Iran takes a jab at the dollar by opening its own oil bourse. STEVE AUSTIN | 2008/02/06 The Iranian Oil Bourse establishing Euro-based pricing of oil is set to open on February 17th 2008 and could have devastating effects on the US dollar. Currently all three major oil markets (WTI, NYMEX, IPE) trade barrels of […]
The island of Kish STEVE AUSTIN | 2008/02/20 Iran’s Oil Bourse is based off the island of Kish and houses offices of 100 Iranian and foreign companies. We share professional crude oil price intelligence, research and insights. Unsubscribe at any time. 60,000+ people are now receiving our research. Leave Your Reply
China North East Petroleum (NEP), with its innovative business model and flawless execution may be the most promising oil producer. STEVE AUSTIN | 2008/05/07 Increasingly, governments are demanding higher prices from oil conglomerates for tapping into their onshore reserves and sometimes even excluding them in favor of domestic expertise. It looks bleaker and bleaker for […]
Forecast long-term oil shortages dampen need for new refineries. GIUSEPPE MARCONI | 2008/07/23 Oil companies won’t be building more refineries, because there won’t be enough oil left to refine by the time new refineries could pay for themselves. There hasn’t been a new refinery built in the US since 1976. In 1982, there were 301 […]
History reminds us the $700B bailout will cause irremediable inflation. STEVE AUSTIN | 2008/10/06 As the US house of representatives voted to increase the dollar supply by $700B, many are wondering what effect this will have on energy prices.History is full of tragic examples where helicopter money triggered rampant inflation and widespread economic hardship. Let’s […]
High oil prices may have caused the economic collapse of 2008. STEVE AUSTIN | 2009/01/05 It took only 5 months for the price of oil to plummet from $150 to under $40 in the second part of the year. Meanwhile oil consumption did not even decrease 10%, so what is the real cause of this […]
Oil prices will resume their march upwards when the economy recovers. GIUSEPPE MARCONI | 2009/09/28 Someday the worst of this economic debacle will be over. Then the phenomenon of “Peak Oil”, when the world’s oil production reaches its maximum and begins a slow decline, will reassert its power to increase the price of oil. Now […]
Seismic vibrators bounce soundwaves underground. The echo helps locate crude oil. STEVE AUSTIN | 2009/10/08 Many of us are aware of the value of oil and very aware of the oil price rise. Oil drills and oil exploration float to mind every time the oil prices go north. But are we aware of the process […]
Chinese currency could become the new petro-dollar. MERLIN FLOWER | 2009/10/14 Last month Marconi’s article here in oil-price.net broke the news of how China was building its crude oil reserves, completing 102 million storage facilities and how the country had a big devaluating pile of dollars. Well, trusted sources say that China has taken the […]
Underinvestment in oil exploration causes lack of elasticity in oil supply and soaring oil prices. STEVE AUSTIN | 2009/10/21 Crude oil prices have surged to year high recently, as the economy is showing its first signs of recovery. Mark my words: the economy is not booming, far from that. There are however some signs that […]