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Tag Archives: oil prices
Energy round-up: the next five years
Energy round-up: the next five years Three things you shouldn’t miss this week Article: What will a Conservative majority mean for climate and energy? – Carbon Brief’s essential post-election summary. Report: Decarbonizing Development Three Steps to a Zero-Carbon Future – What needs to happen now for the world to have zero emissions by 2100. Chart: Low oil prices are making their mark […]
A Plot To Hold Down Oil Prices Or Just A Happy Coincidence?
A Plot To Hold Down Oil Prices Or Just A Happy Coincidence? The recent unprecedented surge in oil imports has again prompted a review of things here. In a prior story, we wrote that the lack of capacity to process light sweet crude at refineries produced via shale plays could be playing a role in the […]
The Chilling Thing Blackstone Said about the Oil Bust
The Chilling Thing Blackstone Said about the Oil Bust Regardless of how troubled oil and gas companies are, “if the assets are good, someone will own them,” explained David Foley, senior managing director of Blackstone Energy Partners. He expected companies to buckle under the load of junk debt and kick off a long series of bankruptcies and […]
Putting the Real Story of Energy and the Economy Together
Putting the Real Story of Energy and the Economy Together What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can grow forever; energy shortages will have no impact on the economy. We can simply substitute other forms of energy, or do […]
IEA sees renewed pressure on oil prices as glut worsens
IEA sees renewed pressure on oil prices as glut worsens (Reuters) – Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday. The West’s energy watchdog said the United States may soon run out of spare […]
Could Oil Prices Plummet A Second Time?
Could Oil Prices Plummet A Second Time? Are oil prices heading for a double dip? The surge in shale production has produced a temporary glut in supplies causing oil prices to experience a massive bust. After tanking to a low of $44 per barrel in January, falling rig counts and enormous reductions in exploration budgets have fueled […]
Oil Prices Don’t Change Because of Rig Count
Oil Prices Don’t Change Because of Rig Count Oil prices don’t change based on weekly rig count reports. Yet every week, there are proclamations by analysts that oil prices are poised to recover because of some change in the Baker Hughes North American rig count. Others state that U.S. tight oil production will continue to rise despite falling […]
Here’s What Will Send Oil Prices Back Up Again
Here’s What Will Send Oil Prices Back Up Again Oil’s rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face […]
If Oil Prices Are Surprising, Then That Can Only Mean Demand
If Oil Prices Are Surprising, Then That Can Only Mean Demand Crude oil futures have been quite volatile of late, particularly in the front months where even the slightest changes in expectations of whatever factor (rig counts, CEO comments, etc.) send WTI surging or tumbling by turn. Despite that, however, the outer years on the […]
Shale sub-prime and the Ides of March
Shale sub-prime and the Ides of March “Sub-prime” is the term by which became known the debt market segment that served low quality housing in the US. Essentially these were products supporting mortgages to low-middle class families, that in 2006/07, up against the simultaneous rise in interest rates and commodities prices, produced a wave of […]
Energy market madness is the death spasm of the oil age – renewables now!
Energy market madness is the death spasm of the oil age – renewables now! Current oil price volatility is a symptom of the end of cheap oil, writes Nafeez Ahmed, and it’s destablising the entire global economy. The answer is a major shift to renewables – but the the International Energy Agency, which should be […]
Cheap petrol prices behind us, modest rises predicted to continue: economist
Cheap petrol prices behind us, modest rises predicted to continue: economist Motorists may have seen the last of cheap fuel, with the price of petrol rising for the first time in 10 weeks. The Australian Institute of Petroleum said the national average petrol price rose four cents per litre last week to 112.6 cents. The […]
Why Oil Prices Will Be “Lower For Longer” In 3 Simple Charts
Why Oil Prices Will Be “Lower For Longer” In 3 Simple Charts History may not repeat… but it does rhyme! A pattern emerges – from investment to exploitation… It’s deja vu all over again… And it’s different this time… Source: Goldman Sachs
Oil prices fall on market relief over Saudi policy
Oil prices fall on market relief over Saudi policy (Reuters) – Oil prices fell on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia’s new King Salman moved to assuage fears of an unstable transition and any policy change in the world’s largest oil exporter. Salman was quick to retain veteran Saudi oil […]
Why the Hysteria Over Oil Prices Is Overblown
Why the Hysteria Over Oil Prices Is Overblown Wild stormy weather stops us in our tracks. Factories close. Offices are abandoned. School is cancelled. After the rush to stock up, stores are shuttered. And when the storm hits, it’s all we can think about — especially if the power goes out. It can seem like […]
