Tag - oil


Oil Price Steadies Decline

Oil price steadies decline after tumbling to the lowest level since before OPEC reached an output-reduction deal as U.S. shale confounds the producer group’s attempts to prop up prices. Prices are approaching an 8 percent decline this week, bringing the U.S. benchmark crude back to levels last seen before the Organization of Petroleum Exporting Countries signed a six-month deal in November to curb production and ease a global glut. The drop in prices is being driven by expanding U.S. output [...]


Keep Volume Down!

Keep the Volume Down Normally, this is a rant to my son as he hammers away on his drum kit.  But it is a sentiment being echoed throughout the US oil industry to global producers who have so far at least, no intention to keep the volume down – of oil production of course. It’s the basic rule of economics.  If it costs you $50 to make, but you can only sell it for $30, you aren’t going to be in [...]


Oscars, Environment and Oil

Oil Prices Rise Yes, today’s blog has it all. Oscars, Oil Prices and environmental news. As the red carpet is rolled up for another year, the tinsel town must be quite pleased that it managed to navigate through the racial diversity row…for now.  Chris Rock joked, “You realize if they nominated hosts, I wouldn’t even get this job! You’d all be watching Neil Patrick Harris right now.” If race wasn’t the main topic last night, then the environment was. After five previous nominations, [...]


Oil Oil Everywhere

Oil Oil Everywhere Oil, oil everywhere – prices are down again today as inventories rise. The black blood which runs through the veins of the world’s economies has dominated the news every day for the 20 plus years I have been in energy.  It is either too low, too high, running out or in endless supply, and with each forecast and projection, the price responds. I have seen staggering lows of under $10 a barrel and highs of over $135 a [...]


Buying Decisions – Cheap Gas

Buying decisions are easy when prices are low – aren’t they? If you are wondering what buying decisions have to do with low gas prices – read on. It’s amazing to me that gasoline (petrol for those over the pond) cost’s almost as little a gallon in parts of the US as it is for a liter in Europe! The economic benefit from a fall in gas prices is substantial. According to motoring organization AAA, consumers saved over $115 billion in gas [...]

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