Below are some of the important curves in the energy space with their current price and price 1 month ago. Notice something? All have shifted upwards and we thus wonder if there is life in energy space after all? If you are looking for arguments for strength in the curves below we find the Fed’s failure to tighten monetary conditions properly obvious, but that same reason might be why investors should tread lightly. Maybe that’s why energy stocks haven’t outperformed the market over the last month.