The giant Groningen gas field…
There appears to be no…
Honestly, oil prices have been moored to around $90 for so long, we're kind of giving up on the whole $100 barrel idea, but obviously a lot of folks think…
Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama’s worst nightmare at election time next year. Among forecasters,…
The price of oil has oscillated from an all-time hike of almost $150 a barrel to a low of $30, hand in hand with the credit-crunch and the inextricable economic…
I have written quite often saying that rising oil prices can be expected to lead to debt defaults. For a while, some of this was hidden through lower oil prices…
Right now, the printing of trillions of dollars by the Federal Reserve is creating another financial bubble. It is supported only by deficit spending, borrowing, and money-printing. Nothing else is…
Oil is like any other commodity: if price go up, people will produce more of it to sell. Despite the bleatings of peak oil sheep, oil companies are responding to…
I'm starting to think that the oil markets in 2010 are just a more chaotic version of the markets as they were in 2007. You will recall that in 2007…
“Very little of the recent price rise has really been down to the improving supply-demand balance,” said Matt Parry, senior oil consultant at KBC Process Technology Ltd. Instead, most of…
After a tumultuous 2009, oil has been one of the least volatile assets of 2010, confined to a tortuous $68-$88 range, frustrating momentum players to no end. How many city…
Having done some analysis, I've decided to postpone my projection for the next oil price shock. I have moved the date from 2012 ± 1 year to 2013 ± 1…
Oil Market Summary for 09/20/2010 to 09/24/2010. Crude oil prices battled their way to a gain for the week as worries about the economy warred with the upward pressure from…
Oil Market Summary for 09/13/2010 to 09/17/2010. Flagging consumer sentiment and renewed concern about deflation sent oil prices into the doldrums this week, as prices dropped 1.2% on Friday to…
A barrel of oil has about six times the energy content of a thousand cubic feet of natural gas. The graph below compares the dollar price of a barrel of…
I saw a humorous story a few days ago: Oil Should Be Around $10 a Barrel The price of a barrel of oil would be closer to $10 if…
Oil Market Summary for 09/06/2010 to 09/10/2010. An uneasy market seized on an upward revision in crude oil demand this year and other bullish news to push oil prices up…
Oil Market Summary for: 08/30/2010 to 09/03/2010. Oil prices continued to move basically sideways as bullish and bearish news buffeted prices up and down in a narrow range. The benchmark…
Oil Market Summary for 08/23/2010 to 08/27/2010. Oil prices recovered some lost ground Friday after Federal Reserve chairman Ben Bernanke said the Fed stands ready to do whatever it takes…
Oil Market Summary for 08/16/2010 to 08/20/2010 Crude oil prices continued their downward spiral during the week as new data confirmed that U.S. economic growth is slowing. The benchmark West…
In the next edition of my energy economics textbook, I rehash and augment my interpretation of various controversies having to do with fundamentals’ versus speculation (i.e. gambling) when considering the…
Oil Market Summary for 08/09/2010 to 08/13/2010 Crude oil prices slumped below $80 a barrel again this week as the Federal Reserve and other official forecasters took a dimmer view…