 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 19 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 3 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 19 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 19 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 10 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 10 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 10 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 10 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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Energy
Could a Variable Oil Tax Make this the Last Oil Price Shock?
It must be Groundhog Day. Events in Libya have pushed world oil prices over $100 a barrel yet again. Retail gasoline prices, usually low this time of year, are at…
Crude Oil Price Hits $120
Crude oil from the “light end of the barrel” hit $120 this morning. Forget what Bernanke and the MSM are telling you. They keep showing the WTI price. Even supposedly…
Despite Huge Resources Only a Small Amount of Oil is Recoverable
The world holds a huge amount of oil resources. Besides liquid oil, there is very heavy oil in various forms. There is also liquid oil trapped in oil shale, oil…
At Least One Eurozone Country Will Default if Brent Crude Rises to $150 a Barrel
If the price of Brent crude oil surges to $150 a barrel, one eurozone country will default and the whole region will fall into recession, according to Marie Diron of…
Chesapeake Selling off Shale Gas Assets: What Happened to Cheap and Abundant Gas?
Only two years ago Chesapeake Energy Corp. president Aubrey McClendon was telling us about the limitless future of natural gas in North America. It was going to free us from…
$100 Oil and the Economy – Is the Worst Behind Us?
Some folks look at the $100 oil price and conclude that it has stabilized and that everything will be OK. They argue one can now sell the oil stocks and…
A Detailed Look at Urban Energy Consumption
Everyone knows that it takes energy to produce anything. The energy used in mining, transport, processing, manufacturing, delivery, and disposal is “embodied” in every product we consume, from food to…
Oil Supply Disruptions in The Middle East Now Becoming Evident
The impacts of the disruptions in the Middle East are now starting to become evident as supplies no longer flow into the delivery pipelines that carry fuel from countries such…
The Failure of U.S. Politicians to Open electricity and Other Energy Markets
Over the last century, U.S. politicians have formulated policies favoring monopolies and their affiliates and friends, while picking winners and losers, often favoring higher-cost technologies, causing consumer and taxpayer rip-offs,…
High Oil Prices and Recessions
The idea that high oil prices cause recessions shouldn’t be any surprise those who have been following my writings, or those of Dave Murphy, or those of Jeff Rubin. Yesterday,…
Oil Price to Natural Gas Ratio Near Record Highs
Whenever the price of oil diverges from the price of natural gas, opportunities for profit emerge. With the price of natural gas remaining below $4 even as NYMEX crude is…
How Would the Economy be Affected by $100 Oil?
Oil has crossed the $100 threshold a couple times in the last day or so, but there’s still a lot of confusion over what that means. To be sure, predicting…
America’s Role in the Global Oil Market
It's pretty easy to sum up America's role in the global market for oil: We need it, they got it. Here are the numbers, via the U.S. Energy Information Administration…
Don’t Compare the Current Oil Situation to $140 Oil in 2008
There’s been too much cacophony about the Libya unrest. Rather than be beholden to the sensationalist financial media and just fear monger over Oil prices, it’s a better idea to…
Investors Jumping On-Board the Colombian Oil Bandwagon
Carlos Slim announced in early February that he would increase his investments in Colombia, particularly in the oil sector. This week he backed up his statement by having his Grupo…
Another Massive Natural Gas Resource Becomes Available
There is a huge reserve of natural gas already discovered, waiting for use and distributed worldwide. The reserves are simply natural gas that is naturally formed with other gases, mostly…
Forget Libya, The Smart Money is Eyeing Developments in Saudi Arabia
The smart money has their eyes on Saudi Arabia. Will the protests there turn ugly?All the drama seen on the streets, from the unnecessary deaths to Muammar Gadhafi’s rhetoric…
Clean Energy Commodities: The Answer to Middle Eastern Oil
Many of the great declines in the stock market over the past 30 years have been related to oil (United States Oil (USO)). This week we have seen the major…
Libya's Role in World Oil Production, Past and Future
Libya is a relatively new country, having declared independence in 1951. For the last 39 years, the country has been ruled by a single man, Colonel Muammar al-Gaddafi. Over the…
Nomura: $220 Oil Possible if Libya and Algeria Halt Oil Production
Forget the biggies. If just Algeria and Libya were forced to stop production, oil could rocket to $220.That's according to Nomura (via ZeroHedge): We have identified three distinct…
