Archive for the 'oil futures' Category
Pardon My Skepticism
0 Comments Published by Mark Floegel March 15th, 2007 in Gas, Oil, Peak Oil, oil and gas production, oil demand, oil futures, oil reserves, oil tradingOn March 5, the New York Times published a front-page story called “Oil Innovations Pump New Life Into Old Wells.” Getting new oil from “played out” wells was the thrust of the piece; as the price of oil rises, it becomes worthwhile investing new money into old wells. The article also indirectly took on the […]
IEA: Demand for Oil Increases
0 Comments Published by Andy Rowell February 14th, 2007 in oil demand, oil futures, oil industry outlookAs if taking a cue from T-Rex Tillerson that demand for oil will keep rising, the International Energy Agency has raised its outlook for world oil demand for the first time over a year, citing upward revisions to the estimated appetite of the still-booming Chinese economy.
The IEA raised its 2007 demand forecast by 273,000 barrels […]
The Price of Fear in your Gas Tank
0 Comments Published by Andy Rowell September 19th, 2006 in Oil, oil futuresEver wondered how much of the oil price is pure hype or fear? Well there is an interesting article in today’s New York Times, which quotes Michael Rose, the director of the energy trading desk at Angus Jackson in Fort Lauderdale, Florida who says that “Crude is coming down because it was way too high,” […]
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