With summer looming large, the Japanese government is scrambling to cope with the nation’s energy shortage STEVE AUSTIN | 2011/04/04 The massive earthquake and tsunami that hit Japan recently have left widespread destruction and loss of life in their wake. Besides the health hazards and reconstruction that looms ahead for the Japanese, the Fukushima Daiichi […]
Uncertain oil supplies has always meant war. TOBIAS VANDERBRUCK | 2011/05/02 The political world seems to be at such crossroads as of right now. The Middle East seems to be at the center of all debates. The fact is that the reason for all these fiscal and political issues is a three letter word – […]
Last week, oil prices were at a two-month low of less than $100 per barrel. Many analysts termed the drastic fall in prices a result of the domino effect GIUSEPPE MARCONI | 2011/05/16 The price of crude oil is closely watched by market analysts and the common man alike. This is because the uncertainty associated […]
Facing public resentment, Big Oil tax breaks may soon end. STEVE AUSTIN | 2011/06/01 The controversial bill proposed by the Democrats to end the substantial tax breaks extended to the major oil companies known as ‘Big Oil’ did not make it. Big Oil commonly refers to the five industry giants – Exxon, Shell, BP America, […]
Though demand and supply is responsible for substantial hikes, “free enterprise” is to be blamed at all other occasions. And how? The moment there is speculation that crude will be trading higher, retailers usually increase their prices in an attempt to keep their margins intact for future purchases. Contrarily, when the price of the crude […]
The price of gasoline does not always follow changes in the price of crude oil. STEVE AUSTIN | 2011/07/11 Oil prices are at it again. In June 2011 rates have dropped almost 20 percents from the $114 high that it touched 4 months earlier. Going by the current trades, oil prices are hovering slightly below […]
Saudi Arabia has been overstating its oil reserves for decades and will not meet increased demand in 2012. STEVE AUSTIN | 2011/08/01 Predictions for the future? Here’s one based on the available pointers: Tighter oil supplies in 2012. In fact, brace yourself, a potential demand surge could, in essence, bring this faraway calculation of next […]
The US credit downgrade is a downgrade of the US dollar, which oil producing nations will denigrate increasingly. TOBIAS VANDERBRUCK | 2011/09/13 Standard and Poor’s (S&P) credit rating for the US was pulled down a notch to AA+ from AAA in August 2011 for the first time in the history of the rating system. The […]
Gaddafi’s death will bring stability to the region and allow oil to start flowing out of Libya sooner. TOBIAS VANDERBRUCK | 2011/10/21 Gaddafi is gone, and how. Yet, his legacy would be tough to scratch. The news of his death marks the beginning of a new era for oil exploitation in Libya which markets greeted […]
As can be seen in our study of the frequency spectrum for oil, volatility in oil prices is tuned to a repeating cycle in which spikes pop up every 32.3 months (or 2.7 years). TOM THERRAMUS | 2011/11/21 In 2009 I published a chart in an article at Oil-Price.net that showed volatility in the price […]