Category: ‘ Oil Prices ’

 

It’s not the Oil Imports, It’s Just the Oil!

The distinction between domestically produced and imported oil has been a subject of considerable debate and confusion.  From an energy security standpoint, a common argument goes that increased production of oil in the United St...

What does $70 oil mean for Ahmadinejad?

Oil prices have fallen precipitously since early April, closing at around $70 a barrel on Monday. It is widely known that ups and downs in the major oil exporters’ political power abroad and control over the opposition at home c...

What is Next in the Gulf?

Two weeks after the initial accident on the Deepwater Horizon, it is worth thinking about what may happen with respect to offshore drilling policy in response to the accident and the spill. The President has called the oil spil...

Oil Prices Reach 18-month High

Some weeks ago, this blog reported on the link between Greece’s economic crisis and world oil markets. Yesterday, a senior German banker told Bloomberg News that “The situation in Greece has an indirect impact on the oil marke...

$85 per barrel… What effect is this having? What is OPEC’s strategy?

Oil prices are still rising.  And, quite rightly, people everywhere are still talking about what is responsible for it, whether it is justified by fundamentals, and what effect it is having. Here are a couple of additional tho...

Thoughts About Gas Taxes

Gas taxes.  Oh . . . .  the trouble we get into when we talk about raising gas taxes. So I am not going to suggest that we increase gas taxes, even though thoughtful people on the left (here) and right (here, here) have st...

Missing the Point on Offshore Drilling

Unless you’ve been living under a rock for the past week, you know that President Obama made an announcement on offshore oil and gas development on Wednesday.  There’s been a lot of coverage about the announcement—almost al...

Weekly Political Roundup — Energy’s Moment in the Sun

It finally appears as if winter is turning to spring in Washington, and as if healthcare’s season is turning to energy’s moment in the sun. More specifically, hope springs eternal that the days when climate eclipsed energy sec...

OPEC’s Price Target

The price of oil continued its steady upward climb yesterday as OPEC member nations decided that changes to their output ceiling would not be needed this year.  NYMEX crude futures are trading at over $82 per barrel this morning....

Unraveling the Oil-Dollar Relationship

Greece’s sovereign debt default obviously affects banks and finance ministries.  A casual observer might not expect Greece’s debt crisis to have anything to do with global oil prices. Greece does not have an important role in...