Today I’ll try to explain President Obama’s policy for decreasing oil consumption in the United States. Right now the administration has so many balls in the air that it is impossible to make a definite statement about what the effects of their initiatives will be, but a coherent policy is emerging if you gather all the pieces together. I compile a list Obama’s policies at the end of 2nd section below.
1. Last Week 2. Commentary: Drilling with Charlie – Blizzard in the Badlands 3. Quote Continue Reading
Oil prices had a bullish week, increasing steadily from $57 a barrel, at one point Continue Reading
The nation’s capital had the activity of a three-ring circus last week, with a challenge Continue Reading
Nigeria‘s oil production has fallen to less than half its capacity as fighting escalates in Continue Reading
“It is well-recognized that the main drive of the deepest recession since the Great Depression Continue Reading
[Note: a true story from the oil fields. You may have burned some of the Continue Reading
Physical traders storing oil will start dumping it back on the market. They will need to dump it all or pile up losses leasing supertankers. The ensuing snowball will cause the oil price to crash. Oil may fall below its February low as today’s distorted $62 price becomes tomorrow’s distorted $25 price. I could be wrong of course. Mr. Market may experience another drug-induced mood swing which reflates the oil price. Naturally it is hard to predict Mr. Market’s future emotional state.
Prices and production Crude closed on Wednesday at $62.05 a barrel, the highest level in Continue Reading
1. Production and Prices After rising by $10 a barrel since mid-April, oil prices continued Continue Reading
At the 2009 Offshore Technology Conference (OTC) in Houston two weeks ago, the top issues Continue Reading
After rising by $10 a barrel since mid-April, oil prices continued to increase early last Continue Reading
A few years ago when the oil supply situation was much tighter, every militant attack Continue Reading
As a leading compiler of information relating to oil, the release of the IEA’s Oil Continue Reading
On April 27th natural gas prices fell to a recent low of $3.25 /Mcf but Continue Reading
Saudi Aramco produced 8.9 million b/d of crude oil on average last year, up from Continue Reading
“When I became president, the average gas mileage on a car was 12 miles per Continue Reading
I would be crazy to get involved in this dispute, so I won’t, and besides 1) I’m not up on these issues; and 2) I don’t think Cap & Trade as opposed to a Carbon Tax matters one bit, which is why I’m not up on these issues. However, the Romm versus Hansen dispute does deserve comment because it directly addresses the question of how much CO2 in the atmosphere constitutes dangerous human interference with the Earth’s benign Holocene climate. But first I need to explain why Cap & Trade doesn’t matter.
1. Last Week 2. Some Economic Implications of Peak Oil 3. Quote of the Week Continue Reading
Oil prices closed at a six-month high of $58.63 on Friday, capping a week of Continue Reading
Tensions between the Chavez government and the oil service industry have been on the rise Continue Reading
In recent years, the EU has become increasingly concerned about its precarious energy situation. Disputes Continue Reading
Last week, the Raymond James & Associates firm of financial advisors published a report discussing Continue Reading