Statistic of the Week
Today more than half the USA’s nitrogen fertilizer is imported, and about 20 percent of Continue Reading
Bad Signs, New Bubbles
Assuming the Bubble Next Time thesis is correct, where does that leave us? We will eventually get inflation rates over and above the 1-2% currently priced in. Burgeoning consumption in emerging economies will cause commodity prices will soar again as they did in the period 2003-2008:H1. The sky will be the limit for a barrel of oil. The United States economy will remain in the doldrums for many years. This is a worst of both worlds scenario. We hope for the best but in 2009, why shouldn’t we expect the worst?
Review June 15, 2009
1. Production and Prices Starting the week at $68 a barrel, oil traded as high Continue Reading
Marshall Adkins, Managing Director, Energy Equity Research, Raymond James
Global oil production peaked in 2008, and I think that as you scale back activity Continue Reading
US Imports
In recent years, the US has been importing roughly 400 million barrels of oil and Continue Reading
Production and Prices
Starting the week at $68 a barrel, oil traded as high as $73 before closing Continue Reading
China
While the OECD’s economies continue to stagnate, the situation in China is less clear. Chinese Continue Reading
Peak Oil = Peak Demand?
This outlook might fly in Disney World, but it is clearly impossible in the Real World. This leaves CERA with a public relations problem. Not only must they disavow their fantasy forecasts, but they must also explain away the fact that world oil production will probably never exceed its July, 2008 peak.
Don Stowers, Editor, Oil & Gas Financial Journal
“The reality is that the economy will come back and when it does there are Continue Reading
Week of June 8, 2009
1. Production and Prices Oil prices opened and closed the week around $68 a Continue Reading