Quote of the Week
“It is well-recognized that the main drive of the deepest recession since the Great Depression 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
Chevron Corp. said its $4.7 billion Tahiti field in the Gulf of Continue Reading
“Shale plays represent a disturbing tendency in the E&P business away from critical thinking. The Continue Reading
I’ll talk about the baseload issue, but once again we must confront the difference between talking the talk and walking the walk. Actions speak louder than words. Why do we require 3 to 5 years of planning to modify the grid to integrate renewables? Haven’t the Danes already done this? What’s the hold-up?
Oil prices had a good week, closing out above $53 barrel despite much bad economic Continue Reading
The security situation in Iraq appears to be deteriorating at a time when Baghdad is Continue Reading
It will be some time before we can sort out the impact of last week’s Continue Reading
Offshore oil: “The pace of growth will slow and then become flat for the next Continue Reading