Timely Data

June 9, 2008

Paul Kedrosky had an interesting (at least to me) tweet today pointing to an article on the Wall Street Journal entitled “Playing a Role In Oil’s Ascent: Crude Data”. Essentially the article talks about  the market being starved for TIMELY data.

I am curious what data the market is looking for in this area and how much of it is available from open sources? 

If this data is more or less available from open sources I see an opportunity here to create an automated system to collect, collate and cluster this open data.  Of course that is not enough, we need to also use automated tools to rapidly refine the data pulling out specific data points of interest so the end consumer of the data does not have to.

Basically I am thinking I’d take some openly available crawling technology add a few of my tool (statistical and others) to gather and present realtime (or near realtime) reports.

So how about it Paul is this type of data publicly available (not an oil analyst so I am not sure precisely what data they would want) and would this be useful?

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