Category: ‘ Oil Prices ’

 

Petroleum Geopolitics in Dire Straits: Update

Last month, this blog discussed the beginnings of a potentially severe oil crisis, as Iran began running drills to close the Strait of Hormuz.  In the weeks since, the situation has steadily escalated, and this morning the Wall S...

Oil Volatility Could Make 2012 a Year to (Not Fondly) Remember

Global oil markets are changing in ways that have never been seen before, promising high prices and continued volatility next year that certainly will not help America’s energy security. Citigroup’s commodity research unit ear...

The real scandal: Foreign policy with one hand tied behind our backs

The drip-drip "scandal" of Solyndra makes another appearance today, with the "revelation" that the major funder of the project, Obama donor and Tulsa billionaire George Kaiser, exchanged emails with his own staff about conversatio...

Oh Canada!

Deborah Solomon's WSJ piece on the Keystone XL pipeline planned to bring Canadian crude oil from oil sand formations to the US captures the debate well. Ms. Solomon's lead: "The White House has put itself squarely in the mid...

Understanding Oil Market Economics

Last week, Republican presidential candidate Michele Bachmann’s promise of $2 per gallon gasoline under a Bachmann presidency rose more than a few brows.  First, Bachmann’s remark that Obama’s presidency began with a $1.79 ...

Oil price volatility, hedging and trading

Today's WSJ has an interesting piece entitled "As Oil Spiked, Many Traded."  Reporters Ianthe Jeanne Dugan and Liam Pleven described a "world of oil investors" reaching "far beyond Wall Street in recent years as foreign pension...

Do Downward Oil Prices Lead to an Upward Economy?

Yesterday, the S&P Index dropped 6.7 percent, and by 12:15 p.m. today, it was up 2.7 percent. The entire market has been in a state of extreme instability, and oil prices are no exception.  Crude futures closed at $81.31 yest...

Political Roundup

If we need any further proof that America’s oil dependence keeps us beholden to outside players, we can look to comments made by Saudi Arabian Prince Alwaleed bin Talal earlier this week.  Voicing what can be interpreted as the...

Outlook for Oil Prices? Up and Up…

Strong global fuel demand growth and tighter OPEC spare capacity has led investment banks Goldman Sachs and Morgan Stanley to raise their oil price forecasts for 2011 and 2012. Goldman Sachs raised their end-2011 price forecast...

Understanding oil subsidies

Tune in today for a reasoned and constructive examination of the impact of oil subsidies on the US deficit, economy and energy security as the Senate Finance Committee conducts a hearing featuring the CEOs of the five majors.  NO...
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