Peak Oil Review – July 23
As prices continue to fall, concerns are increasing on Wall Street as to the quality of their loans to unprofitable oil and gas companies.
As prices continue to fall, concerns are increasing on Wall Street as to the quality of their loans to unprofitable oil and gas companies.
A weekly review: Oil and the Global Economy, The Middle East and North Africa, China, Russia/Ukraine, Greece, The Briefs.
The plunge in oil prices last year led many to say that a decline in U.S. oil production wouldn’t be far behind. This was because almost all the growth in U.S. production in recent years had come from high-cost tight oil deposits which could not be profitable at these new lower oil prices. These wells were also known to have production declines that averaged 40 percent per year.
A weekly review including Oil and the Global Economy, The Middle East and North Africa, China, Russia/Ukraine, Greece, The Briefs.
A perfect storm formed over the oil markets this week leading to price declines.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Greece, The Briefs.
A weekly review in including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Greece, The Briefs.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Greece, The Papal Encyclical, The Briefs.
Despite considerable volatility in the oil markets on Wednesday prices have been little changed so far this week.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Greece, The Briefs.
The debate on where oil prices are headed continues with evidence accumulating on both sides of the argument.
After climbing on Tuesday due to a surge in the euro, prices fell on Wednesday to close down slightly for the week.