 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 24 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.744 | +0.010 | +0.35% |
|
Bonny Light • 24 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 24 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 23 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 23 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 23 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 23 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
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Iran Plays Down Risk of Retaliatory Attack on Israel
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Energy
Why a Limited Supply of Cheap Oil is Pushing us Into Another Recession
People wonder what has been happening recently, with wildly gyrating financial markets and government debt problems. It seems to me that we are bumping up against an economic growth ceiling,…
Natural Gas Analysis for the Week of August 15, 2011
October natural gas futures bucked the trend of most commodity markets last week by posting a strong 2.75% gain to finish at 4.071. Technically the market posted a weekly closing…
Crude Oil Analysis for the Week of August 15, 2011
Following a volatile trading week which saw the October Crude Oil futures trade in 13.18% range, the market settled at $85.69, down $1.61 or 1.84%. The week started out with…
Russian Pipeline Transiting North Korea Somewhat Unlikely
There apparently is something about building pipelines that causes otherwise rational oilmen to indulge in reveries that would give an opium addict pause. Two of the most recent ideas for…
Will Technology Save us from Peak Oil?
Let's face it! The whole fossil fuel thing - widespread use of coal, oil, and natural gas could not have happened without technological advances. Without the steam engine, the coal…
Large Scale Energy Storage and the Renewable Energy Problem
As we look to transition away from fossil fuels, solar and wind are attractive options. Key factors making them compelling are: the inexhaustibility of the source with use (i.e., renewable);…
The Importance of Coal to India's Economy
India’s coal reserves have been assessed at about 286 billion tons this year, about 3.25 percent higher than the previous year’s 276.8 billion tons, according to a published report. Citing…
Ukraine to cut Gazprom's umbilical cord?
Sometimes it's not easy being Russia's neighbor - just ask Ukraine. Ever since the 1991 implosion of the USSR, Ukraine's relations with Russia have appeared between coldly formal and outright…
Oil Prices and the Fall of the Soviet Union
Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew;…
Is Shale Oil the Answer to U.S. Energy Security
A series of articles by Reuters columnists and Chesapeake Energy’s August 2011 Investor Presentation (once the “Ra-Ra” is filtered out) serve to underline the rapid and largely unseen revolution…
End of the Energy Subsidy Gravy Train
The drama that raised the national debt ceiling without increasing taxes is sending warning shots across the bow for many industries. The message for energy subsidies, including the tax credits…
Why Falling Oil Prices are NOT a Reason to Celebrate
Normally, consumers consider falling oil and gasoline prices to be good news. They have to pay less to fill up their tanks. And if the reason for that is that…
A Look at the DOD's Operation Energy Strategy
US soldiers run on water, batteries and fuel. The latter two are becoming quite a challenge for the armed forces as they require a reliable and assured supply of operational…
Peak Oil: Grim Reality or Conspiracy Myth?
“The era of cheap oil is over and will never come back… Conventional oil peaked in 2006,” - Fatih Birol, International Energy Agency Chief Economist, 25 May 2011 There…
Canada's Increasing Demand for U.S. Natural Gas
Canada needs US natural gas to help produce its bitumen oil sands. As oil sands production ratchets up from 1.5 million barrels per day to 5 mbpd by 2020, Canada's…
Swedish Man Arrested for Building a Nuclear Reactor in His Kitchen
Apparently a Swedish man has been reprimanded for attempting to build a homemade nuclear reactor. 31-year-old Richard Handl foiled his own plans to construct a homemade nuclear reactor when he…
Why High Gasoline Prices are Causing the Drop in GDP Growth
Lost in the furor over the debt crisis last week came the news that the U.S. economy expanded at an annual rate of only 0.4 percent in the first quarter…
The Loss of Oil Hegemony in the West
This author put out an article on dollar supremacy, Jesters, Economics and American Dollar Supremacy, which showed some weak correlations between oil prices and said dollar supremacy. The article…
Natural Gas Analysis for the Week of August 8, 2011
Nearby Natural Gas futures fell sharply lower last week, briefly piercing the low for the year at 3.917 while reaching 3.901 before settling the week at 3.941. The poor outlook…
Crude Oil Analysis for the Week of August 8, 2011
September crude oil reaffirmed its weekly downtrend last week on the trade through the late June bottom at 90.17. Besides trading lower for the year, crude oil also took out…
