e0f\u307f\u3092\u7d9a\u3051\u3066\u3044\u305f\u304c\u30012016\u5e742\u6708\u306b\u306f20\u30c9\u30eb\u53f0\u306e\u5e95\u5024\u3092\u4ed8\u3051\u3001\u305d\u306e\u5f8c40\u30c9\u30eb\u53f0\u307e\u3067\u53cd\u767a\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>100\u30c9\u30eb\u524d\u5f8c\u306e\u539f\u6cb9\u4fa1\u683c\u3092\u60f3\u5b9a\u3057\u3066\u521d\u671f\u6295\u8cc7\u3092\u6e08\u307e\u305b\u3066\u3044\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u4f01\u696d\u306f\u3001\u305d\u306e\u9593\u5f53\u7136\u8d64\u5b57\u3092\u5410\u304d\u7d9a\u3051\u3066\u3044\u308b\u308f\u3051\u3067\u3042\u308b\u3002\u4e3b\u8981\u306a\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u4f01\u696d\u306e\u7d14\u8cc7\u7523\u304c\u3069\u3046\u306a\u3063\u305f\u304b\u3092\u898b\u3066\u307f\u3088\u3046\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-1q-us-shale-oil-firms-total-equity.png\" rel=\"attachment wp-att-3349\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3349\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-1q-us-shale-oil-firms-total-equity.png\" alt=\"2016-1q-us-shale-oil-firms-total-equity\" width=\"394\" height=\"366\" \/><\/a><\/p>\n<p>\u53d6\u308a\u4e0a\u3052\u305f\u306e\u306f\u4ee5\u4e0b\u306e3\u793e\u3067\u3042\u308b\u3002\u7d14\u8cc7\u7523\u3068\u306f\u7dcf\u8cc7\u7523\u3068\u7dcf\u8ca0\u50b5\u306e\u5dee\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li>Chesapeake Energy (NYSE:CHK; <a href=\"https:\/\/www.google.com\/finance?q=NYSE:CHK\" target=\"_blank\">Google Finance<\/a>)<\/li>\n<li>Devon Energy (NYSE:DVN; <a href=\"https:\/\/www.google.com\/finance?q=NYSE:DVN\" target=\"_blank\">Google Finance<\/a>)<\/li>\n<li>Marathon Oil (NYSE:MRO; <a href=\"https:\/\/www.google.com\/finance?q=NYSE:MRO\" target=\"_blank\">Google Finance<\/a>)<\/li>\n<\/ul>\n<p>\u3053\u306e\u5185\u3001\u5927\u624b\u306e\u306a\u304b\u3067\u4e00\u756a\u8ca1\u653f\u304c\u5371\u3046\u3044Chesapeake\u306f\u3001\u4ee5\u524d\u3088\u308a\u5831\u3058\u3066\u3044\u308b\u901a\u308a\u7015\u6b7b\u3067\u3042\u308b\u3002\u3053\u306e\u307e\u307e\u884c\u3051\u30706-9\u6708\u671f\u304b10-12\u6708\u671f\u307e\u3067\u306b\u50b5\u52d9\u8d85\u904e\u306b\u9665\u308a\u5012\u7523\u3068\u3044\u3063\u305f\u3068\u3053\u308d\u3060\u304c\u30012\u6708\u4ee5\u964d\u306e\u539f\u6cb9\u4fa1\u683c\u53cd\u767a\u304c\u4eca\u5f8c\u3082\u7d9a\u304d\u3001\u305d\u3057\u3066\u7d4c\u55b6\u9663\u304c\u305d\u308c\u3092\u4e0a\u624b\u304f\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u51fa\u6765\u308c\u3070\u3001\u3042\u308b\u7a0b\u5ea6\u306e\u5ef6\u547d\u306f\u53ef\u80fd\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u6b21\u56de\u306e\u6c7a\u7b97\u304c\u6b63\u5ff5\u5834\u3067\u3042\u308b\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u305d\u306e\u4ed6\u306e\u4f01\u696d\u306f\u5897\u8cc7\u306a\u3069\u306e\u624b\u6bb5\u306b\u983c\u308a\u306a\u304c\u3089\u3082\u7d14\u8cc7\u7523\u306e\u6e1b\u5c11\u3092\u7de9\u3084\u304b\u306b\u3059\u308b\u3053\u3068\u306b\u6210\u529f\u3057\u3066\u304a\u308a\u3001\u5012\u7523\u304b\u3089\u306f\u307e\u3060\u307e\u3060\u9060\u3044\u30022016\u5e74\u4e2d\u306e\u5012\u7523\u306f\u5148\u305a\u306a\u3044\u3060\u308d\u3046\u3057\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u5e95\u3092\u6253\u3063\u305f\u3068\u3059\u308c\u3070\u30012017\u5e74\u4e2d\u306b\u8ca1\u653f\u96e3\u306b\u9665\u308b\u3053\u3068\u3082\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<p>\u3060\u304b\u3089\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u4f01\u696d\u306e\u8ca1\u653f\u7834\u7dbb\u304b\u3089\u539f\u6cb9\u4f9b\u7d66\u6e1b\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u671f\u5f85\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u304c\u5c45\u308b\u3068\u3059\u308c\u3070\u3001\u305d\u308c\u306f\u96e3\u3057\u3044\u76f8\u8ac7\u3060\u308d\u3046\u3002\u5012\u7523\u304c\u8fd1\u3044Chesapeake\u306b\u3057\u3066\u3082\u7523\u6cb9\u65bd\u8a2d\u3092\u5207\u308a\u58f2\u308a\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308a\u3001\u58f2\u3089\u308c\u305f\u8a2d\u5099\u306f\u5f53\u7136\u8cb7\u308f\u308c\u305f\u5148\u3067\u4f7f\u308f\u308c\u308b\u305f\u3081\u306b\u3042\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u7523\u51fa\u91cf\u306f\u6e1b\u5c11\u3057\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n<p>\u3067\u306f\u3001\u539f\u6cb9\u7523\u51fa\u91cf\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u304b\uff1f\u3000\u5148\u305a\u3001\u7c73\u56fd\u5168\u4f53\u306e\u6570\u5b57\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-feb-us-crude-oil-production.png\" rel=\"attachment wp-att-3354\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3354\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-feb-us-crude-oil-production.png\" alt=\"2016-feb-us-crude-oil-production\" width=\"401\" height=\"359\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-feb-us-crude-oil-production.png 401w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-feb-us-crude-oil-production-300x269.png 300w\" sizes=\"auto, (max-width: 401px) 100vw, 401px\" \/><\/a><\/p>\n<p>\u6700\u8fd1\u306e\u539f\u6cb9\u5b89\u3067\u78ba\u304b\u306b\u30d4\u30fc\u30af\u3092\u6253\u3063\u3066\u3044\u308b\u304c\u3001\u3057\u304b\u3057\u305d\u308c\u3067\u3082\u307b\u3068\u3093\u3069\u4e0b\u304c\u3063\u305f\u3068\u306f\u8a00\u3048\u306a\u3044\u7a0b\u5ea6\u3067\u3042\u308a\u3001\u539f\u6cb9\u4fa1\u683c\u304c100\u30c9\u30eb\u3060\u3063\u305f\u9803\u3068\u306f\u6b21\u5143\u306e\u9055\u3046\u4f9b\u7d66\u91cf\u304c\u7d9a\u3044\u3066\u3044\u308b\u3053\u3068\u306f\u78ba\u304b\u3067\u3042\u308b\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u30c1\u30e3\u30fc\u30c8\u306e\u30c7\u30fc\u30bf\u306f\u6708\u6b21\u306e\u6570\u5b57\u3067\u3042\u308a\u3001\u9031\u6b21\u306e\u6700\u65b0\u306e\u6570\u5b57\u3067\u306f8,800\u7a0b\u5ea6\u3068\u306a\u3063\u3066\u3044\u308b\u3002\u53cd\u767a\u3057\u3066\u3044\u308b\u539f\u6cb9\u4fa1\u683c\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u7523\u51fa\u91cf\u306e\u6e1b\u5c11\u304c\u6b62\u307e\u3063\u3066\u3044\u306a\u3044\u3053\u3068\u306f\u6c17\u304c\u304b\u308a\u3067\u306f\u3042\u308b\u304c\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u53cd\u767a\u3057\u3066\u304b\u3089\u5b9f\u969b\u306b\u7523\u51fa\u91cf\u304c\u4e0a\u6607\u3059\u308b\u307e\u3067\u306b\u306f\u6642\u9593\u304c\u304b\u304b\u308b\u306e\u3067\u3042\u308a\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u3053\u306e\u30bf\u30a4\u30e0\u30e9\u30b0\u306e\u63a8\u5b9a\u3082\u91cd\u8981\u306a\u6295\u8cc7\u5224\u65ad\u306e\u4e00\u3064\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u5404\u793e\u306e\u7523\u51fa\u91cf\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u30022\u5e74\u5206\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308a\u3001\u59cb\u307e\u308a\u3092100%\u3068\u3057\u3066\u305d\u306e\u5f8c\u306e\u63a8\u79fb\u3092\u30b0\u30e9\u30d5\u306b\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-1q-us-shale-oil-firms-oil-production.png\" rel=\"attachment wp-att-3353\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3353\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-1q-us-shale-oil-firms-oil-production.png\" alt=\"2016-1q-us-shale-oil-firms-oil-production\" width=\"395\" height=\"347\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-1q-us-shale-oil-firms-oil-production.png 395w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/05\/2016-1q-us-shale-oil-firms-oil-production-300x264.png 300w\" sizes=\"auto, (max-width: 395px) 100vw, 395px\" \/><\/a><\/p>\n<p>Chesapeake\u306e\u7523\u51fa\u91cf\u304c\u6e1b\u3063\u3066\u3044\u308b\u306e\u306f\u56fa\u5b9a\u8cc7\u7523\u3092\u5207\u308a\u58f2\u308a\u3057\u7d9a\u3051\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308a\u3001\u305d\u306e\u5272\u306b\u306f\u7523\u51fa\u91cf\u306f\u6e1b\u3063\u3066\u3044\u306a\u3044\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002\u305d\u3057\u3066\u58f2\u3089\u308c\u305f\u8a2d\u5099\u3082\u4eca\u3067\u306f\u8cb7\u3044\u624b\u304c\u4f7f\u3046\u305f\u3081\u306b\u4fdd\u6709\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u3042\u308b\u3002Devon\u306f\u9006\u306b\u5897\u3048\u3066\u308b\u3002Marathon 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