Archive for October, 2008

 

Unconventional Production to Suffer?

With oil prices sliding to $60/bbl, emotions are probably mixed around the U.S. No doubt, consumers are enjoying the relief from this summer’s record gasoline prices. At $2.66 nationally, average retail gasoline prices are now s...

What Will OPEC Do?

As we near the end of the U.S. trading day for spot market West Texas Intermediate crude, prices are approaching $65/bbl—about a 55 percent decline from July’s record prices. As oil prices continue their downward spiral, most ...

McCain and Obama Still Don’t Understand Energy Fundamentals

In last night’s debate, moderator Bob Schieffer noted that each candidate had committed to reducing our dependence on foreign oil, and asked each candidate to “give us a number, a specific number of how much you believe we can...

Lower Oil Prices and OPEC

The IEA has updated its forecast for world oil demand for 2008 and 2009. Expected growth in oil demand has been revised downward for both years—240,000 b/d less in 2008 and 450,000 b/d less in 2009. Based on this latest data, gl...

Chart of the Week

On Wednesday, the International Monetary Fund (IMF) released its latest World Economic Outlook. The report paints a bleak picture for the next 15 months while taking stock of the many variables impacting the world economy right no...

OCS Ban Lapses—Now What?

Last Tuesday, as the federal government’s fiscal year 2008 came to a close, Democrats in Congress conceded on what had become an increasingly untenable position. The decades-long ban on offshore oil and gas drilling in the Atlan...

Chart of the Week: Russian Crude Oil Production

There are essentially three factors contributing to today’s high oil prices. They are: 1) Rising oil demand in emerging market economies; 2) Ongoing geopolitical instability in key oil-producing nations/regions; and 3) Cont...

SAFE Adds New Reports to Web Site

Today, SAFE added to its web site two new editions of the SAFE Intelligence Report: Can the U.S. Copy the Brazilian Energy Miracle? and Going For Black Gold: China on the Move in Africa. The SAFE Intelligence Report is a twice-...

Outside the beltway, energy policy at the fore

With the financial crisis taking center stage in Washington this month, the chances of passing a comprehensive energy bill before the end of the year look bleak. As we have noted in this space before, that is truly unfortunate. If...
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