Peak Oil Notes – Dec 25
Oil futures have been volatile this week, swinging $1-2 a barrel on the latest news.
Oil futures have been volatile this week, swinging $1-2 a barrel on the latest news.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs.
Oil prices have fallen by half since late June. Since it’s almost the end of the year, perhaps this is a good time to stop and ask why?
Most observers are saying the pause in the rapid decline in oil prices is mostly techincial and that lower prices still are expected.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs
As a consumer of oil, you may regard recent sharp declines in the world oil price as a blessing. But…
A weekly review including Oil and the Global Economy, The Middle East & North Africa, Russia/Ukraine, Quote of the Week, The Briefs.
The United States could chose to fight back and possibly win this war with OPEC by employing one simple, big move. But, I can confidently predict that the country will not do it. Why? Because it involves a tax, a tariff actually.
The Wall Street Journal reports that the Saudis will not entertain production cuts even if oil prices fall further and that Riyadh expects that global oil will settle around $60 a barrel which it says is sustainable for the Gulf Arab states.
In this post on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries.
To paraphrase Mark Twain: Rumors of OPEC’s demise have been greatly exaggerated.
A mid week update.