The sequester\s reduction in government oil subsidies will bring energy prices on par with other countries: higher than today STEVE AUSTIN | 2013/03/18 Well, March arrived with ‘the sequester,’ didn’t it? As you heard, on March 1, ‘the sequester’ swung into action with President Barack Obama signing an order to bump away $85 billion from […]
Often portrayed as equaly evil, North Korea and Iran depart from one another in their influence on oil prices. STEVE AUSTIN | 2013/04/29 Deja vu. The more things change, the more they remain the same, don’t they? Take North Korea, for instance. If the ascension of Kim Jong-un promised change, it -alas- wasn’t meant to […]
Ghadaffi’s tragic ending prompted Oil Sheikhs to face a tough choice : either trickle down petrodollars to their subjects and avert unrest or keep buying more Rolls Royces instead. STEVE AUSTIN | 2013/05/29 We have written extensively about the drivers of oil prices to the upside: higher production costs, the lack of transcontinental pipeline in […]
The oil cartel is divided in its response to increase US shale oil production. STEVE AUSTIN | 2013/07/01 Previously on OIL-PRICE.NET, we’ve looked at reasons for lower bound of oil prices. With questions asked from our readers, we’ve decided to take another look with special emphasis on OPEC. For, OPEC is an important factor in […]
Egypt, much like Iran controls strategic routes in the international oil trade STEVE AUSTIN | 2013/08/05 Go, check the oil prices. Haven’t they galloped to $106 a barrel? Indeed they have, on the back of turmoil in Egypt and tensions with regard to the Suez Canal. Not long ago, the uprisings in the Middle-East pushed […]
Bakken’s high depletion rates means more drilling, more often. STEVE AUSTIN | 2013/09/04 If you can, you could term it delusion, the theory that Shale gas is the answer to all problems in terms of energy. Just extract the gas, ship it across the pipeline and export the excess, or so goes the popular theory […]
The proof is in the math. Frequency analysis shows oil price volatility is periodic and repeats every 32 months. TOM THERRAMUS | 2013/10/07 In a previous Oil-Price.net articles published in 2010 and 2011 , I discussed predictive relationships that appear to occur between large, rapid swings in oil price and recessions, stock market crashes and […]
Qatar supports the Syrian conflict to build a pipeline through Saudi Arabia, Jordan and Syria. STEVE AUSTIN | 2013/11/12 Noticed something whirring overhead? Must be the smell of drama. It seems that the Arab countries are willing to fund the entire operation of any U.S. military adventure in Syria. Says, Secretary of State John Kerry, […]
Savings are so substantial that entire truck fleets will switch to CNG in the next years. STEVE AUSTIN | 2014/01/02 It’s as official as it can get. There’s a shale boom scampering around the country. At the heart of it, there’s cheap Natural Gas. Obviously, can the Natural Gas trucks be far behind? And, the […]
Petrodollars will decide whether the 40 year old oil export ban will remain in place. STEVE AUSTIN | 2014/02/03 The United States of America, land of entrepreneurship and innovation, is a major campaigner on the world stage for free markets and liberalized economies. So, few Americans would believe that their government actually prevents a US […]
